Finance
BII Increases Commitment to African Partners with £725m new Facility
Quick look: Increase in African investments represent 61 per of BII’s total commitments for the year £449 million of new...
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Tinubu Eyes N6.2trn Supplementary Budget 2024
Today, President Bola Tinubu, requested the National Assembly to amend the 2024 Appropriation Act with an increase of N6.2 trillion....
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IMF Downgrades Nigeria’s Economic Growth Outlook to 3.1%
The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 percent. The downgrade...
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Access Bank Secures $50 Million from UK’s British International Investment
British International Investment (BII), the UK’s development finance institution and impact investor, has committed $50 million to Access Bank. This...
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FG, States, LGAs Share N1.354 trillion – FAAC
The Federation Accounts Allocation Committee (FAAC), has shared N1.354 trillion June revenue among the federal government, states, and local government...
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Stanbic IBTC Bank Expands Securities Lending Services
Stanbic IBTC Bank Limited, a custodial and investor services company in Nigeria, has announced the extension of its securities lending...
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Nigeria’s Economy Poised for Rebound, Says CBN
The Central Bank of Nigeria (CBN) reassured Nigerians on Monday that the economy will emerge strong from the current economic...
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Lagos to Inject $260 Million to State Economy, Signs Deal for LAGRIDE
The Lagos State Governor, Mr. Babajide Sanwo-Olu, oversaw the signing of a new joint venture partnership between the state-owned corporation,...
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FRC issues Corporate Governance Code
The Financial Reporting Council (FRC), the Ministry of Finance Incorporated (MOFI), and the Institute of Directors Center for Corporate Governance...
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Lagos LGAs Lead, as LGAs Get 1.42trillion in five months
Official records from the National Bureau of Statistics (NBS), have revealed that Local government Areas from Lagos State got the...
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Nigeria’s Inflation Rate Up 34.19 % Amid Rising Cost of Living
Nigeria’s headline inflation rate has increased for the fifth consecutive month to 34.19 percent as residents of Africa’s most populous...
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Nigeria’s Food Importation Policy Could Destroy Country’s Agriculture, warns Akinwumi Adesina
Dr. Akinwumi Adesina, the president of the African Development Bank Group, has said the decision by Nigeria’s government to allow...
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Maintaining Liquidity: CBN Sells $122.67 Million to 46 Authorized Forex Dealers
The Central Bank of Nigeria (CBN) has sold about $122.67 million to 46 authorized dealers as part of its efforts...
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CBN Appoints New Managing Director for Currency Printing Company
The Central Bank of Nigeria (CBN) has appointed Abubakar Sule Minjibr as the acting Managing Director of the Nigerian Security...
Read moreBREAKING: Governors Prohibited from Dissolving LG Councils, Supreme Court Rules
The Supreme Court has prohibited governors from dissolving democratically elected Local Government (LG) councils in the country. The apex court,...
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