GTBank Addresses Service Disruptions Amid Core Banking System Upgrade
Guaranty Trust Bank (GTBank), a prominent Nigerian financial institution, recently faced significant operational challenges during its transition to the Finacle Suite of Core Banking Application Systems. The upgrade, initiated on…
Nigeria Releases American Crypto Executive After Dropping Money Laundering Charges
In a major development, Nigerian authorities have released Tigran Gambaryan, an American cryptocurrency executive and head of financial crime compliance at Binance, after dropping money laundering charges against him. Gambaryan’s…
Nigeria’s Surging Inflation: Impacts, Causes, and Strategic Investment Responses for 2024
Nigeria’s inflation rate has recently surged to 32.70% as of September 2024, marking the first significant increase in three months. This trend has been fueled by a mix of fuel…
Belemaoil Resumes Operations at Oil Lease 55 After Three-Year Shutdown
Belemaoil Producing Limited, a leading independent oil producer in Nigeria, has resumed operations at Oil Mining Lease 55 (OML 55) after a three-year hiatus. The suspension, which began in 2021,…
PZ Cussons Cuts Dividend by 44% Following Nigerian Currency Collapse
PZ Cussons, the British consumer goods giant behind popular brands like Imperial Leather and Carex, announced a sharp 44% reduction in its dividend on September 17, 2024. The move comes…