06 Jul
Business News, Top Stories

Resumption of International Card Usage in Nigeria (GTB, UBA, ACCESS, and others)

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After nearly three years of suspension (mid‑2022 to early 2023), major Nigerian banks—including GTBank, UBA, and Wema—have resumed international transactions on their Naira debit cards as of July 2025 (nairametrics.com). Previously halted due to forex scarcity and FX market strain, this reinstatement comes alongside improvements in foreign exchange liquidity and stabilization of clear-market rates (firstweeklymagazine.com). ? Spending Limits: What's Allowed? Most banks are granting quarterly limits of up to $1,000, broken down as follows: GTBank: $1,000 per quarter for all international transactions; ATM withdrawals abroad capped at $500 quarterly (nairametrics.com). Note: Some premium customers have reportedly received $4,000 quarterly limits—a variation likely based on profile, history, or card type (nairametrics.com). UBA: Offers $1,000 quarterly limit across its Gold, Platinum, and World Naira Cards for online, POS, and ATM use abroad (nairametrics.com). Wema Bank: Also reinstated international use with a $1,000 quarterly spend...
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INTREVIEW: Mauritania Offers Golden Opportunities for Saudi Investors: Envoy Moktar Ould Dahi
03 Jul
Business News

INTREVIEW: Mauritania Offers Golden Opportunities for Saudi Investors: Envoy Moktar Ould Dahi

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Business In an exclusive interview with Moktar Ould Dahi, Mauritania’s ambassador to Saudi Arabia, the envoy discussed the political, economic, and trade relations between the two countries. He also highlighted the investment opportunities available for Saudi businessmen in Mauritania and the incentives provided by the Mauritanian government to attract foreign investment.Political and Diplomatic RelationsQ: How do you assess the current trade, economic, and political relations with Saudi Arabia? I appreciate this chance to speak. Our political and diplomatic relations are excellent. We share similar views on many regional and international issues. Moreover, we consistently coordinate our positions on the global stage. High-level visits also demonstrate this strong bond. Our president recently met with Crown Prince Mohammed bin Salman during the Hajj. They discussed issues of mutual interest and strengthening our partnership. However, our economic relations can certainly...
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Iranian hackers could target American defense companies working in Israel, US agencies warn
03 Jul
Business News

Iranian hackers could target American defense companies working in Israel, US agencies warn

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Business dusanpetkovic/iStockphoto/Getty ImagesCNN — US defense companies doing business in Israel are at increased risk of cyberattacks from Iran despite an Israel-Iran ceasefire, American cybersecurity and defense agencies warned Monday.“Based on the current geopolitical environment, Iranian-affiliated cyber actors may target U.S. devices and networks for near-term cyber operations,” said the advisory from the Cybersecurity and Infrastructure Security Agency, FBI, National Security Agency and the Department of Defense Cyber Crime Center.US defense contractors, “particularly those possessing holdings or relationships with Israeli research and defense firms, are at increased risk,” the agencies said.Iran and Israel have for years conducted intense cyber operations against each other. US officials are increasingly concerned that US organizations with ties to Israel could be caught in the crosshairs.Iran was allegedly behind destructive cyberattacks in 2023 against organizations in the Israeli...
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Feranmi spiritual
02 Jun
Business News, Top Stories

How I Became Close To Feranmi Spiritual

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Few days ago, the story of star actor Ijebu, dating one of Lagos business moguls, The CEO Of Feranmi Spiritual Empire, Mrs. Mopelola Feranmi Danju, popularly known as Feranmi Spiritual, surfaced Online, and it generated a lot of discussion among his fans and Feranmi’s customers. City People Head Of TV, SUNDAY ADIGUN, met with star actor, Ijebu, and he shed more light on his relationship with Feranmi Spiritual. Excerpt. One person that we know is very close to you is Feranmi Spiritual. What is your relationship with her? My relationship with Feranmi Spiritual Empire started about three or four years ago. A colleague of mine, Kemi Akorede, reached out and mentioned that they were looking for influencers to collaborate with. I was intrigued and agreed to connect. When Feranmi called, she invited me to her office, and I...
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