Senate knocks SEC for spending earnings on salaries, emoluments
The Senate has carpeted the Securities and Exchange Commission for spending most of the revenues it generated on salaries and…
High food prices could push 6m more Nigerians into poverty, says World Bank
The World Bank says the increase in food prices could push additional six million Nigerians into poverty — calling on…
FAAC: FG, states, LGs share N671bn as allocation in October — down by N68bn
The Federation Accounts Allocation Committee (FAAC) shared N671.910 billion among the three tiers of government for October. This figure is…
AfCFTA secretariat charges African governments on value addition, trade deficit
The African Continental Free Trade Area (AfCFTA) secretariat has admonished African countries to focus on the production of consumer goods…
CBN disbursed N3trn loans to firms, households in one year, says Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has revealed that the nation’s apex monetary authority…
IMF wants CBN to manage cyber security, operational risks of eNaira
The International Monetary Fund (IMF) says there is a need to manage cyber security and operational risks associated with the…
Why EFCC Arrested Former MD of Fidelity Bank, Nnamdi Okonkwo
The Economic and Financial Crimes Commission (EFCC) has explained the reasons behind its arrest and interrogation of a former Managing…
BoI disbursed N1trn loans to over 327,000 businesses in five years, says MD
The Bank of Industry (BoI) says it has disbursed N1 trillion worth of loans to over 327,000 micro, small and…
Afreximbank commits $40b to support African trade in five years
The Chairman of the board of directors of the African Export-Import Bank (Afreximbank), Professor Benedict Oramah says the bank is…
Nigeria’s inflation rate falls to 15.99% in October
Nigeria’s inflation rate for the month of October 2021 dropped further to 15.99% from 16.63% recorded in September 2021. This…