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The Central Bank of Nigeria (CBN) pumped a net N5.21 trillion into the banking system over the past week, with a single N2.48 trillion Open Market Operations (OMO) repayment on August 11, the week’s largest one-day liquidity injection. The post…
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In late 2013, an intrusion quietly took shape inside the network of Target, one of America’s largest retailers. The breach ultimately exposed the payment card data of roughly 40 million customers and personal information belonging to about 70 million people.…
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By partnering with leading energy experts like Starsight Energy, forward-thinking financial institutions can free up vital capital for core banking initiatives, secure contractually guaranteed uptime, improve EBITDA, and successfully refocus their organisational energy on driving commerce and winning the market.…
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The Nigeria Data Protection Commission has commenced a forensic investigation into the University of Lagos, Lotus Bank, and technology company Hackerbella Ltd over allegations that students’ personal data were used to open bank accounts without their knowledge or lawful basis.…
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The Federal Government is considering changes to crude allocation and pricing rules to improve feedstock access for Nigerian refiners, including the Dangote Refinery, the Crude Oil Refinery-owners Association of Nigeria (CORAN) has said. The post FG considers new crude rules…
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Shoprite Holdings says South Africa generated 85% of its group supermarket sales during the 52 weeks ended June 28, underscoring how heavily Africa’s largest supermarket chain still relies on its home market despite growth across other African operations. The post…
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The Naira remained range-bound against the British pound, settling at N1,843/£1 as midweek official market trading opened. The post Pound stays below N1,850 as traders brace for US inflation data appeared first on Nairametrics.
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Read moreNigerian equities market opened the week on a strong footing on Monday, with the benchmark NGX All-Share Index (ASI) rising 1.21 per cent to a fresh record high of 248,529.75 points, as renewed buying interest lifted total market capitalisation by…
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When Tony O. Elumelu, steps down as Group Chairman of United Bank for Africa (UBA) on August 21, 2026, it will mark the end of one of the most defining chapters in modern African banking. Retiring after completing the maximum…
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