FCMB’s Gross Earnings Rise 54% on Strong Net Trading Income
FCMB Group Plc has reported an impressive 54 percent surge in its gross earnings for 2024, driven largely by robust growth in net trading income. According to data obtained from
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Access Bank Nigeria partners Integral to boost FX trading capabilities
Access Bank Nigeria has teamed up with currency technology provider Integral to “help deliver on its regional expansion ambitions”. Access Bank selects Integral for FX trading upgrade Through the collaboration,
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Naira Nears Exchange Rate Convergence as Gap Shrinks to N70
The Nigerian naira is inching closer to a convergence at both the official and parallel markets, with only a N70 difference between the two exchange windows. While the naira continued
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Mass Atrocity in Goma: Over 150 Female Inmates Raped and Burned to Death During Jailbreak, UN Reports
More than 150 Female Inmates Raped and Burned to Death During Goma Jailbreak in DRC, UN Reports GOMA, DRC — More than 150 female prisoners were raped and burned to
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South Africa Stands Firm Against U.S. Criticism
On Thursday, South African President Cyril Ramaphosa declared that his country “will not be bullied,” responding to U.S. President Donald Trump’s recent threat to cut off funding over South Africa’s
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Second Federal Judge Blocks Trump’s Executive Order to End Birthright Citizenship
By Okafor Joseph AfamFebruary 6, 2025 A second federal judge has dealt a significant blow to President Donald Trump’s executive order aimed at ending birthright citizenship, reinforcing the ongoing legal
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University of Uyo Professor Sentenced to Six Years in Prison for Electoral Fraud
An Akwa Ibom State High Court in Uyo has sentenced Professor Ignatius Uduk, a former Collation/Returning Officer for the Essien Udim State Constituency during the 2019 general elections, to six
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IBM Exits Nigeria After 50 Years, Joins Growing List of Multinationals Leaving Country
By Okafor Joseph Afam | February 6, 2025 American technology giant International Business Machines (IBM) has exited Nigeria, marking another major multinational departure from the country. IBM, which had operated
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Import Costs to Rise as Customs Imposes 4% FOB Charge, Sparking Business Concerns
By Okafor Joseph Afam | February 6, 2025 Importing goods into Nigeria is about to become more expensive as the Nigeria Customs Service (NCS) has imposed a four percent charge
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Naira Gains as Parallel Market Nears Official Rate on CBN Reforms
By Okafor Joseph Afam | February 6, 2025 The gap between Nigeria’s official foreign exchange (FX) rate and the parallel market is narrowing, driven by policies implemented by the Central
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