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On Saturday, one of Nigerian wealthiest investors Tony Elumelu caused stirs on Twitter, formerly X, after posting some of his moves during a physical exercise in his multi-million Naira gym area. The 61-year-old philanthropist is seen with his head on the floor, bending his lower body and legs to touch the ground. He posted, “Yoga

Eterna PLC has been appointed as domestic distributor of Dangote Petroleum Refinery products. “We are proud to be appointed as an official distributor of Dangote Refinery domestic sales in Nigeria,” a statement signed by the company’s secretary Mandella Golkus says. This announcement by the leading integrated energy providers in Nigeria comes days after Dangote Refinery

Four Nigerian banks – Access, Providus, Sterling and First Bank – are collaborating with others to unveil cNGN token, a new stablecoin aiming to take decentralized finance to a new level. They are to operate under the name, “Africa Stablecoin Consortium (ASC)”. ASC is a consortium of Nigerian financial institutions, fintechs, and blockchain experts. The

After 34 months of its anti-cryptocurrency policy, Nigeria’s apex bank has lifted ban on cryptocurrency ban, saying all financial institutions can now support and facilitate crypto-related transactions. Its latest operational guidelines on Virtual Assets Service Providers (VASPs) to all banks and other financial institutions (OFIs) is a shift from its autocratic policy against crypto, even

Olayemi Cardoso, the new CBN Governor said there is need to restore the independence and credibility of the Nigeria’s apex bank. He said this Tuesday during his screening by Senate in Abuja. “In refocusing CBN to its core mandate, there is need to pull the CBN back from direct development finance interventions into more limited