By Ayomide Otitoju In an article titled “Are We Entering a Fully Digital Financial Economy?”, Oke said every major financial innovation, from paper currency to online banking and blockchain technology, has been designed to solve the challenge of enabling trust between people who have never met. According to him, the current financial revolution is not simply…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) has clarified that both the standard ₦100 banknote and the commemorative ₦100 note remain legal tender and must be accepted for all transactions across the country. The clarification followed reports that some individuals, businesses and other stakeholders have been rejecting the standard ₦100 note over concerns…
By Ayomide Otitoju UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Group, has partnered with Slum2School Africa to provide financial literacy education for underserved children, equipping them with essential money management skills from an early age. The initiative featured a hands-on financial literacy workshop centred on the UBA Money Explorers Book,…
By Ayomide Otitoju President Bola Tinubu and Lagos State Governor Babajide Sanwo-Olu have called on Civil Society Organisations (CSOs) and Community-Based Organisations (CBOs) to embrace patriotism, accountability and stronger partnerships in advancing Nigeria’s sustainable development. The leaders made the call at the National Summit of Civil Society Organisations and Community-Based Organisations held in Lagos on…
By Ayomide Otitoju Fidelity Bank Plc has joined the $3 billion Contractor Finance Facility launched by Shell Nigeria Exploration and Production Company Limited (SNEPCo) in partnership with nine leading banks to boost financing for indigenous oil and gas contractors. The facility, unveiled in Lagos, is designed to provide credit support in both naira and…
By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu and the Minister of Works, David Umahi, have dismissed claims that the ongoing Lagos-Calabar Coastal Highway is responsible for flooding in parts of Lagos, describing the allegations as false and misleading. The duo spoke during a courtesy visit by the minister and members of the National Assembly…
Pope Leo XIV on Saturday visited the Italian island of Lampedusa, one of Europe’s main entry points for migrants crossing the Mediterranean from Africa, in a trip widely seen as a renewed call for more humane migration policies. The visit coincided with the United States’ 250th Independence Day celebrations and came amid growing international debate…
The Rural Electrification Agency (REA) has signed a landmark Memorandum of Understanding (MoU) with the Jigawa State Government, the Nigerian Commodity Exchange (NCX), and Astound Power Limited to deliver 7 megawatts (MW) of electricity to support agro-industrial development across seven states. According to a statement by the REA, the agreement was signed during the Jigawa…
The Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has threatened a ₦10 billion defamation lawsuit against Adeniyi Adeyemi, who claims to be the Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), over allegations of bribery and murder. In a letter signed by his lawyer, Kemi Pinheiro, Gbajabiamila gave Adeyemi 72 hours to…
