The National Pension Commission (PenCom) on Wednesday, dissociated itself from a misleading publication alleging that it has commenced recruitment for 2023/ 2024. Mr Abdulqadir Dahiru in a statement issued in Lagos, said the commission is not connected to the website…
African Development Bank (AfDB) President, Akinwumi Adesina, and the Deputy Executive Secretary and Chief Economist of the Economic Com mission for Africa (ECA), Hanan Morsy, have lamented the high costs of debts incurred by African governments adding that it was…
The former Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the public debts remain sustainable as the country has adequate capacity to repay its debts. While speaking at her valedictory ceremony in Abuja, Ahmed said, “Despite…
Wema Bank has said it donated chairs and tables to Isale Eko Grammar School, in Lagos State. A statement said the act was made possible through Wema Bank’s corporate social investment initiative, the “Salary for Love” campaign. It said Wema…
The Federal Government borrowed N6.07trillion from the Central Bank of Nigeria (CBN) through Ways and Means Advances in 2022, according to recent data from the apex bank. This pushed the Federal Government’s borrowing from the CBN from N17.46trillion in December…
By Sodiq Adelaku President Tinubu has said he will review the naira redesign policy of the CBN. This may see the old naira notes remaining legal tender for a longer time than December 31 as declared by the Supreme Court.…
Nigerian big banks’ fintech foray spotlights valuation. A growing number of Nigerian big banks are making inroads into the financial technology space, putting the valuation of fintech firms in the country under the spotlight. Around 2017, when fintech companies were…
The House of Representatives (HOR), amidst protest on Sunday, approved an amendment to the Central Bank of Nigeria Act, raising the ceiling of Ways and Means Advances from the apex bank from five to 15 per cent. The House gave…
The President of the African Development Bank, Akinwumi Adesina, has urged the Federal Government needs to stop its youth empowerment programmes and invest in the youth people of the nation on a sustainable basis. Adesina said this at the inaugural…
By Sodiq Adelakun The Nigerian Senate has increased the borrowing limit for the Federal Government from the Central Bank of Nigeria (CBN). The implementation year for the 2022 Supplementary Appropriation Act was extended. The Senate held an emergency session ahead…
