By Opeyemi Abdulsalam The African Development Bank (AfDB) has launched a series of training programs aimed at enhancing the debt management capabilities of 22 fragile or transitional African countries. According to a statement released by the bank in Abuja on…
The banking sector in Nigeria has undergone significant transformations since the inception of President Bola Tinubu’s administration. The sector, which is a critical component of the nation’s economy, has witnessed notable reforms aimed at strengthening its resilience, enhancing its stability,…
…As FAAC meets in Abuja By Seun Ibiyemi The Federation Accounts Allocation Committee (FAAC) has shared a total of N1.143 trillion to the federal government, states, and local government councils as revenue for May. This was announced at the end…
The currency’s value in circulation has risen to N3.97 trillion at the end of May, representing an all-time high and a 1.07 percent increase over the previous month. The data released on the Central Bank of Nigeria website indicated that…
By Matthew Denis, Abuja Contrary to reports making rounds, the Central Bank of Nigeria (CBN) has dismissed a purported sack of the current board and management of Unity, Keystone and Polaris Banks. Speaking on Monday Night with our correspondent on…
The Naira posted significant losses against the haven currency at the last reading session of the week as investors increased their buying pressure on the greenback. The Naira lost ground against the dollar in the black market, falling from N1,485…
Nigeria’s Gross Domestic Product per capita is expected to reach $1,120.67 by 2029, according to the International Monetary Fund. The IMF data revealed a fluctuating trend in Nigeria’s GDP per capita since 2014, with a high of $3,222.69 in 2014…
By Opeyemi Abdulsalam Minister of Finance and Coordinating Economy, Wale Edun, has expressed optimism that the economic reforms introduced in the past year by President Bola Tinubu will yield long-term benefits, His statement is coming despite the current economic austerity…
Amidst Nigeria’s struggles to stabilise its exchange rate, the Naira has failed to make the list of Representative Exchange Rates for Selected Currencies for June 2024, published by the International Monetary Fund. The list, which includes currencies from around the…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, joined the rest of the world to commemorate the 2024 Children’s Day, by hosting a fun-filled event at the National Stadium, Surulere, Lagos, on Monday for the children. UBA partnered with…
