Tatum Bank Meets CBN Recapitalization Requirement

Tatum Bank has successfully met the Central Bank of Nigeria's capitalization milestone, strengthening its financial foundation and positioning for enhanced service delivery and sustainable growth in Nigeria's banking sector.

Alice Walton Tops Forbes Richest Women List Again

Alice Walton remains the world's wealthiest woman with a $134 billion fortune, leading Forbes' 2026 female billionaire ranking. The list reveals only 14% of global billionaires are women, with few self-made among them.

Iran War Shocks Global Economy, Threatens Food Security

The ongoing US-Israel conflict with Iran is causing severe economic disruption worldwide, driving up energy prices and threatening food shortages in vulnerable nations. The closure of the Strait of Hormuz exacerbates the crisis, with countries like India

BUA's Rabiu Leads Africa's Wealth Gainers in Forbes 2026

Nigerian industrialist Abdulsamad Rabiu recorded the largest wealth increase among African billionaires, with his net worth soaring by $6.1 billion to $11.2 billion, moving him to third place on the continent's rich list.

Italy's 2026 Customs Rules: Banned Items List

Italy has released strict customs rules for 2026, banning meat, dairy, counterfeit goods, and other items. Travellers must declare cash over €10,000 and follow duty-free limits to avoid fines.

30 Nigerian Banks Meet CBN Recapitalisation Targets

Nigeria's banking sector nears recapitalisation goals as 30 banks meet CBN's new capital requirements, with 33 raising funds via rights issues and IPOs to strengthen stability and support economic growth.

NNPC Increases Petrol Prices by N180 Across Nigeria

The Nigerian National Petroleum Company (NNPC) has implemented a significant petrol price hike, raising rates by N180 in Lagos and other states. This marks the fourth increase in one week, with Dangote Refinery citing global market volatility as the prima

Naira Hits 5-Month Low as Dollar Strengthens

Nigeria's naira weakens to N1,405.62 per dollar at official market despite increased FX inflows and rising external reserves. Parallel market gap narrows to N15, signaling potential convergence.

Naira Hits 5-Month Low as CBN Releases New Exchange Rate

Nigeria's currency weakened to N1,405.62 per dollar at the official market despite increased foreign exchange inflows and rising external reserves. The parallel market gap narrowed significantly, signaling potential convergence.

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