By Esther Ososanya In a decisive move toward building a truly unified African financial market, the Kingdom of Morocco has joined the Pan-African Payment and Settlement System (PAPSS), becoming the 17th country to formally integrate into the pioneering platform. With Bank Al-Maghrib, the Moroccan central bank, officially signing the PAPSS membership agreement, the development marks …
By Esther Ososanya As BRICS leaders gathered for a high-stakes summit in Rio de Janeiro on Sunday, U.S. President Donald Trump escalated tensions by announcing a proposed 10% tariff on countries aligning with what he called the group’s “anti-American policies”. The threat, posted on his Truth Social account, comes as the bloc which now includes …
By Esther Ososanya The Central Bank of Nigeria (CBN) has clarified that Bank Verification Number (BVN) registration remains free for all Nigerians residing in the country, amid widespread concerns over alleged new charges. Reacting to viral reports suggesting a hike in BVN-related fees, the bank on Friday confirmed that the $50 charge applies only to …
By: Ubong Usoro The Nigerian government recently issued a directive to all foreigners who have overstayed their visas until August 1, 2025, to either regularise their stay or leave the country. Minister of Interior, Dr Olubunmi Tunji-Ojo, who made the announcement, said the ministry has opened a window for compliance, adding that anyone who fails …
By Esther Ososanya Africa’s path to industrialisation continues to be blocked by two stubborn barriers: poor electricity access and erratic government policies, according to the verdict from Africa’s leading industrialist, Alhaji Aliko Dangote, who, alongside philanthropist Tony Elumelu and former President Olusegun Obasanjo, laid out a bold, solution-driven agenda to unlock the continent’s economic potential. …
By Esther Ososanya Africa holds over $4 trillion in untapped domestic capital, much of which lies idle while the continent battles a massive infrastructure deficit, according to Mr. Samaila Zubairu, President and CEO of the Africa Finance Corporation (AFC). Zubairu issued this charge during a plenary session on Thursday at the ongoing 32nd Annual General …
