Author: Prima News

The Central Bank of Nigeria has unveiled an ambitious plan to bring about N2.83tn currently held outside the banking system into formal financial channels and expand financial inclusion by onboarding 50 million additional Nigerians by 2028. The targets form part of the Nigeria Payments System Vision 2028 unveiled by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Monday in Abuja, as the apex bank seeks to deepen digital payments, strengthen trust in financial services, reduce cash dependence, and position Nigeria as a leading payments hub in Africa. The target is coming a few months before Nigeria’s 2027…

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies. Source link

Senator Orji Uzor Kalu has declared that the historical narrative blaming corruption alone for the collapse of the Nigerian economy is a fundamentally dangerous myth. In a detailed assessment that has sent shockwaves through political circles, the former Governor of Abia State warned that a 66-year legacy of collective, short-sighted decisions by successive leaders has done far more serious structural damage than the simple theft of public funds. The influential lawmaker, who currently represents Abia North in the Senate, hit out at decades of economic mismanagement, declaring that Nigeria has been brought to its knees by its own policy choices…

The Supreme Court on Monday dismissed a suit challenging the merger between Providus Bank Limited and Unity Bank Plc, bringing an end to legal disputes over the consolidation of the two financial institutions. A five-member panel of the court, in a unanimous judgement, dismissed the appeal seeking to upturn the judgement of the Court of Appeal. In the judgement delivered by judge Tijani Abubakar in appeal, the court held that the appeal lacked merit and ordered the appellants to pay N10 million in costs to each respondent. Beyond dismissing the appeal, the Supreme Court invoked Section 22 of the Supreme…

Nigeria’s preparations for their international friendly against Poland began on Monday as the Super Eagles officially opened camp in Warsaw. Eighteen players have arrived in camp so far, although only 16 took part in the team’s first training session on Monday evening. Among the early arrivals were goalkeepers Maduka Okoye, Francis Uzoho and Arthur Okonkwo. Experienced players including Moses Simon, Wilfred Ndidi, Semi Ajayi, Frank Onyeka and Raphael Onyedika also joined the camp. In attack, Akor Adams, Terem Moffi, Rafiu Durosinmi and Paul Onuachu were present, while defenders Zaidu Sanusi, Igho Ogbu, Bruno Onyemaechi and Emmanuel Fernandez also reported for…

Gospel music minister, Bakare Boluwatife Oluwatobi, popularly known as BBO, has tied the knot with fellow singer, Tolamise Taiwo Priscilla, in a ceremony attended by family members, friends and close associates. The couple exchanged marital vows during a church wedding held on Saturday, May 30. Gospel singer BBO Weds fellow minister Tolamise Taiwo. Credit: BBO Earlier in the day, the ‘Amin’ crooner stirred excitement on social media after publicly unveiling Tolamise as his fiancée, ending years of speculation about his relationship status. BBO has largely kept his private life away from the public eye, making the announcement the first time…

Mr Aniefiok Assian, a pastor of the Solid Rock Kingdom Church in Akwa Ibom State, shares with CHUKWUDI AKASIKE the pain of his 23-year-old son’s abduction and his hope that he will return to him hale and hearty How did you get to know about your son’s abduction? It was on December 3, 2025, that the kidnappers called us and told us that my son, Utibeabasi, had been kidnapped. They told us that we needed to pay a N30m ransom. So, we negotiated and agreed to pay N500,000. The ransom was paid into the account of one Uzo Onuoha Enterprise…

The Academic Staff Union of Universities, Benue State University branch, on Monday, ordered the commencement of an indefinite strike over non-payment of promotion arrears, among others. This was conveyed in a statement by the branch’s chairman, Dr Ali Ako and secretary, Prof Daniel Chile,  on Monday. The union said the strike was called following the failure of sustained engagement with the BSU administration, the Governing Council, and the state government on critical welfare and governance issues affecting lecturers and the university. The statement added that the union at its congress meeting held on Monday, June 1, 2026, resolved to embark…

Africa’s ambitions to become a major player in the global artificial intelligence economy could be constrained by persistent power shortages and weak infrastructure capacity, a senior Schneider Electric executive has warned. The warning comes as African governments and private investors increase focus on digital infrastructure, even as power shortages and grid instability continue to challenge long-term technology expansion plans across the continent. Speaking at the IDC CIO Summit 2026 in Sandton, Johannesburg, Vice President for Secure Power, SSA, at Schneider Electric, Steven Santini, said global technology firms are increasingly positioning Africa as an emerging frontier for AI-driven investment but warned…

Flutterwave has promoted 25% of workforce and introduced economic relief package for employees worldwide. NewsOnline Nigeria reports that Flutterwave has announced a company-wide employee recognition and support initiative that includes the promotion of 25 per cent of its global workforce, cost-of-living adjustments, tax support for employees in Nigeria, and a one-time economic relief payment for staff worldwide. The move underscores the fintech giant’s commitment to employee welfare, career development, and building one of Africa’s most people-focused technology workplaces amid rising living costs and evolving global economic conditions.  In a statement published by the company, Founder and Chief Executive Officer, Olugbenga Agboola, said the…