From Marcus Nkire The Central Bank of Nigeria (CBN) has issued a sweeping directive ordering banks, payment-service institutions and other licensed financial operators to immediately take down any advertisements that could mislead customers or breach existing consumer-protection rules. The directive follows a regulatory review that uncovered a pattern of marketing practices the apex bank described…
By Marcus Nkire Nigeria’s foreign reserve has climbed above $46 billion, the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed. Cardoso revealed the new figure while addressing stakeholders in Abuja, noting that the steady rise in external reserves reflects renewed confidence in the Nigerian economy and the impact of ongoing monetary…
By Anita Coker Amazon outperformed Wall Street expectations in the first quarter of 2025, reporting $155.7 billion in revenue and $17.1 billion in net income. Despite the strong showing, shares fell over 2% in after-hours trading due to a weaker-than-expected Q2 forecast. Earnings per share came in at $1.59, ahead of analyst projections of $1.37,…
