…As Niger, Mali, Burkina Faso say ECOWAS exit is irreversible By Seun Ibiyemi and Sodiq Adelakun In a historic move, Nigeria has made its first full payment to the Economic Community of West African States (ECOWAS) in 19 years, contributing…
By Seun Ibiyemi Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that an oil spill occurred at the Shell Petroleum Development Company (SPDC) loading terminal, SMI, in Bonny, Rivers State on Saturday, December 14, 2024. The incident resulted from…
By Seun Ibiyemi Minister of Marine and Blue Economy, Adegboyega Oyetola, has stated that sustainable fisheries management is a vital pathway to economic growth and food security in West Africa. Speaking at the 15th session of the Conference of Ministers…
By Seun Ibiyemi The Federal Airports Authority of Nigeria, FAAN, has said over the last five years, it remitted over N218 billion in Internally Generated Revenue, IGR, into the country’s Consolidated Revenue Fund, CRF. The Managing Director of FAAN, Mrs…
The Securities and Exchange Commission (SEC) has revealed that since 2017, the Nigerian federal government has issued six Sovereign Sukuk bonds, amounting to N1.1 trillion ($657.6 million). The proceeds from these bond issuances have been allocated to finance 124 federal…
By Seun Ibiyemi The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has announced that pension fund assets in Nigeria reached N21.92 trillion as of October 2024, although challenges continue to affect the industry. Oloworaran made this announcement on…
The Securities and Exchange Commission (SEC) says the federal government has issued six sovereign sukuk bonds worth N1.1 trillion ($657.6 million) to finance 124 road projects spanning over 5,820 kilometers across the country’s six geopolitical zones. The director-general of the…
By Olawale Afolabi The National Pension Commission (PenCom) reported that total pension fund assets reached N21.92 trillion in October, reflecting an increase of N1.13 trillion from the N20.79 trillion recorded in July. Omolola Oloworaran, the acting director-general of PenCom, disclosed…
By Olawale Afolabi The Federal Airports Authority of Nigeria (FAAN) reported that it contributed a total of N218.3 billion from its internally generated revenue (IGR) and N352.3 million in stamp duty payments to the federation’s consolidated revenue fund (CRF) account…
By Olawale Afolabi Access Holdings has announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement with South Africa’s Bidvest Group Limited to acquire a 100% equity stake in Bidvest Bank Limited. Access Holdings’ secretary, Sunday Ekwochi,…
