BoI disburses N644.9bn, supports 1.68m jobs
The Bank of Industry (BoI) has unveiled its first Annual Development Impact Report, disclosing that it disbursed N644.9 billion to…
Recapitalisation: NAICOM vows not to relicense companies with outstanding claims
As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission (NAICOM) has stated that it…
NRS generates N21.6tn H1 2026 amid tax reforms
The Nigeria Revenue Service generated (NRS) N21.6tn in the first half of 2026, representing a 49 per cent increase year-on-year,…
FG pays N39bn pension liabilities to retirees
The Federal Government has announced the payment of more than N39 billion in inherited pension liabilities owed to thousands of…
Financial institutions raise total VAT collections by 30.6% to N11.03trn
Banks, insurance companies, Pension Funds Administrators and other financial institutions in Nigeria contributed N534.72 billion to the total sum of…
FG denies ₦8tn off-budget spending claim, says IMF comment misrepresented
The Federal Government has dismissed claims that it spent about two per cent of Nigeria’s Gross Domestic Product (GDP)—estimated at…
IMF joins backlash against ‘opaque’ debt with Nigeria crackdown
A backlash against governments using derivatives to borrow against their debt is gathering strength, after the International Monetary Fund (IMF)…
Nigeria borrows $11.4bn from World Bank in three years
President Bola Tinubu’s administration has secured $11.40bn in loan approvals from the World Bank in just about three years, putting…
BoI signs $170m iDICE fund management deal to boost tech, creative sectors
The Bank of Industry (BoI) has signed a $170 million fund of funds management contract with Kuramo Capital to manage…
FG targets stronger development finance, private capital to achieve $1trillion
The Federal Government has called for stronger development finance and greater private capital mobilisation to support its $1 trillion economy…