Author: Ogooluwa Aremu

AfCFTA: Nigeria Targets Value-Added Exports, Deeper Intra-African Trade The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has reaffirmed Nigeria’s commitment to leveraging the African Continental Free Trade Area (AfCFTA) to expand value-added exports and deepen intra-African trade. The minister made this known at the AfCFTA P3 Sub-national Engagement for the North-West geopolitical zone in Kano, on Monday. Oduwole said Nigeria’s participation in the Agreement was both strategic and imperative, noting that the country had recorded measurable progress since ratifying AfCFTA in 2020. She highlighted key milestones, including the inauguration of the AfCFTA Central Coordination Committee, gazetting of tariff…

The euro (EURUSD) climbed to $1.17 on Monday as the US dollar rally slowed amid a new proposal from Iran that could end the Middle East war, while markets awaited economic data releases.

XRP Price About to Wake Up As Institutions Move Treasury Debt Via XRPL, Varntix Onboards Thousands Fresh momentum is building around XRP as institutions start moving real capital onto the XRP Ledger. More than $333 million in U.S. Treasury debt has already been tokenised, showing a shift from speculation to real-world use. While XRP is focused on long-term institutional adoption, Varntix is getting attention in a different way by onboarding thousands of users and turning idle crypto into regular income. In a market where future potential isn’t always enough, Varntix is positioning itself as a simple way to earn more…

The African Development Bank (AfDB) says Africa can mobilise up to 1.43 trillion dollars annually from domestic resources with the right policy and institutional reforms.

The Federation Account Allocation Committee (FAAC), has shared N2.036 trillion among the Federal Government, states and the Local Government Councils (LGCs).

Oil Dispute: Court Dismisses Suit against Petroleum Minister, Others The Federal High Court in Abuja on Monday dismissed a suit filed against the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, challenging the proposed allocation of four oil fields. Justice Emeka Nwite, in a ruling on the preliminary objections filed by the defence, held that the suit was incompetent. Justice Nwite held that the plaintiffs, having failed to serve the defendants with a valid pre-action notice in compliance with Section 308 of the Petroleum Industry Act (PIA), 2021, robbed the court off the jurisdiction to hear the suit. He…

Efficiency Over Scale: NOVA Bank Redefines Customer-Centric Banking in Nigeria NOVA Commercial Bank has unveiled a bold strategic direction for Nigeria’s banking industry—one anchored not on size, but on efficiency, trust, and customer preference. Speaking at an exclusive media parley in Lagos at the weekend, the Bank’s Chairman, Phillips Oduoza, alongside Managing Director/Chief Executive Officer, Jude Anele, articulated a clear vision centered on superior customer experience, relationship-driven banking, and robust corporate governance. The engagement also formally signaled the successful completion of the Bank’s transition from a merchant bank to a full-service commercial institution, underpinned by strong recapitalization. “Our ambition has…

The money market rates closed on a mixed note, as deposit money banks’ placements at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window were offset by some operators borrowing.

The MTN Nigeria Communications Plc has temporarily suspended its airtime and data lending service, “Xtratime”, following new regulations introduced by the Federal Competition and Consumer Protection Commission (FCCPC).

 Ecobank Nigeria, a subsidiary of the leading Pan-African financial services group, Ecobank Group, has announced the fifth edition of the Adire Lagos Experience, its flagship cultural and creative industry showcase.