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 […]
National Single Window will enhance trade, drive economic stability — Finance Minister
By Godwin Oritse The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the implementation of the National Single Window, NSW project will play a pivotal role in transforming trade facilitation in Nigeria and strengthening efforts to stabilise the economy. The Single Window project is a unified electronic platform that integrates various […]
NDPHC reaffirms role in expanding Nigeria’s power sector
By Obas Esiedesa The Niger Delta Power Holding Company (NDPHC) has reiterated its commitment to driving Nigeria’s electricity sector transformation, underscoring its role as a leading contributor to the nation’s energy value chain. Managing Director/Chief Executive Officer of NDPHC, Engr. Jennifer Adighije, in a goodwill message to Vice President Kashim Shettima on his 59th birthday, highlighted […]
DD Microfinance Bank: From N5.4m Deficit to N10bn Balance Sheet — Enajamo-Isire
By Emeka Anaeto, Group Business Editor, Babajide Komolafe, Economy Editor & Peter Egwuatu What is the historical profile of DavoDani (DD) Microfinance Bank and the major achievements of the bank in over a decade of operations? DavoDani Microfinance Bank is the product of a buyover of an existing unit microfinance bank that was incorporated and licensed in 2008. However, in 2014 through […]
EXPORT BAN MOVE: Millions of cashew farmers may die prematurely _ Ajanaku, NCAN President
By Gabriel Ewepu The National President, National Cashew Association of Nigeria, NCAN, Dr Ojo Ajanaku, has alleged that those behind the Bill seeking to ban raw materials export in the agricultural sector want to cripple the nation’s cashew industry in order to force cashew farmers sell their cashew nuts cheaply to local processors instead of exporting them. In an interaction with […]
CBN directs financial institutions to submit regulatory reports to compliance dept
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, yesterday directed financial institutions to submit all regulatory reports, correspondence, and related inquiries to its Director, Compliance Department through the established communication channels. The directive was contained in a letter to all banks, Payment Service Banks and other Financial Institutions (OFIs). The letter signed by the Director […]
