By Ayomide Otitoju The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points, trimming the Monetary Policy Rate (MPR) from 27.5 percent to 27 percent. The decision was announced on Tuesday at the 302nd meeting of the Monetary Policy Committee (MPC) in Abuja. The asymmetric corridor around the MPR…
By Ayomide Otitoju Rite Foods Limited, a leading Nigerian food and beverage company, brought vibrant energy and bold flavors to the 2025 Lagos Comic Convention at the Landmark Convention Centre, Victoria Island. The annual event, celebrated for showcasing comics, animation, film, and pop culture, provided the perfect platform for Rite Foods’ flagship brands—Sosa Fruit Drink,…
By Ayomide Otitoju FirstBank, one of West Africa’s leading banks and a pioneer in financial inclusion, has announced plans to launch specialized financial services tailored for blind, partially sighted, and physically challenged customers across its operations. The initiative is part of the bank’s ongoing commitment to promoting financial inclusion, diversity, and equal opportunity. FirstBank’s internal…
By Ayomide Otitoju The Airtel Africa Foundation has announced an ambitious 2030 vision aimed at directly improving the lives of over 10 million Africans through digital empowerment, education, and innovation. Speaking on the initiative, Dr. Segun Ogunsanya, Chairman of the Foundation, said, “We are not just donating resources; we are building a pipeline of talent…
By Ayomide Otitoju Exhibitors at the Fidelity Nigeria International Trade & Creative Connect (FNITCC) 2025 have hailed the event as a transformative platform for showcasing Nigerian non-oil exports and businesses to global markets. Hosted by Fidelity Bank Plc in partnership with AFRICON from September 18 to 20, FNITCC brought together export-ready Nigerian enterprises across sectors…
By Ayomide Otitoju The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has signed a facultative reinsurance agreement with Takaful Libya. The signing took place during IsDB Group Day in Libya on 23 September 2025. The agreement is designed…
By Ayomide Otitoju The Africa Finance Corporation (AFC) and the Africa Social Security Association (ASSA) have launched the Africa Saving for Growth programme, a continent-wide initiative aimed at mobilising Africa’s institutional savings into long-term infrastructure and private sector-led projects. The launch took place during the UN General Assembly under the Global Africa Business Initiative (GABI)….
By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has renewed its memorandum of understanding (MoU) with the African Association of Automotive Manufacturers (AAAM), reinforcing joint efforts to expand intra-African trade and investment in the continent’s automotive industry. The MoU was signed on the sidelines of the Intra-African Trade Fair 2025 (IATF2025) in Algiers by Afreximbank’s…
By Ayomide Otitoju Invest in African Energies, scheduled for September 29 to October 3 in Cape Town. His participation will center on Africa’s growing role in the global energy landscape and OPEC’s commitment to advancing the continent’s oil and gas potential. Since taking office in 2022, Al Ghais has championed Africa’s energy sector, describing its…
