The Central Bank of Nigeria (CBN) said in Abuja on Friday that its monetary policies and actions have stimulated growth and stability of the nation’s economy. CBN Governor, Mr. Olayemi Cardoso, said this during an engagement with Senate Committee on…
Some London Stock Exchange (LSE) services were suffering disruptions on Friday amid a global IT outage that has affected companies around the world. The LSE said securities trading was unaffected by the outage, but its regulatory news service was not…
By Esther Agbo MTN Nigeria has announced its ambition to establish the largest fintech platform in the country, aiming to achieve between 30 to 40 million active MTN MoMo wallets by 2025. This target was revealed in the company’s sustainability…
By Barth Ndubuwah, Port Harcourt Maritime stakeholders at Eastern ports have voiced concerns over freight rate differentials, urging the Federal Government to intervene. These sentiments were expressed in a 9-point communiqué issued at a seminar organised by the Nigerian Shippers…
…CNG to reduce inflation, promote economic development — DG, NADDC By Matthew Denis and Abu Bardiyat (Abuja) The National Automotive Design and Development Council (NADDC) a Parastatal under the Federal Ministry of Industry, Trade and Investment has engaged stakeholders on…
By Matthew Denis Blaze Metals, a global gold firm, has harped on the role of Environment, Social and Governance (ESG) reporting in sustainable business practices. This was the highlight African Natural Resource and Energy Investment Summit in Abuja. This significant…
The International Monetary Fund (IMF) has projected three percent growth for Nigeria in 2025. Though this is lower than 3.1 percent growth projection for Nigeria in 2024, it is higher than growth estimates of most emerging markets (EMs), according to…
…Promises unwavering support for businesses The Federal Government has reaffirmed its dedication to ensuring that Nigerian businesses, both small and large, will benefit from the $50 billion African Continental Free Trade Area (AfCFTA). President Bola Tinubu made this announcement on…
By Esther Agbo The new President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori, has announced a four-point agenda called ‘‘EPIC,’ focusing on Education, Professionalism, Institutional recognition, and Capacity building. This initiative aims to transform CIIN into…
…As FG, States, LGCs share N1.3trn By Mathew Denis, Abuja Value Added Tax (VAT) for the month of June 2024 increased by N65.020 Billion according to a Communique issued by the Federation Account Allocation Committee (FAAC). According to the FAAC,…
