A recent Household Expectations Survey conducted by the Central Bank of Nigeria in February 2025 has revealed that 65.5% of Nigerians support a reduction in lending rates, believing it would benefit the economy. The survey, which assesses public perception on…
By Seun Ibiyemi The Board of Unity Bank has appointed Ebenezer Kolawole as the Acting Managing Director of the Bank, following recent leadership changes. This appointment comes after the retirement of Oluwatomi Somefun, who completed her tenure as Managing Director,…
Africa’s Global Bank, United Bank for Africa (UBA) Plc has launched the AfriGo Card, a revolutionary domestic card scheme aimed at transforming the Nigerian payments landscape. The AfriGo Card, introduced by the Central Bank of Nigeria (CBN) in collaboration…
Minister of Finance and Coordinating Minister of the Economy, Wale Edun has reiterated the commitment of the Federal Government in implementing reforms that will foster the growth of the private sector. The Minister gave the assurance yesterday in his office…
…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…
