Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
How Aboyeji built $2b companies from Lagos
Iyinoluwa Aboyeji, who co-founded Andela and Flutterwave, two technology companies that have each achieved valuations of over $1 billion.
FG to track poverty, incomes to assess impact of reforms — Oyedele
By Yinka Kolawole The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has disclosed plans by the Federal Government to publish indicators tracking poverty, incomes and inequality to assess the impact of the government’s economic reforms on the living standards of Nigerians. He said the move is aimed at addressing criticism of the […]
CBN mandates BDCs to sell unutilised FX to NFEM within 24hrs
•May confiscate unutilised balance By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has directed Bureau De Changes, BDCs, to sell unutilised foreign exchange (FX) balances to the Nigerian Foreign Exchange, NFEM, market within twenty-four (24) hours of the expiry of the utilisation period. The apex bank disclosed this in its regulatory guidance on purchase of […]
SEC commences nationwide campaign to recover unclaimed dividends
By Peter Egwuatu The Securities and Exchange Commission (SEC) has commenced a nationwide enlightenment campaign to help Nigerians recover unclaimed dividends and other monies arising from capital market transactions. The campaign, which began with a town hall meeting in Lagos yesterday, is aimed at sensitising investors on the existence of unclaimed monies, the role of the […]
BoI to channel 70% of EIB facility to drive cocoa, dairy sectors
By Etop Ekanem Nigeria’s foremost development finance institution, Bank of Industry (BoI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and chocolate manufacturing. Managing Director/CEO of BoI, Dr. Olasupo Olusi, disclosed this during the Africa Cocoa […]
