A non-profit insurance organisation, Transparent Protection Ltd/GTE, has said the management of the National Insurance Commission (NAICOM) should consider urgent reforms including staff rationalisation, relocating its...
In a bid to rid virtual assets space of illegal trading activities, the Securities and Exchange Commission (SEC) has said that it will go all out...
Four months into the 2024 fiscal year, the federal government is yet to begin implementation of the capital component of the 2024 national budget which has...
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has called for increased capacity building...
The Central Bank of Nigeria (CBN) has initiated the sale of $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at...
The World Bank is yet to consider the approval of the federal government’s $2.25 billion loan application, which the government said would provide crucial support to...
Three revenue Generating Agencies: Nigerian Upstream Petroleum Regulatory Commission (NUPRC); Nigeria Customs Services (NCS) and the Federal Inland Revenue Service (FIRS) have collected the sum of...
The Federation Account Allocation Committee (FAAC) has disbursed a total of N1,123.391 billion as Federation Account Revenue for March 2024 to the federal government, states, and...
The Nigeria Sovereign Investment Authority (NSIA) has charted its course for 2024, outlining strategic priorities aimed at bolstering its foundational operations, workforce, and overall effectiveness. the...
The Securities and Exchange Commission (SEC) has announced that the Capital Market Committee (CMC) is set to convene virtually on Thursday, April 18th, 2024, for its...
Nearly 55 million people in West and Central Africa, including Nigeria, Niger, Senegal, Benin, Burkina Faso, Cape Verde, Chad and Togo will struggle to feed themselves...
Mrs. Oyinade Folashade Thomas, wife of the Commissioner for Insurance/chief executive officer (CEO) of the National Insurance Commission (NAICOM), Sunday Thomas, has died. She passed away...
Federal government has commenced the process of repatriation of foreign denominated assets into the formal financial sector of the economy as part of efforts to boost...
The Nigerian Economic Summit Group (NESG) in partnership with the African Climate Foundation (ACF) has held a private sector stakeholder engagement towards a successful energy transition...
The Nigeria Customs Service (NCS) has said it encountered several systemic challenges that impeded its ability to fulfil its statutory responsibilities effectively in the first quarter...
The Nigeria Customs Service (NCS) has said that it generated the sum of N1.347trillion revenue between January and March 2024, surpassing monthly average revenue target of...
The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the past few days indicates that its monetary policy...
The Nigeria Sovereign Investment Authority (NSIA) has announced its audited results for 2023 financial year, posting comprehensive income of N1.18 trillion for 2023, a growth of...
The Nigeria Sovereign Investment Authority (NSIA) has announced its audited results for 2023 financial year, posting a recorded 11 consecutive years of positive earnings with a...
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the nation’s financial system, the Central Bank...
Contrary to social media reports making the rounds on Facebook and X (formerly Twitter), claiming that a US Dollar was exchanging for between N900 and N1,000...
Nigeria’s insurance industry recorded a significant improvement in real terms as the market recorded total assets of N2.67 trillion and capitalisation of N851 billion in 2023,...
The Association of Nigerian Women Business Network (ANWBN), in partnership with Unity Bank, has empowered over 5,000 women-led enterprises across all 36 states in Nigeria. Divisional...
The Central Bank of Nigeria (CBN) has said that it refused to validate the outstanding $2.4 billion Forex forward transactions because they were ineligible for forex...
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent in a continued chase to tame...
Nigeria’s insurance industry recorded a significant improvement in real terms as the market recorded total assets of N2.67trillion and capitalization of N851billion in 2023, according to...
The Central Bank of Nigeria (CBN) has issued a circular addressed to Bureau De Change operators (BDCs), revealing that each BDC has been allocated $10,000 at...
In a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, the Federal Government has initiated criminal proceedings against Binance,...
The managing director and CEO of the Nigeria Deposit Insurance Corporation (NDIC) Mr. Bello Hassan, has said the corporation is committed to ensuring that people who...
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling a key pledge of the CBN...
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling a key pledge of the CBN...
The Nigeria Customs Service (NCS) has taken a proactive stance by spearheading an Authorised Economic Operators (AEO) programme aimed at enhancing the efficiency and predictability of...
The Debt Management Office (DMO) has clarified recent news reports alleging the appointment of transaction advisers for a potential Eurobond issuance by the federal government, saying...
Inflationary pressure in Nigeria has continued on a rise with the National Bureau of Statistics (NBS) data showing that headline inflation rate increased to 31.70% relative...
The federal government has said a total of N160 billion was voted for consumer credit and implementation of student loan scheme in the 2024 national budget....
The Development Bank of Nigeria (DBN) has announced the disbursement of over N700 billion in loans to entrepreneurs, with N137 billion allocated to women and female-owned...
The Central Bank of Nigeria (CBN) has reported an increase in foreign exchange inflow into the economy in February 2024, with increments in remittance payments by...
President Bola Tinubu should reshuffle his cabinet before his administration clocks one year in office if he must succeed with the economic targets he has set...
The Central Bank of Nigeria (CBN), has successfully concluded a sale of government securities, issuing N1.053 trillion (US$680 million) in short-term instruments as part of its...
The Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureaux De Change Operators. The list of affected BDC operators was released...
A social political group, Agbor Stakeholders Forum has described former governor of the Central Bank of Nigeria, Mr Godwin Emefiele, as one of the most competent...
Former deputy governor of the Central Bank of Nigeria, Professor Kingsley Moghalu, has given a snippet of the issues that would headline his discussion as the...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the bank’s foreign reserves have risen to $34 billion in recent times, pointing...
President Bola Tinubu has approved the appointment of Mr. Ibrahim Khalil Gaga as Executive Director, Corporate Services, at the Nigerian Export-Import Bank (NEXIM). The appointment was...
The Central Bank of Nigeria (CBN) has increased the monetary interest rate by 400 basis points, taking the interest rate benchmark to 22.75 per cent from...
On Thursday, President Bola Ahmed Tinubu appointed a new Managing Director signifying the end of Ahmed Lawan Kuru’s tenure as the Managing Director/Chief Executive Officer of...
Nigeria’s economy has fallen below all projections to land on a landscape of negative growth despite aggressive fiscal and monetary intervention reforms of the past and...
The Arewa Economic Forum (AEF) has reiterated its stance on the urgent need for President Bola Ahmed Tinubu to reconsider the petrol subsidy policy announced by...
Federal government has entered into a new partnership with Access Bank to guarantee access to funds for Medium, Small and Micro Enterprises (MSMEs) across Nigeria through...
The federal government has said it is conducting an audit of the N22.7 trillion Ways and Means loans of the Central Bank of Nigeria (CBN) to...