Big news — our investment management rating just got an upgrade to ‘AA’ from ‘AA-’ by DataPro and affirmation of A+(IM) by Agusto & Co. This reflects how we are continuously improving to serve our investors better. Our funds levelled up too as Agusto & Co upgraded our First Asset Money […]
BUSINESS
The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution. This affirmation reflects the Bank’s adherence to regulatory requirements and its strategic focus on […]
The international e-commerce platform; Temu, said it is dedicated to protecting users’ personal information and will cooperate with authorities to resolve issues regarding its data handling methods in response to an ongoing investigation by Nigeria’s Data Protection agency. This comes after the Nigeria Data Protection Commission (NDPC) announced that it […]
With a deal reached yesterday to purchase IHS Towers, the largest independent towers, operators, and developers of shared communication infrastructure worldwide, at an enterprise value of roughly $6.2 billion, MTN Group has regained its old telecom towers that it first sold to IHS Towers in a dramatic business turnabout. The […]
While the National Agency for Food and Drug Administration and Control renewed its ban on sachets and tiny PET-bottled alcoholic beverages, the Manufacturers Association of Nigeria has called for the Federal Government to step in. MAN cautioned that the numerous, contradictory orders from NAFDAC’s campaign are upsetting companies and causing […]
The World Bank upgraded its prediction for Nigeria’s economic growth to 4.4% for 2026 and 2027, saying on Tuesday, that the country’s economy is expected to develop at its quickest rate in over ten years. This was revealed in the World Bank’s most recent Global Economic Prospects report. The most […]
Following the resignation of the former CEO, John Ugbe, MultiChoice Nigeria has announced in a statement that Kemi Omotosho would take over as CEO. After over 15 years, Ugbe, who led the company through major changes in Nigeria’s media and entertainment sector, managing a swift digital change, shifting consumer behavior, […]
By Peace Timi As businesses brace for another year of economic uncertainty and rapid change, 2026 is shaping up as a decisive period for corporate leaders, entrepreneurs and policymakers. Shifts in technology, workforce dynamics and consumer behaviour are forcing organisations to rethink traditional strategies, with adaptability emerging as a critical […]
Digital Realty, a premier global provider of data center, colocation, and interconnection solutions, has launched its third data center in Lagos, South West Nigeria, which will not only shape the country’s digital future but also the social and economic fabric of its communities. The new facility, tagged LKK2, significantly expands […]
Excess liquidity in the banking sector is demonstrated by the high increase in bank deposits with the Central Bank of Nigeria (CBN) of 783.7 percent year-over-year (YoY) to N79.8 trillion in the first seven months of the year (7m’25) from N9.03 trillion in the equivalent period of 2024 (7m’24). […]