The World Bank has approved three operations in Nigeria, totaling $1.08 billion in concessional financing, to enhance education quality, build household and community resilience, and improve nutrition for underserved groups. This includes $500 million in additional financing for the NIGERIA:
The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor
The Nigeria Sovereign Investment Authority (NSIA) this Monday announced its audited financial results for the 2024 fiscal year, showing it has remained profitable for 12 consecutive years, resulting in cumulative retained earnings of ₦3.74 trillion at the end of 2024. Highlights of the
The Nigeria Deposit Insurance Corporation (NDIC) say it has intensified efforts to ensure timely payments to depositors of the defunct Heritage Bank whose balances exceed the maximum deposit insurance limit of N5 million. The corporation in a statement signed by its Acting
The National Pension Commission (PenCom) has launched a new Pension Contribution Remittance System, a platform designed to optimise the process of remitting pension contributions into employees’ Retirement Savings Accounts (RSAs). Developed in collaboration with the Pension Operators’ Association of Nigeria
The National Pension Commission (PenCom) has called on all states and local governments to implement the Contributory Pension Scheme (CPS) for a pension-secure Nigeria. PenCom in a statement observed that many states are yet to implement the CPS, adding that for
The African Export-Import Bank (Afreximbank), has broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal moment for trade relations between Africa and the CARICOM region. The bank in a statement described the $180 million
A total of N1.678 trillion, is the amount shared to the Federal Government, States and the Local Government Councils from revenue accrued in February 2025 to the Federation Account by the Federation Account Allocation Committee (FAAC). The revenue was shared
The Accountant-General of the Federation (AGF) Mr Shamseldeen B. Ogunjimi has said he will collaborate and tap from the wealth of experiences of all Former Accountants -General of the Federation to take the nation’s treasury to a greater height. Bawa
Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, has restated the Commission’s commitment to upholding its constitutional mandate of reviewing and recommending the remuneration of political, public, and judicial office holders in accordance with the
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