African countries continue to face significantly higher borrowing costs due to credit ratings that many experts say fail to reflect the continent’s true economic realities. The Executive Secretary of the UN Economic Commission for Africa (ECA), Claver Gatete, said this…
…Says state paying N24bn monthly salary payments to workers Governor Seyi Makinde has reaffirmed his administration’s success in fostering economic stability in Oyo State, making it increasingly attractive to investors. Speaking on Sunday at his residence in Ikolaba, Ibadan, after…
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria’s economy has achieved relative stability over the past 18 to 20 months. Edun said this during a Zoom dialogue meeting in Abuja on Thursday. According…
Eko Electricity Distribution Company (EKEDC) has expressed concern over the rejection of free prepaid meters by some Band A customers under the Meter Acquisition Fund (MAF) scheme, aimed to address the issue of estimated billing. In an interview at the…
The Bank of Industry (BOI) has launched a special intervention programme, Project Guaranteed Loans for Women (GLOW), valued at ₦10 billion to support female entrepreneurs across the country. The bank’s Managing Director, Dr Olasupo Olusi, announced the initiative on Thursday in Lagos, stating that…
By Seun Ibiyemi The newly inaugurated Presidential Committee on Economic and Financial Inclusion (PreCEFI) has been assigned its terms of reference, officially marking the start of its mandate to oversee and implement key economic reforms under the Aso Accord. The…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria needs to diversify its economy into non-oil resources to accelerate economic development. Edun said this on Monday in Abuja, at the National Treasury Workshop with the…
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has described Nigeria as a graveyard of abandoned projects and criticized the federal government’s Highway Development Management Initiative as a burden on growth. Rewane made this disclosure in his presentation…
The Federal Government has reaffirmed its commitment to driving industrial transformation for a prosperous Nigeria, with policies focused on accelerating industrialisation, boosting manufacturing, and leveraging digital technology. Minister of State for Industry, Sen. John Enoh said this while speaking on…
The President of the Senate, Godswill Akpabio, has said that Nigeria is ready to partner Switzerland to ignite innovation, diversify the economy and create opportunities for generations to come. He said this on Monday, when he received the Chairman and…
