The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening the financial sector by enhancing regulatory oversight, improving risk management frameworks, and ensuring strict compliance with global banking standards. In a rapidly evolving financial landscape, the apex bank said it was taking decisive steps to prevent financial crimes, maintain transparency, and reinforce public confidence in the Nigerian banking…
Nigeria, Africa’s largest economy, is facing a daunting challenge of insecurity. The country’s evolution from armed robbery to complex threats like kidnapping, terrorism, and cybercrime has worsened insecurity, particularly in the Northeast and Northwest. This has significantly impacted businesses operating in Nigeria, making it essential to understand the economic impact of insecurity with a view to identifying strategies to mitigate…
The Nigeria-South Africa Chamber of Commerce (NSACC) has taken a significant step towards strengthening bilateral relations between Nigeria and South Africa. A delegation of seven board/ExCo members of the Chamber, led by Chairman Dr. Ije Jidenma, paid a courtesy visit to the South African Embassy in Lagos. The visit which took place recently, was aimed at fostering closer ties between…
A KwaZulu-Natal aluminium alloys manufacturing company, Bingelela Alloys, which is based in Richards Bay, is a perfect example of the objectives that the South African Automotive Master Plan 2035 has set to achieve. These include increasing local content in vehicles assembled locally, doubling employment, achieving industry transformation across the value chain, and deepening value addition across selected commodities. Bingelela manufactures…
South Africa’s Presidency of the G20 is a first for the African continent and provides a platform for the African continent’s voice to be better heard, writes Neo Semono. South Africa took over the Group of 20 baton from its fellow BRICS sister country Brazil. While the G20 is an international forum of developed and developing countries seeking solutions to…
