The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Fri revealed that Nigeria requires an annual investment of $20 billion to achieve a 7% economic growth rate by 2027. Edun made this disclosure while speaking…
The Organised Private Sector (OPS) on Wednesday expressed strong opposition to the Central Bank of Nigeria’s (CBN) decision to impose limits on withdrawals from Point-of-Sale (PoS) agents, claiming the bank is out of touch with the reality on the ground.…
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Bank of Industry (BOI) have formalised a partnership to disburse a N75 billion intervention fund aimed at supporting Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.…
The Federal Ministry of Finance has proposed a N75 million allocation in its 2025 budget to monitor the activities of banks and financial institutions through its Home Finance Division. This funding is aimed at strengthening oversight and ensuring regulatory compliance…
Airtel Nigeria has once again been recognised for its unwavering commitment to sustainable development, securing the Partnership of the Year award at the 18th edition of the Sustainability, Enterprise, and Responsibility Awards (SERAS) held at the Oriental Hotel, Victoria Island,…
The Lagos Chamber of Commerce and Industry (LCCI) has expressed support for the ongoing economic reforms introduced by the administration of President Bola Ahmed Tinubu. The LCCI also emphasised the need for robust regulations to ensure the sustainability of new…
The federal government has announced that the N13 trillion deficit in the N48 trillion 2025 budget proposal will be financed through borrowing. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this disclosure shared on Monday…
The Federal Government, in collaboration with the World Bank, has allocated $600 million to rehabilitate 200,000 kilometres of rural roads under the Rural Access and Agricultural Marketing Project (RAAMP). This was disclosed by Ogbuagu Chika, Principal Information Officer at the…
The African Development Bank (AfDB) Board of Directors has approved a $30 million equity investment in the Africa Finance Corporation (AFC) to support the rollout of innovative “green shares” aimed at mobilising resources for climate action projects across Africa. This…
The Dangote Refinery and Petrochemicals complex has been lauded as an extraordinary achievement, showcasing Nigeria’s technological advancements on the global stage. This praise was shared by a delegation from the Japanese business community in Nigeria, led by Japan’s Ambassador-designate to…
