EU to boost digital economy in Nigeria with Є820m investment package
The European Union (EU) has announced an EU-Nigeria Digital Economy Package worth €820 million until 2024.The European Commission Executive Vice-President,…
VAT increase will trigger extreme poverty, Oxfam warns FG
Charity organisation, Oxfam, has faulted the International Monetary Fund’s (IMF) Article IV, urging the Federal Government to increase the current…
Afreximbank, AfCFTA seal deal on $10billion Fund to boost African economies
The African Continental Free Trade Area (AfCFTA) Secretariat and African Export-Import Bank (Afreximbank), yesterday in Cairo, Egypt signed an Agreement…
GTBank Acquires Asset Management and Pension Fund Businesses
One of Nigeria’s biggest financial powerhouses, Guaranty Trust Company Plc (GTCO), owners of Guaranty Trust Bank (GTB) has announced the…
SEC urges capital market operators to prioritise investors’ interest
Lamido Yuguda, Director-General of the Securities and Exchange Commission (SEC), says there is a need for capital market operators to…
Insurers Paid Over N11bn Claims on EndSARS Losses
The Nigerian Insurers Association has said insurance companies have paid N11bn claims on losses suffered during the 2020 #EndSARS protest.…
Naira depreciates further, exchanges for N572/$1 at parallel market
The Nigerian currency – the Naira depreciated further on Monday as it traded at N572 per dollar at the parallel…
IMF urges FG to remove fuel subsidy, official exchange rate
Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund (IMF) has again urged…
Nigeria to spend 92% of 2022 revenue on debt servicing, says IMF
The International Monetary Fund (IMF) has said the Federal Government could spend as much as 92.6 per cent of its…
NDIC to build capacity in procurement processes
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said the corporation will continue to build…