Olusegun Alebiosu, CEO of FirstBank has underscored the importance of financial inclusion in tackling poverty on the African continent. Speaking in an exclusive interview with Arise TV on the sidelines of the 79th United Nations General Assembly in New York,…
The Nigeria Deposit Insurance Corporation (NDIC), has advised banks to comply with regulatory requirements especially on Bank Verication Number (BVN). According to NDIC, the aim is to ensure prompt payment of insured deposits to depositors in the event of bank…
The Central Bank of Nigeria (CBN) says it has provided additional 20,000 dollars each to eligible Bureau de Change at an exchange rate of N1,590. This is to further boost foreign exchange liquidity. Dr Wiliam Kanaya, CBN’s Acting Director, Trade…
The Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that Nigerians spent a total of N89.5 trillion over electronic channels in July 2024. According to the latest e-payment data, the July record came as the all-time high monthly transaction value on…
By Esther Agbo The Federal Government has officially commenced the preparation of the 2025 national budget, focusing on strict compliance with mandates and alignment with the country’s current economic priorities. The Director-General of the Budget Office, Tanimu Yakubu, disclosed this…
By Esther Agbo In an era where youth unemployment remains a pressing concern, the FCMB Flexxtern Programme stands out as a key player in Nigeria’s fight to bridge the gap between education and employment. As the latest group of 30…
The United States Chamber of Commerce has expressed its willingness to invest about 320 million dollars in mortgage refinancing and Small and Medium Enterprises (SMEs) in Nigeria. This is contained in a statement issued by spokesperson of Vice-President Kashim Shettima,…
By Matthew Denis In a significant move to address rising inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) from 26.75 percent to 27.25 percent. The decision was announced…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced the 2024 edition of the National MSME Conference, themed “GROW NIGERIAN: Sustaining an Innovation and Digital-Driven Economy.” The event, the nation’s leading annual development conference, will be opened…
The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government for its ongoing efforts to address regulatory bottlenecks and create a more conducive environment for businesses in Nigeria. Director-General of NECA, Adewale-Smatt Oyerinde, said this in a statement on…
