Amaka Agwulonu

Sep 25, 2024 | businessday.ng | Amaka Agwulonu |Chiamaka Agwulonu |Muhammed Akanji

By 2026, the Central Bank of Nigeria (CBN) has mandated a new recapitalisation requirement for Deposit Money Banks (DMB), marking a pivotal point in the annals of the nation’s financial trajectory. The directive is aimed at strengthening the capital base of Nigerian banks, ensuring their stability, resilience, and capacity to navigate global and domestic financial headwinds.

Jun 24, 2024 | businessday.ng | Amaka Agwulonu

UBA’s expansion bet across Africa and selected markets in Europe, the Middle East, and America is paying off as the lender’s subsidiaries report a near six-fold jump in revenues in six years. Revenues from UBA’s Africa (excluding Nigeria) and rest of the world operations climbed to N928.6 billion in 2023 from only N163 billion in 2017, marking a 469.7 percent surge, according to data obtained from the lender’s financial statement.

May 23, 2024 | businessday.ng | Amaka Agwulonu |Muhammad Akanji |Chiamaka Agwulonu

Nigeria, like the rest of the world, grapples with escalating economic challenges stemming from the lingering effects of the COVID-19 pandemic, heightened geopolitical tensions in Europe and the Middle East, as well as the strains on global supply chains. Compounded by the impacts of climate change, particularly extreme weather events, Nigeria’s economy, heavily reliant on primary production, faces heightened vulnerabilities.

May 22, 2024 | businessday.ng | Amaka Agwulonu

…Marks International Day for Women in MaritimeDayo Mobereola, director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), has lauded the contributions of Nigerian women to the development of the maritime sector.