Understanding the CBN’s New Forex Circular: What It Means for Nigerians

On October 2, 2024, the Central Bank of Nigeria (CBN) announced a major shake-up in the way foreign exchange (forex) transactions will be conducted in the Nigerian market. If you’ve ever wondered why forex seems so confusing—or why it sometimes feels like it works against the everyday person—this new system, called the Electronic Foreign Exchange…

ByInnocent AmadiOctober 6, 20242Comments

Opinion

AI Skills Will Define the Future of Work, Says Lanre Basamta of Optimus AI Labs

In a rapidly changing job market, Lanre Basamta, co-founder and CEO of Optimus AI Labs, has offered a fresh perspective on the impact of Artificial Intelligence (AI) on employment. Speaking at the FirstBank Nigerian Fintech Festival, Basamta emphasized that while AI is transforming industries, it is not the technology itself that threatens jobs, but the…

ByEmmanuel DanijiSeptember 30, 20240Comments

Featured Story Opinion People

The Impact of a Five-Day Internet Downtime on Remote Workers in Nigeria

For Tobi, the five-day internet downtime was a disaster. Her role as a Social Media Manager revolves around constant interaction with her brand’s followers,

ByEmmanuel DanijiAugust 8, 20240Comments