By Philemon Adedeji Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of…
By Matthew Denis Following a flat rate forecast by the International Monetary Fund (IMF) for Nigeria’s economic growth rate in the 2023 and 2024, the Central Bank of Nigeria (CBN) has picked the challenge and set to sustain its recent…
Nigeria has continued to participate in rules development in the interest of the country and Africa. A delegation from the Organisation for Economic Co-operation and Development (OECD) met with Nigerian representatives on 4th and 5th April 2023, at a workshop…
By David Awoyemi The African Development Bank (AfDB) has appointed Marie-Laure Akin-Olugbade, a Cameroonian national as the newly Vice President responsible for its Regional Development, Integration, and Business Delivery Complex. The new Vice President, Akin-Olugbade is a seasoned Senior Executive…
Nigeria’s premier and non-interest bank, Jaiz Bank Plc, has recorded its significant income growth and profitability growth in 2022, with the bank’s After-Tax Profit rising by 69 per cent to N6.9 billion, the highest in the past five years. Meanwhile,…
The Central Bank of Nigeria (CBN)’s non-oil exports repatriation rebate scheme appears to be yielding fruits as investigations reveal that inflows into the Investors and Exporters (I&E) window improved in the month of March. According to data obtained from the…
Revenue collection by two key agencies of the Federal Government (FG), the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS), rose to N12.7 trillion in 2022 representing a 46.8 percent increase from N8.7 trillion collected in 2021.…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC), has pledged continued support for the Nano Micro, Small and Medium Enterprises NMSMEs to enable them to act as catalyst for the nations economic transformation. The…
Some financial experts say the Federal Government’s proposal to the incoming government to raise the Value Added Tax (VAT) from 7.5 per cent to 10 per cent will boost the nation’s revenues, if properly chanelled. They said this in separate…
The Board of Directors of the African Development Fund (ADF) has approved $8million to boost the banking system on the continent. A statement by African Development Bank (AfDB) said the fund was for establishing a digitally interoperable unique bank identification…
