Global oil prices are once again on the rise, bringing renewed attention to the energy markets as countries and businesses grapple with the wide-reaching effects of this shift. After a period of relative stability, oil prices have been climbing steadily, largely driven by a mix of geopolitical tensions, supply constraints,[Read More…]
Business
Fuel Price Surge: Businesses on the Brink Amid Rising Costs
As Nigeria grapples with an unprecedented fuel price hike, businesses across the country are facing increasing pressure to stay afloat. The rising cost of fuel, exacerbated by global energy crises and domestic challenges, is not only squeezing household budgets but also threatening the survival of small, medium, and large enterprises[Read More…]
Strengthening Nigeria’s Banking Sector: The 2024 Recapitalization Mandate
In March 2024, the Central Bank of Nigeria (CBN) issued a circular announcing a new recapitalization policy for commercial, merchant, and non-interest banks in Nigeria. This policy, effective from April 1, 2026, mandates that banks increase their minimum capital requirements to enhance their financial stability and resilience. The directive requires[Read More…]
From Bricks to Click: The Future of Banking in Nigeria
The Nigerian banking sector is undergoing a significant transformation, moving from traditional brick-and-mortar branches to digital platforms. This shift is driven by a combination of regulatory reforms, technological advancements, and changing customer preferences. The future of banking in Nigeria is increasingly digital, with banks leveraging technology to enhance efficiency, reduce[Read More…]
Navigating the Digital Age: ICT’s Role in Nigeria’s Development
In the last two decades, the global landscape has been reshaped by the rapid advancement of information and communication technology (ICT), and Nigeria is no exception. From the way we work and communicate to how we access services and education, ICT has become a cornerstone of modern life. In Nigeria,[Read More…]
Recapitalization Drive: Reshaping Nigeria’s Financial Landscape and Business Outlook
By Godwin Anyebe The Nigerian financial sector is undergoing a significant transformation with the recent push for recapitalization across various industries. This move, primarily targeted at banks, insurance companies, and other financial institutions, is expected to strengthen balance sheets, improve liquidity, and enhance the ability of these institutions to withstand[Read More…]
Banking on Change: Exploring the Evolution of Nigeria’s Financial Sector
By Olu-kings Boluwatife Ayobami The financial sector in Nigeria has undergone profound changes, but its origins are rooted in a complex interplay of traditional practices, colonial influences, and early attempts at formal banking. Understanding this historical context is crucial for appreciating the subsequent evolution of the sector. Traditional Financial Practices[Read More…]
Beyond the Field: The Business of Sports in Nigeria
In recent years, the landscape of sports in Nigeria has evolved from a mere pastime into a thriving business sector, fueled by passionate fans, emerging talents, and increasing investment. With a population of over 200 million people, Nigeria is not just a powerhouse in football but is rapidly diversifying into[Read More…]
Navigating Inflation: Strategies for Business Success in a Volatile Market
In today’s dynamic economic landscape, Nigeria faces the pressing challenge of inflation, characterized by rising prices and fluctuating costs that can significantly impact businesses. As inflation rates soar, companies must develop innovative strategies to not only survive but thrive in this volatile environment. Understanding the Impact of Inflation Inflation can[Read More…]
Empowering Growth: The Role of SMEs in Driving Nigeria’s Economic Development
Small and Medium Enterprises (SMEs) have emerged as vital engines of growth in Nigeria’s economy, contributing significantly to employment, innovation, and overall economic development. In a nation characterized by a diverse economic landscape, SMEs play a crucial role in addressing pressing issues such as unemployment, poverty, and regional disparities. As[Read More…]
Consumer TV
Danger of mobile phone in the kitchen
It’s dangerous using mobile phone in the kitchen
