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 […]
Capital importation rises 182% to $3.37bn
•As foreign portfolio accounts for 95.7% By Babajide Komolafe Capital importation rose by 182 per cent, month-on-month to $3.37 billion in January from $1.25 billion in December, driven by a surge in foreign portfolio investment into bonds and money market instruments. The Central Bank of Nigeria, CBN, disclosed this in its monthly economic report for January […]
UBA commissions innovation hub, business office at UNILAG,
By Babajide Komolafe United Bank for Africa (UBA) Plc, has deepened its longstanding relationship with the academic community and reaffirmed its commitment to innovation, youth empowerment, and nation-building by commissioning the UBA Innovation Hub and Business Office at the University of Lagos (UNILAG). The landmark facility was commissioned by the Group Chairman, UBA, Tony Elumelu, represented […]
NIN deadline: Insurers to reject claims from defaulting policyholders
By Rosemary Iwunze Following the expiration of the April 30, 2026 deadline for the linkage of National Identity Number, NIN, to insurance policies, insurance companies have said they will no longer honour claims from policyholders who fail to comply with the directive. Head of the Publicity Committee of the Insurers Committee, Mrs. Ebelechukwu Nwachukwu, disclosed this […]
NAFDAC, SON hiccups slow single window rollout
By Efe Onodjae Challenges arising from backlog clearing documents at the National Agency for Food and Drug Administration and Control, NAFDAC, and the Standards Organisation of Nigeria, SON, have slowed operations on the National Single Window, NSW, cargo clearing platform in the early phase of its rollout, officials NSW have disclosed. Speaking during a media engagement […]
Manufacturers cry out over taxes, FX costs, insecurity, poor power supply
By Victor Ahiuma-Young Manufacturers under the aegis of the Association of Food, Beverage and Tobacco Employers, AFBTE, have indicated that its operating environment in Nigeria is worsening. It cited excessive taxes and levies, high interest rate, insecurity, poor infrastructure and unstable power supply as major threats to business survival. The employers warned that despite recent macroeconomic […]
