By Sodiq Adelakun The Debt Management Office (DMO) of Nigeria has recently listed two savings bonds offered by the Federal Government for subscription. These bonds, which are the first offers in 2024, provide individuals with a unique opportunity to invest…
The founder of BudgIT, a platform focused on fiscal transparency, Seun Onigbinde has criticised the Nigerian government’s budgeting process, citing a lack of clarity, discipline, and performance-driven planning. In an interview on Saturday, Onigbinde highlighted issues with the 2023 budget,…
…As Ambode, Hamzat, Ogun First Lady, others attend Lagos Thanksgiving Service The Lagos State Governor, Mr. Babajide Sanwo-Olu has revealed that he will sign into law this week the 2024 Lagos State Appropriation bill. The Governor said this during the…
According to data from the FMDQ Group, 56 Nigerian companies raised N1.504 trillion through commercial papers in 2023, representing a whopping 499 percent increase from the N251 billion raised in 2022. Based on the data tracked by journalists, MTN Nigeria…
Nigerian manufacturers are facing an uncertain future due to persistent foreign exchange volatility and higher production costs, which have been crippling business activities in recent years. The situation has left many manufacturers unsure whether to cut down on production or…
…Industry minister emphasises importance of efficient consumer credit system By Sodiq Adelakun The Federal Government has allocated N350 billion for a consumer credit fund and a national poverty reduction strategy in the 2024 budget. The details of the budget were…
Sterling Bank Limited has announced a strategic change in its Board of Directors, with Mr. Olatunji Mayaki assuming the role of Chairman of the Board effective January 1, 2024, following the resignation of Mr. Asue Ighodalo, effective December 31, 2023.…
The Nigerian Naira experienced a significant decline on Wednesday, January 3rd, 2024, closing at N1,035.12 per dollar in the official market. This is despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through…
By Sodiq Adelakun The Central Bank of Nigeria has announced that cash withdrawals will no longer be permitted from accounts specifically opened for virtual and digital assets transactions. Instead, withdrawals from these accounts will only be allowed through transfer or…
By Matthew Denis President Bola Tinubu’s administration has directed that all ministries, departments, and agencies fully funded by the federal government remit 100 per cent of their revenues into a Sub-Recurrent Account, a sub-component of the Consolidated Revenue Fund (CRF),…
