Central Bank of Nigeria (CBN) has announced an upward review of the minimum capital requirements for commercial, merchant and non-interest banks. In a statement on Thursday, CBN said the increase was necessary due to prevailing macroeconomic challenges and headwinds occasioned by external and domestic shocks. The statement was signed by Haruna Mustafa, director, financial policy and regulation department. According to the apex bank, the upward review will enhance their resilience, solvency and capacity to continue to support the growth of the Nigerian economy. CBN increased the capital base for commercial banks with international licences to N500 billion, while national and…

Elon Musk has announced new changes to social media platform X (formerly Twitter) that will allow certain accounts to unlock free premium features. Posting on the platform Thursday, the 52-year old tech billionaire, and TIME’s 2021 Person of the Year, said: “Going forward, all X accounts with over 2500 verified subscriber followers will get Premium features for free and accounts with over 5000 will get Premium+ for free.” Previously, X Premium features would cost a user $8 per month and include the ability to share longer posts and video uploads, have larger reply prioritization, and see fewer adverts on their…

Chioma Okoli, a 39-year-old entrepreneur from Lagos, is being prosecuted and sued in civil court for allegedly breaching the country’s cybercrime laws, in a case that has gripped the West African nation and sparked protests by locals who believe she is being persecuted for exercising her right to free speech. What did she say? Okoli, a small-scale importer of children’s wear, told CNN that on September 17 she asked her 18,000 followers on Facebook to share their opinions about a tomato puree she bought in place of her usual brands, saying she found it too sweet. Her post, accompanied by…

You see it all the time in business: people who are vocal about their achievements, who assert their opinions, and who have a certain swagger. The person may be a boss, a coworker, or an employee. But how can you tell if the person’s behaviors come from a place of confidence or cockiness? What’s the difference? And why does it matter? The whole key to a cocky person’s persona is that they exude confidence that masks inadequacy. Cocky people don’t have the ability to perform at the level required, so they have to make themselves look good through arrogant, boastful…