The Corporate Affairs Commission (CAC) of Nigeria has issued a directive to 4,173 Bureau De Change (BDC) companies whose licenses were recently revoked by the Central Bank of Nigeria (CBN). These companies are required to change their names within three months or face the cancellation of their certificates of incorporation and subsequent dissolution. This directive […]

In June 2024, Nigeria’s average daily crude oil production saw a slight increase, rising to 1.276 million barrels per day (bpd) from 1.251 million bpd in May. This marginal increase of 25,000 barrels daily was reported in the Organisation of Petroleum Exporting Countries (OPEC) monthly oil market report for June 2024. The data, reflecting direct […]

Nigeria’s external reserves have seen a notable increase, reaching $35.05 billion as of July 8, 2024. This marks the highest level since May 30, 2023, when the reserves stood at $35.09 billion, just before the introduction of the foreign exchange (FX) unification policy in June 2023. This is the first time the reserves have crossed […]

Introduction Investing can often seem daunting, especially with the myriad of options available. However, one investment avenue that stands out for its reliability and impressive returns is the STANBIC IBTC Money Market Fund. This fund deserves your attention if you want a secure and profitable way to grow your savings. Why choose the STANBIC IBTC […]

New research led by Massachusetts General Hospital (MGH) suggests that physical activity can significantly reduce the risk of cardiovascular disease (CVD) by mitigating stress-related signaling in the brain. The study, published in the Journal of the American College of Cardiology, particularly highlights that individuals with stress-related conditions, such as depression, gain the most cardiovascular benefits […]

A noninvasive brain stimulation treatment has shown promise in improving depression and anxiety symptoms among older adults, according to a new study led by the University of Florida. This study indicates that transcranial direct current stimulation (tDCS) can serve as an effective, noninvasive, and drug-free option for treating depression and anxiety symptoms, conditions that affect […]