Business Hilights

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Banking/Investments

PalmPay Partners CAC to Register 219,000 Small Businesses

Per the Companies and Allied Matters Act (CAMA) 2020 provisions, leading fintech company PalmPay has partnered with the Corporate Affairs Commission (CAC) to register 219,000 small businesses to boost Nigeria’s economy. In a press briefing announcing the initiative recently in…

Otudeko, Aig-Imokhuede, NGX Group Honor Ogunbanjo’s Legacy

Prominent figures from the Nigerian business landscape have came together to pay tribute to the late Bamofin Abimbola Ogunbanjo during an Afternoon of Tributes and Closing Gong Ceremony, organized by the Nigerian Exchange Group in collaboration with Coronation Group. The…

Cardos’s 1st MPC Meeting Hikes CRR to 45.0%, others

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its first meeting of the year, voted to: Raise the MPR by 400bps to 22.75% Increase the asymmetric corridor to +100bps/-700bps (Previously: +100bps/-300bps) Increase CRR to 45.0%…

Africa’s economic progress depends on its response to de-globalisation—Oramah

How Africa and the rest of the developing world manoeuvre the emerging challenges presented by the unprecedented de-globalisation of the world could potentially make or mar their economic progress in the years ahead, Prof. Benedict Oramah, President and Chairman of…

CBN Pegs Purchase of Dollars in Cash At $500

Due to the helplessness of Naira, the Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying that the foreign currency (FX) exceeding this amount will be made through a transfer…

As Cardoso is ready to chair his first MPC meeting Monday, Matters Arising

The Monetary Policy Committee (MPC) is scheduled to convene on February 26th and 27th, marking its inaugural meeting for the year and the first for the current CBN governor, following two postponements in the latter half of 2023. This will…

How to Link Your NIN/BVN on the PalmPay App

Leading PoS operating machine company, the PalmPay app now has enhanced features allowing users to effortlessly add their National Identification Number (NIN) and Bank Verification Number (BVN) to their wallets while upgrading their Know Your Customer (KYC) levels. PalmPay’s streamlining…

NGX Group, Capital Market Community visit Ogunbanjo, Wigwe’s Families

Representatives of the board and management of Nigerian Exchange Group (NGX) and key stakeholders from the capital market community paid condolence visits to the families of late Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe. Led by Alhaji (Dr) Umaru Kwairanga,…

CBN Gov., Cardoso to chair MPC

President Bola Ahmed Tinubu has appointed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, as the chairman and 11 others as members of the newly constituted Monetary Policy Committee (MPC) of the apex bank. Tinubu announced the…

Fidelity Bank Extends Tenure of Onyeali-Ikpe as CEO to 2026

Board of Directors of Nigeria’s financial powerhouse, Fidelity Bank Plc has graciously extended the tenure of the Chief Executive Officer (CEO), of the bank, Dr Nneka Onyeali-Ikpe, to 2026. Mr Ezinwa Unuigboje, the Company Secretary, said this in a notification…