CAC announces new requirements for online business name updates
The Corporate Affairs Commission (CAC) has announced new requirements for updating business names online. These changes aim to make the process more secure and efficient for business owners. According to CAC, all business owners wishing to change their business names online must now provide valid identification, updated business documentation, and comply with the latest verification […]
CBN approves 82 Fully Licensed BDC Operators in Nigeria
The Central Bank of Nigeria (CBN) has approved 82 Bureau De Change (BDC) operators to operate fully across the country. The approval is part of the apex bank’s efforts to bring order, transparency, and stability to Nigeria’s foreign exchange market. Only operators that met strict regulatory requirements were granted full licences. According to the CBN, […]
CAC to place Opay, Moniepoint on watchlist, report fintechs to CBN
The Corporate Affairs Commission (CAC) has announced that it will place fintech companies like Opay and Moniepoint on a watchlist. This move aims to ensure that these financial technology firms comply with regulatory standards. CAC will also report their activities to the Central Bank of Nigeria (CBN). According to officials, the decision comes amid concerns […]
NNPCL slashes fuel price second time in less than one week
The Nigerian National Petroleum Corporation Limited (NNPCL) has reduced fuel prices for the second time in under a week. This comes as the company continues efforts to ease the burden on motorists and consumers. According to NNPCL, the latest price cut reflects changes in global oil markets and a commitment to ensure affordable fuel for […]
Invest at Home – Dangote Urges Entrepreneurs, Says Nigeria Is Like a ‘Scratch Card’
Africa’s richest man, Aliko Dangote, has called on Nigerian entrepreneurs to focus their investments at home instead of rushing abroad. Speaking at a business event, he described Nigeria as a “scratch card,” meaning the country’s real value only appears when people put in effort to unlock opportunities. He explained that many nations that Nigerians run […]
Luova Group celebrates 15th anniversary in style
Luova Group, a leading Nigerian conglomerate, marked its 15th anniversary with a grand celebration, bringing together employees, partners, and stakeholders. The event highlighted the company’s journey, achievements, and commitment to excellence over the years. The celebration featured award presentations, inspiring speeches from top executives, and a showcase of Luova Group’s key milestones. Guests were treated […]
Naira records appreciation against US dollar
The Nigerian Naira has recorded a new level of appreciation against the US dollar, bringing some relief to citizens and businesses. Reports from the foreign exchange market show that the Naira gained strength at both official and parallel market windows, indicating increased confidence in the currency. Experts say the improvement is linked to recent policy […]
TotalEnergies sells stake in Nigerian licences to Chevron
TotalEnergies has completed the sale of its stake in several Nigerian oil licences to Chevron, marking another shift in ownership within the country’s energy sector. The deal is part of the company’s ongoing strategy to streamline its portfolio and focus on assets it considers more profitable globally. Industry observers say the move reflects a growing […]
Naira records depreciation against US dollar across official, black markets
The Nigerian naira continued to face pressure as it recorded further depreciation against the U.S. dollar in both the official and black markets. Traders and financial analysts reported that the currency struggled throughout the day, reflecting ongoing supply shortages in the foreign exchange market. This drop has raised fresh concerns about currency stability and its […]
Why Nigeria’s 3.98% GDP growth rate hasn’t impacted on living cost – Economists
Economists have explained why Nigeria’s 3.98% GDP growth in the last quarter has not translated into cheaper living costs for citizens. According to them, the growth recorded is mostly “non-inclusive,” meaning it does not directly improve the daily lives of ordinary Nigerians. They noted that while the economy appears to be expanding on paper, the […]