…Says loans hurting Nigerian economy The Asset Management Corporation of Nigeria (AMCON) has called on the media to play an active role in exposing debtors as part of its efforts to recover over N4 trillion in outstanding debts. The appeal…
…As FG spends ¦ 8.47trn on external debt servicing By Seun Ibiyemi Nigeria has allocated approximately ¦ 8.47 trillion ($5.47 billion) towards external debt servicing between January 2024 and February 2025, underscoring the mounting pressure on government revenue and the…
Nigeria expended a total of $5.47bn on external debt servicing between January 2024 and February 2025, data from the Central Bank of Nigeria have shown. The figures, published on the apex bank’s website, indicate the growing burden of debt obligations…
The Central Bank of Nigeria (CBN) has expressed deep concern over the increasing prevalence of unlawful transactions involving the Naira, calling for urgent measures to curb the trend. CBN Governor, Olayemi Cardoso, made this known during the Bank’s Security Workshop…
The Minister of Finance, Wale Edun, has stated that the Federal Government is gradually reducing its reliance on borrowing to fund budget deficits, shifting instead towards optimising national assets and attracting private investment to stimulate economic growth. He explained that…
Fidelity Bank Plc has awarded a cheque of N500,000 to Ms Grace Adamu, the latest winner in its ongoing Get Alert In Millions Season Six “Youth Empowerment” promotion. The symbolic cheque was handed over to the recipient on Wednesday at…
The naira on Monday witnessed further depreciation as it fell sharply to N1,530 on renewed dollar shortage at the official Foreign Exchange (FX) market. After trading on Monday, the naira lost N19.91 or 0.8 percent as the dollar was quoted…
Ecobank Nigeria, in collaboration with the Regional Off-Grid Electricity Access Project (ROGEAP), has unveiled a three-day Entrepreneurship Business Training Workshop for small and medium-sized enterprises (SMEs) in the solar energy sector. The training will take place in Abuja from 10th…
Wema Bank has unveiled an extensive lineup of activities to commemorate International Women’s Day (IWD) 2025, underscoring its strong commitment to gender equality and inclusion. According to the bank, its IWD 2025 event will be held in Lagos under the…
Access Bank PLC (Access Bank), a leading African financial institution, has received the IFC EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification for its headquarters, Access Tower, in Oniru, Victoria Island, Lagos. The EDGE certification programme, supported by…
