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Discover the True Titans of Old Money: 10 Nigerian Fortunes Built Before 1960
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The culture of accumulating wealth in Nigeria did not originate in the 21st century, nor was it even born in the 20th century. Long before independence in 1960, Nigerians were already amassing fortunes through trade, enterprise, and innovation. These early titans of commerce laid the foundation for Nigeria’s modern economy long before oil wealth.…
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AY Makun Vows to Champion Naira’s Honor Following EFCC Summons
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Stand-up comedian and actor Ayo Makun, popularly known as AY, has shared details of his recent invitation by the Economic and Financial Crimes Commission (EFCC) concerning claims of Naira misuse. On Wednesday, in an Instagram post, AY disclosed that he had been interrogated on May 5, 2025, regarding the public dispersal of both domestic…
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Why Financial Institutions Must Step Up as Today’s Consumers Get Savvier
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Editor’s Note: This engaging piece features Absa Bank Kenya’s head of consumer banking who emphasizes that financial organizations need to be alert regarding how they deliver their services to clients. According to his viewpoint, those times have passed where customers cared only about basic quality. Providing superior customer service is now crucial. This change…
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Chinese Shoppers Spend Avg. $79 Per Person This Holiday Season
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During the May Day holiday, Chinese travelers increased their expenditures by 8% compared to the previous year, reaching 180.27 billion yuan (approximately US$24.92 billion). However, this figure remained below pre-pandemic levels. Additionally, China’s service sector experienced growth at its lowest rate in seven months throughout April. The May Day holiday, one of the country’s…
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EFCC Interrogates Iyabo Ojo Over Currency Spraying Scandal at Daughter’s Wedding
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Iyabo Ojo, the Nollywood star and director, has finally spoken out after being invited by the EFCC concerning the incident involving cash sprinkling at her daughter’s recent marriage ceremony. Ojo stated through an Instagram post that she complied with the EFCC’s request and went to their Lagos branch on May 5, 2025, following her…
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Asian Currencies Soar: A Crisis Reversed
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A surge in dollar selling across Asia is a worrying indicator for the US currency, particularly as the global leader in exports begins to reconsider the long-standing practice of channeling its substantial trade surplus into American financial assets. The strong performance of the Taiwanese dollar on Friday and Monday has created ripples, leading to…
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NPRA Chief Pushes for Shift to Alternative Investments
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The CEO of National Pensions Regulatory Authority (NPRA), Christopher Boadi-Mensah, has advocated for a fresh strategy regarding the nation’s pension investment tactics. He emphasized the importance of embracing alternative investments to reduce risks and promote overall economic growth. Addressing the fifth installment of The Money Summit In Accra, Mr. Boadi-Mensah stated that the increasing…
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Dollar Edges Up Slightly Against Dong – International Edition (English)
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On Tuesday morning, the U.S. dollar saw a slight increase against the Vietnamese dong. Vietcombank increased its rate by 0.07%, raising it to VND26,160. The State Bank of Vietnam reduced its reference rate by 0.02% to VND24,938. On the black market, the exchange rate for the dollar stood at VND26,530, marking an increase of…
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The Future Unveiled: Visa Launches a New Era of AI-Powered Commerce
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At the Visa Global Product Launch, the future of retail is showcased through cutting-edge AI-driven enhancements enabling customers to discover and purchase items using artificial intelligence technology. Additionally, this event highlights groundbreaking alliances and novel product developments. As new payment methods develop, they require a network that is constantly available—secure, safeguarded, expandable, and continuously…
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Locked Billions: South Korea’s Dementia-Linked Assets Spark Legal and Economic Concerns
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As South Korea faces an aging populace, the nation is grappling with a growing economic and legal issue: the significant amount of assets owned by individuals suffering from dementia, which are typically kept out of reach and unused. These so-called “dementia money” holdings—tied up in real estate, bank accounts and other financial instruments—are raising…