President Bola Tinubu has directed some of his ministers and other political appointees to resign between the space of two weeks and gave reason for the move.
The CBN restricts phone number changes for BVNs to combat fraud, enhancing security with a new watchlist for suspicious activities in Nigeria's digital payments.
The potential abuse of consumer AI tools is raising concerns, with budding cybercriminals apparently able to trick coding chatbots into giving them a leg-up in producing malicious programmes. He announced in March that he had found a technique to get chatbots to produce code that would normally infringe on their built-in limits.
Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an "undisclosed romantic relationship with a direct subordinate". "The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestle's code of business conduct," a statement said.
The Corporate Affairs Commission (CAC) has postponed the commencement of the new service charges to October 1, 2025, as it battles system glitches.
British fintech company Revolut has been valued at $75 billion in a secondary share sale, placing it in the leagues of Europe's biggest traditional banks, a source told AFP Monday. A source close to Revolut said on Monday that it is allowing employees to sell shares at a valuation of $75 billion, significantly higher than its previous $45 billion valuation.
A new report has listed the four African countries with the highest number of millionaires and centimillionaires in 2025, with Nigeria having 70,600 on the list.
Mauritania's former economy minister Sidi Ould Tah took office Monday as head of the African Development Bank, vowing to build a "robust and prosperous" continent despite US aid cuts. The 60-year-old was Mauritania's economy minister from 2008 to 2015 before heading the little-known Arab Bank for Economic Development in Africa for a decade.
Thousands of Bosnian truck drivers halted deliveries across the country on Monday, threatening to block goods until their demands for more flexible travel conditions and greater support within the European Union are met.
Point-of-sale (PoS) operators have warned the Central Bank of Nigeria against the hasty implementation of geo-tagging all terminals in Nigeria in 60 days.
Chinese ecommerce giant Alibaba soared on Monday but Asian and European markets were mixed after Wall Street retreated from record highs. On Friday US stocks fell, with the Dow and S&P 500 retreating from record highs ahead of the long Labor Day weekend.
Economy
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