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Financial and Business Analysts have commended the Central Bank of Nigeria (CBN) following its announcement that banks will be directed to increase their capital in preparation to serve an envisioned $1 trillion economy. The…

The Federal Capital Territory Administration (FCTA) in Nigeria has terminated the services of operators of terminals and taxi ranks for failing all terms and conditions of their engagement. The Mandate Secretary, Transportation…

Heads of agencies and departments under the Ministry of Marine and Blue Economy, have signed a performance bond for ministerial deliverables from 2023-2027. The minister’s spokesperson, Ismail Omipidan, disclosed this on his X, handle.…

The Federal Government of Nigeria has reaffirmed its commitment to improve fiscal reforms at the subnational level by working assiduously to sustain collaboration with the States and International Development Partners. This would…

The Nigeria Sovereign Investment Authority (“NSIA”), manager of Nigeria’s sovereign wealth fund, and Z Capital Group (“ZCG”), a leading private markets asset manager, have announced a joint venture partnership to establish a fund focused on…

The Governor of Nigeria's Central Bank, Mr. Olayemi Cardoso, is set to unveil the Bank’s Monetary Policy Thrust and Economic Outlook for 2024. The bank shared the announcement on its X handle on Thursday. Mr Cardoso would be speaking…

The House of Representatives has resolved to investigate revenue leakages, as well as non remittance of revenue generated by Ministries, Departments and Agencies (MDAs) through the Remita platform. The House also mandated its Committee…

The Group Chief Executive Officer of NNPC Ltd., Mele Kyari says the Company has made a robust plan for the supply of petroleum products especially Premium Motor Spirit (PMS), also known as petrol, sufficient to last beyond the ember months…

The Small and Medium Enterprises Development Agency, SMEDAN, and Sterling Bank have signed a Memorandum of Understanding, MoU,  to create a loan portfolio of 5 billion Naira at a single digit interest rate. The Director General of…

Midweek trade on equities in Nigeria’s capital market ended bearish as key indices depreciated by N34 billion and 0.08 percent. At the close of business on Wednesday, the All-Share Index of listed equities dropped by 62.66 basis points,…