The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the bank’s autonomy and governance. IMF made the call in the latest report titled ‘Nigeria: 2022 Article IV Consultation-Press Release; Staff…
Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed said cost of finance had remained one of the country’s major challenges. Ahmed said this at the on-going 36th African Union (AU) Summit in Addis Ababa, Ethiopia on Friday. The…
The Chartered Institute of Bankers of Nigeria (CIBN) is liaising with the Body of Banks CEOs to address the current challenges occasioned by the Naira redesign policy. In a press statement issued by Dr Ken Opara, President/Chairman of Council, CIBN,…
The Nigerian Export Promotion Council (NEPC) says it will aggressively pursue its One State One Product (OSOP) policy in the 2023 fiscal year. Executive Director of the NEPC, Dr Ezra Yakusak, said this at a meeting of South-East State Coordinators’ …
Chief Operations Officer (COO), Nigerian Economic Summit Group (NESG), Dr Tayo Aduloju, says professional bodies investing in coordination, cooperation and collaboration framework will increase their membership and guarantee expansion. Aduloju, also Senior Fellow, Economic Policy, Strategy and Competitiveness, NESG, said…
The Economic Commission for Africa (ECA), has urged African nations to accelerate implementation of the African Continental Free Trade Area (AfCFTA) to make it more resilient and globally competitive. Acting Executive Secretary of the ECA, Antonio Pedro said this in…
By Omolola Dede Adeyanju The Manufacturers Association of Nigeria (MAN) has released its Manufacturers CEO’s Confidence Index (MCCI)’s Aggregate Index Score (AIS) for the fourth quarter of the previous year. This was related through a press statements from the association…
Nigeria’s January inflation figure rose from 21.34 per cent in December to 21.82 per cent in January, according to National Bureau of Statistics, NBS recent data. The January 2023 inflation rate showed an increase of 0.47% points when compared to…
TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange Ltd., (NGX). The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 billion…
The Nigerian Content Development and Monitoring Board (NCDMB), says the African Continental Free Trade Agreement (AfCFTA) presents a critical legal framework that can be leveraged to achieve the collaborative local content strategy in Africa. Executive Secretary of the Board, Mr…
