Business

CBN to Nigerians: Handle Naira with dignity

CBN to Nigerians: Handle Naira with dignity

KANO — The Central Bank of Nigeria, CBN, has urged Nigerians, particularly traders, to handle the naira with care, pride and dignity to prolong the lifespan of banknotes and reduce the cost of replacing soiled and mutilated currency. The Director, Currency Operations and Branch Management, Dr Adedeji Adetona, gave the advice on Monday during a […]
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Nigeria‘ll witness monumental devt with correct tax system — Oyedele

Nigeria‘ll witness monumental devt with correct tax system — Oyedele

By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday said   that Nigeria will witness monumental development, if the nation gets her tax system right. He spoke when he received a delegation of the Chartered Institute of Taxation of Nigeria (CITN) in his office in Abuja. […]

Stronger AI governance needed to safeguard trust in banking  

Stronger AI governance needed to safeguard trust in banking  

By Providence Ayanfeoluwa The Group Managing Director and Chief Executive Officer, United Bank for Africa, UBA Plc Mr Oliver Alawuba, has called on internal auditors across the banking industry to embrace artificial intelligence, AI, as the sector navigates a rapidly changing digital landscape. Alawuba made the call at the Association of Chief Audit Executives of Banks […]

SEC grants fresh licences to BGL firms, clears return to capital market operations

SEC grants fresh licences to BGL firms, clears return to capital market operations

By Peter Egwuatu The Securities and Exchange Commission (SEC) has granted fresh approvals to three companies within the BGL Group, authorising them to resume operations across key segments of the Nigerian capital market. The approvals, contained in separate letters issued by the Commission, covering  BGL Securities Limited, BGL Capital Limited and BGL Asset Management Limited, allows […]

Marketers retain high petrol prices as crude oil crashes to pre-war level

Marketers retain high petrol prices as crude oil crashes to pre-war level

By Obas Esiedesa & Ediri Ejoh Oil marketers across Nigeria have continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at elevated prices despite a sharp decline in global crude oil prices to levels recorded before the outbreak of the US-Iran conflict. Brent crude, the international benchmark against which Nigeria’s oil is priced, fell […]