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Jan 15, 2025 | 
businessday.ng | Chiamaka Agwulonu |Muhammed Akanji
Picture a young girl in a rural community, her dreams tethered by the limitations of an underfunded education system. With dilapidated classrooms and under-resourced teachers, her potential remains largely untapped. This scenario is not just a story; it is the reality for millions of Nigerian children who deserve better. In the grand tapestry of a nation’s future, the threads of education are woven with care and intention, shaping the very fabric of society’s existence.
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Dec 11, 2024 | 
businessday.ng | Chiamaka Agwulonu |Muhammed Akanji
It is trite that Nigeria’s economy faces significant challenges due largely to elevated inflationary pressure, the removal of subsidies, and currency rate devaluation, all of which have severely impacted household well-being. Other challenges include rising farmer-herder clashes, natural disasters, and greed-induced factors.
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Oct 24, 2024 | 
businessday.ng | Chiamaka Agwulonu |Muhammed Akanji
Nigeria’s banking sector has long been a critical part of the nation’s economy, driving financial inclusion, business growth, and access to capital. Over the years, the sector has undergone significant reforms aimed at modernising operations, enhancing digital transactions, and aligning with global banking standards.
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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.
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Aug 28, 2024 | 
businessday.ng | Chiamaka Agwulonu
In the bustling streets of Lagos, the scene is a familiar one for many residents. Lines of cars snake around corner filling stations, their drivers anxiously waiting for the chance to fuel up. But as the hours tick by and fuel remains elusive, a different kind of market springs to life just around the corner. There, along less-travelled alleys, unofficial petrol vendors set up shop, offering fuel at prices well above the official rate.
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Aug 19, 2024 | 
businessday.ng | Chiamaka Agwulonu |David Ijaseun
Nigerian banks are increasingly finding themselves in the crosshairs of cybercriminals, with incidents of cyberattacks on financial institutions rising significantly. Recently, Guarantee Trust Bank Plc (GTBank) confirmed an attempted hack on its website, just a day after renewing its domain name. This attack, which temporarily disrupted online services, raised concerns among customers about the potential compromise of sensitive data.
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Jul 24, 2024 | 
businessday.ng | Chiamaka Agwulonu
The Federal Government of Nigeria has reversed its earlier directive prohibiting candidates under the age of 18 from gaining admission into tertiary institutions. This change was announced by Prof. Tahir Mamman, the Minister of Education, during the 2024 policy meeting of the Joint Admissions and Matriculation Board (JAMB) held in July in Abuja. Initially, Mamman had unilaterally declared that from this year, JAMB would only admit students who are 18 years old and older.
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Jun 4, 2024 | 
businessday.ng | Chiamaka Agwulonu |Muhammad Akanji
Celebrating 25 years of uninterrupted civil rule in Nigeria is a significant milestone. This highlights the nation’s progress in not only restoring but also maintaining democracy and the efforts of its citizens to uphold democratic values. During this period, Nigeria has witnessed numerous elections, peaceful transitions of power, and ongoing efforts to strengthen democratic institutions.
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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.
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May 8, 2024 | 
businessday.ng | Muhammad Akanji |Chiamaka Agwulonu
Globally, Chief Financial Officers (CFOs) play a pivotal role in the financial landscape, serving as key architects of financial strategies and operational success. Positioned at the management forefront, they oversee critical functions such as financial planning, risk management, and investment strategies. Additionally, they manage finance and accounting divisions, ensuring the accurate and timely completion of financial reports.
