Business

Many businesses have rushed to adopt AI tools on the assumption that faster always means better. But speed alone does not prove value.  If you are not measuring what AI is saving, improving, or earning for your business, then you have no clear way to tell whether it is driving…

The Central Bank of Nigeria has introduced new baseline standards for automated anti-money laundering systems across banks and other financial institutions, as part of efforts to strengthen oversight and improve the detection of suspicious financial activity. Under the new directive, Deposit Money Banks have 18 months from March 10, 2026,…

Nigeria’s Federal Government has halted the issuance of licenses for importing Premium Motor Spirit (PMS), commonly known as petrol. This policy change aims to strengthen domestic refining capacity and reduce the country’s longstanding dependence on imported fuel. The decision represents a major turning point in Nigeria’s petroleum sector as officials…

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered the reintroduction of a hybrid payment system at Nigeria airports. This system will allow motorists to pay with both cash and electronic methods. The decision came after the suspension of a cashless-only policy, which caused severe traffic congestion. The…

A Federal High Court in Lagos has ordered the permanent forfeiture of N81.1 million to the federal government in favour of Sterling Bank Plc, after the funds were traced to customers who exploited a technical fault in the bank’s systems to steal money. Justice Yelim Bogoro issued the ruling on…