Alafaa Kariboye-Igbo, fondly known as 'Oil Money,' is a remarkable figure whose journey from modest beginnings to significant success has captured the imagination of many. As we delve into his life, let's explore key aspects of his finances, family, wealth, and net worth. Finances and Entrepreneurial Ventures Alafaa Kariboye-Igbo's foray ...

In a landmark collaboration aimed at transforming car ownership in Nigeria, VFD Microfinance Bank, the driving force behind V Bank, a leading digital banking platform in Nigeria, and Autochek, an innovative automotive technology company, have formed a strategic alliance. This partnership is poised to simplify the process of securing affordable ...

Google, the global search giant, is taking a proactive step to combat misinformation and enhance transparency in the lead-up to the 2024 U.S. presidential election. The tech company has announced a mandate for verified election advertisers to incorporate "clear and conspicuous" disclosures when their advertisements feature AI-generated content, as reported ...

In the tense years of the Cold War, the United States and the Soviet Union found themselves locked in a fierce competition, not only on Earth but also in the cosmos. The launch of Sputnik 1 by the Soviets in 1957 had triggered a space race, but it wasn't just ...

Folorunsho Alakija, a name synonymous with success and resilience, is a prominent figure in Nigeria's business landscape. As the vice-chair of Famfa Oil, she has played a pivotal role in the country's oil industry, making her one of the wealthiest women in Africa. This article delves into the life, achievements, ...

The recent judgment delivered by the Presidential Election Petitions Tribunal in the case of Peter Obi versus President Tinubu has stirred a myriad of reactions and emotions across the nation. While legal decisions are often met with diverse opinions, this particular ruling has left many feeling disappointed. In this analytical ...

In a landmark decision that reverberates through Nigeria's political landscape, the Presidential Election Petitions Tribunal has rendered its judgment in the hotly contested election between Peter Obi and President Tinubu. This sweeping verdict encompasses multiple facets of the electoral tussle, offering insights into the acceptance of witnesses, and the credibility ...

The impact of climate change is not distributed equally around the world, and Africa finds itself disproportionately affected by a crisis it contributed the least to. In the midst of this, the world make a show of their pretence to solving the problem. This narrative explores how Africa bears the ...

The President-Designate of COP28, Dr. Sultan Al Jaber, has unveiled a significant financial initiative from the United Arab Emirates (UAE) aimed at bolstering Africa's clean energy potential. This announcement took place during the inaugural African Climate Summit held in Nairobi, Kenya, reflecting the growing global interest in addressing climate change. ...

Blockchain technology, often associated with cryptocurrencies like Bitcoin, has gained significant traction worldwide due to its innovative and secure approach to data management. In essence, blockchain is a distributed ledger that records transactions across a network of computers. What sets it apart is its transparency and immutability, making it nearly ...

In a digital age where the security of personal and sensitive information is paramount, Hyperspace Technologies Limited is making waves with its groundbreaking Multi-Factor Authentication (MFA) system driven by blockchain technology. Known as cipherKEY tap2sign™ MFA, this innovative security solution leverages the power of blockchain, public/private key cryptography, and Near ...

The recent announcement by the Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, regarding the repayment of outstanding forward contract debts to banks has raised questions about its potential impact on the value of the Naira against the US dollar. In this review, we delve into the ...

Recent findings by The PUNCH have shed light on Nigeria's substantial undisbursed World Bank loan, totalling approximately $8.25 billion as of July 2023. This revelation is based on data sourced from the Summary Statement of Loans/Credit/Grants available on the World Bank's official website. Some Background A closer examination of the ...

In a world that's rapidly embracing digital solutions, Nigeria has been no exception. However, this technological shift has come with its fair share of challenges, especially in the realm of international transactions. The scarcity of foreign exchange (forex) in Nigeria has left many searching for alternative payment methods, and traditional ...

The recent meeting between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan failed to breathe new life into the UN-brokered Black Sea grain deal. This agreement ensured safe passage for Ukrainian grain shipments to global markets, including Africa, the Middle East, and Asia, but had been suspended since ...

In a recent virtual religious event, the former Emir of Kano and former Central Bank of Nigeria (CBN) governor, Muhammadu Sanusi, exhibited restraint when discussing President Bola Tinubu and Nigeria's ongoing economic struggles. He tried to exonerate Tinubu from the ongoing economic woes in Nigeria, while putting the whole blame ...

In a significant development, PZ Cussons Nigeria Plc (PZCN) has unveiled a game-changing plan. The company's holding entity, PZ Cussons (Holdings) Limited, intends to acquire all outstanding shares from its shareholders at an impressive rate of N21 per share. More Details of the Plan PZCN currently boasts 3,970,477,045 shares listed ...

In what comes as a piece of good news for shareholders, Guaranty Trust Holdings Plc (GTCO) is set to distribute an interim dividend of N14.72 billion for the first half of 2023. This dividend translates to 50 kobo per share. The decision was recently put forth by the company's Board ...

In the world of economics, predicting the future is often akin to peering into a crystal ball. For a large part of 2023, this crystal ball seemed unusually bright, with the global economy outperforming expectations. The unexpected strength came from robust consumer demand and healthy labour markets, prompting economists to ...

Recent investigations have cast a spotlight on the activities of Chinese companies operating in Nigeria's financial sector, raising concerns about potential illegal activities that could undermine the integrity of the nation's financial systems. Background to the Story In recent years, Chinese firms have significantly expanded their presence in Nigeria's financial ...

On September 6, all eyes will be on Nigeria's Presidential Election Petition Court (PEPC) as it prepares to deliver judgment on the contentious February 25 presidential election. The main focus of this judgment revolves around the victory claimed by Senator Ahmed Bola Tinubu and his party, the All Progressives Congress ...

Financial inclusion in Nigeria has faced numerous challenges, hindering the Central Bank of Nigeria's (CBN) goal to increase it to 95 percent by 2024. In a report by The Guardian, a concerning issue has emerged which suggests an alleged illegal mining of customer data through point of sales (PoS) terminals ...

Mike Adenuga, a name synonymous with wealth and success, is undeniably one of Nigeria's most prominent and influential business figures. With a fortune built on the twin pillars of telecommunications and oil production, Adenuga's rise to becoming Nigeria's second richest man is nothing short of extraordinary. Early Life and Education ...

Abdul Samad Rabiu, a prominent Nigerian industrialist and entrepreneur, has left an indelible mark on the business landscape of Nigeria and beyond. As the founder and chairman of BUA Group, a diversified conglomerate with a strong focus on manufacturing, infrastructure, and agriculture, Rabiu's journey is one of resilience, innovation, and ...

In the dynamic world of finance, predicting the movements of stock markets is both a science and an art. For investors looking to seize opportunities and make informed decisions, it's essential to keep an eye on the signals that suggest a potential uptick in the stock market. Here, we present ...

In a bid to provide investment opportunities for Nigerians, the Debt Management Office (DMO) has officially opened subscriptions for Federal Government bonds. These bonds come with attractive interest rates of 11.031% for the two-year tenure and 12.031% for the three-year tenure, per annum. This disclosure was made by the DMO ...

In a significant move toward expanding its product offerings, Nigerian fintech startup Anchor has successfully raised $2.4 million in a seed round. This latest funding injection comes just a year after the banking-as-a-service (BaaS) provider secured over $1 million in a pre-seed round, bringing its total funding to an impressive ...

In a highly anticipated turn of events, the verdict on the petitions filed by the People's Democratic Party (PDP) and its candidate Atiku Abubakar, as well as the Labour Party and Peter Obi, is set to be unveiled on Wednesday, September 6, 2023. This significant development was formally announced by ...

In a recent revelation, the Department of State Services (DSS) has sounded an alarm regarding alleged plots by certain politicians to orchestrate violent protests against the Federal Government. This disclosure comes as a matter of national security, with the security agency stating that these planned protests are rooted in economic ...

In a monumental stride towards empowering Africa's youth and combatting climate change, Akinwunmi Adesina, President of the African Development Bank (AfDB), has unveiled a groundbreaking $1 billion climate adaptation initiative. Some Background to the Story This visionary project, forged in partnership with the Global Center on Adaptation, was announced during ...