The World Bank urged for stronger global cooperation to help direct funding towards developing economies with the biggest investment gaps.

By Yinka Kolawole The Federal Government, FG, has announced a $50 million investment in the Nigeria Wholesale Impact Investment Fund (WIIF), aimed at unlocking significant financing for micro, small, and medium enterprises (MSMEs) and generating jobs across priority sectors . The Federal Ministry of Finance stated this in a post on X, noting that the investment […]

By Babajide Komolafe The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, described the information as […]

By Obas Esiedesa, Abuja  The Federal Government, yesterday, said no final decision has been taken on the reported plan to obtain a $5 billion oil-backed loan from Saudi Arabia’s Aramco.  The loan which is said to be part of the $21.5 billion borrowing plan submitted to the National Assembly last month by President Bola Tinubu, was not […]

By Rosemary Iwunze  The National Insurance Commission, NAICOM, will soon release supplementary guidelines on annuity to forestall nonpayment of pension benefits to retirees. Vice Chairman, Publicity Sub-Committee of the Insurers Committee who is also Managing Director of NSIA Insurance, Mr. Moruf Apampa, disclosed this at a media briefing yesterday after the Insurers Committee meeting in Lagos. […]

By Elizabeth Adegbesan Nigeria recorded N5.17 trillion trade surplus in the first quarter of 2025 (Q1’25). This represents a 52 percent quarter-on-quarter (QoQ) rise when compared to N3.4 trillion recorded in Q4’24. On a year-on-year, YoY, basis, trade surplus grew by 17.5 percent from N4.4 trillion in Q1’24. The National Bureau of Statistics, NBS, disclosed this yesterday […]

Some feedbacks from global rating agencies about Nigeria’s economic status point to emerging improvements in the country’s macroeconomic indexes.

Justice Lewis Allagoa issued the directive on Wednesday following a notice of appeal filed by Lafarge Africa challenging the court’s earlier ruling.

One of the major implications of the improved rating is that Nigeria may now be able to borrow at lower interest rates

By Obas Esiedesa, Abuja   The Securities and Exchange Commission, SEC, has directed   all public companies and Registrars to stop treating unclaimed dividends older than 12 years as “statute-barred”—especially those dating from before the enactment of the Finance Act 2020. The Commission noted that the directive reaffirms the provisions of Section 60 of the Finance Act, which […]

By Godwin Oritse   The Regional Maritime Development Bank (RMDB) said it has secured a $150 million facility for upgrade and expansion of a major shipyard in Nigeria.   The President and Chief Executive Officer of the Regional Maritime Development Bank (RMDB), Mr. Adeniran Aderogba, disclosed this, saying the fund   will serve as a catalyst for the transformation […]

Says programme must align with ILO Conventions By Victor Ahiuma-Young The Nigeria Employers’ Consultative Association, NECA, has stated that only effective coordination and implementation can ensure the success of the Federal Government’s relaunched National Talent Export Programme (NATEP). As the umbrella body of employers in the country, NECA emphasized the need for NATEP to align with […]

By Obas Esiedesa, Abuja The Federal Government’s plan to obtain a $5 billion oil-backed loan from Saudi Arabian oil company, Aramco has been hampered by low oil prices in the international market.   A report by Reuters citing four sources said the recent drop in crude oil price has raised concerns among banks that were expected to […]

By Providence Ayanfeoluwa The Nigerian Shippers’ Council (NSC), has reaffirmed the Federal Government’s commitment to automating the port sector for optimal efficiency. NSC’s Executive Secretary/CEO, Dr. Akutah Pius, made this disclosure during a courtesy visit to the Lekki Deep Sea Port. Akutah stated that NSC is championing automation as a key standard to enhance efficiency and […]

Credit to agric and industry sectors increased by 4.66% and 4.98%, respectively, indicating sustained policy support for food security and industrial growth