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Nigeria ranks first in Africa, 38th globally in responsible AI index

Nigeria, July 10 -- Nigeria has emerged as Africa's highest-ranked country in the 2026 Global Index on Responsible AI (GIRAI), placing 38th out of 135 countries. The country accumulated an overall sco... Read More


CBN warns against rejection of N100 banknotes

Nigeria, July 8 -- The Central Bank of Nigeria (CBN) has reiterated that both the commemorative N100 banknote and the standard N100 banknote remain legal tender in Nigeria and must be accepted for all... Read More


IMF cuts global growth forecast to 3.0%

Nigeria, July 8 -- The International Monetary Fund (IMF) has lowered its global economic growth forecast to 3.0 per cent for 2026, down from 3.1 per cent in its April 2026 forecast. In its July World... Read More


HBM Nigeria appoints Fatima Akilu, Nella Andem-Ewa as non-executive directors

Nigeria, July 7 -- HBM Nigeria Plc has appointed peacebuilding expert Fatima Akilu and former Attorney-General of Cross River State, Nella Andem-Ewa, as the company's Independent Non-Executive Directo... Read More


UBA announces Tony Elumelu's retirement, appoints Emmanuel Nnorom as chairman

Nigeria, July 6 -- United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors, effective 21 August, after serving at the bank since 2... Read More


EBRD targets $1.5bn investments in Nigeria over three years

Nigeria, July 4 -- The European Bank for Reconstruction and Development (EBRD) has set a target of investing at least $1.5 billion in Nigeria over the next three years as it expands its operations in ... Read More


AXA Mansard Insurance Plc's non-executive director resigns

Nigeria, July 2 -- Melina Cotlar, a Non-Executive Director at AXA Mansard Insurance Plc, has resigned from the Board, effective 29 May. Ms Cotlar obtained regulatory approval to join the board of the... Read More


PZ Cussons Nigeria Plc appoints new company secretary

Nigeria, July 2 -- Consumer goods manufacturer PZ Cussons Nigeria Plc has announced the appointment of Oghenekevwe Ogefere as Company Secretary, effective from 1 July. The company disclosed this in a... Read More


FULL LIST: CBN revokes licences of 46 microfinance banks

Nigeria, July 1 -- The Central Bank of Nigeria (CBN) has released the names of the 46 microfinance banks whose operating licences were revoked for failing to meet the regulatory requirements for conti... Read More


World Bank approves $1.25bn financing for Nigeria, unveils six-year growth strategy

Nigeria, July 1 -- The World Bank has approved $1.25 billion in development financing for Nigeria to support reforms aimed at accelerating economic growth, creating jobs, and strengthening private sec... Read More