Barbara Bako, Abuja. Nigeria’s external reserves have risen above $52.5 billion, surpassing the Central Bank of Nigeria’s annual target and reaching their highest level in 17 years, the Central Bank of Nigeria (CBN) has said. The apex bank attributed
The National Insurance Commission (NAICOM) has announced the successful completion of the insurance industry’s 12 month recapitalisation exercise, with 43 insurance and reinsurance companies meeting the new minimum capital requirements prescribed under the Nigerian Insurance Industry Reform
Barbara Bako, Abuja. The Federal Ministry of Finance has called for stronger collaboration between government and professional institutions to accelerate Nigeria’s economic transformation and support sustainable development. Permanent Secretary, Special Duties, Federal Ministry of Finance, Mr. Mohammed Sanusi Danjuma, made
Barbara Bako, Abuja. The World Bank has urged governments across Sub-Saharan Africa to embrace deliberate urban planning and stronger city governance to transform rapid urbanisation into a catalyst for economic growth and job creation, warning that poorly managed
Barbara Bako, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has intensified efforts to establish a West African petroleum pricing benchmark, saying the initiative will strengthen regional energy security, improve market transparency and reduce the impact
Barbara Bako, Abuja. Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has disclosed that the Federal Government will soon publish a detailed account of savings from the removal of fuel and foreign exchange subsidies,
Barbara Bako, Abuja. The Securities and Exchange Commission (SEC) has commenced the implementation of a fully electronic registration process for capital market operators, allowing designated regulatory services to be completed entirely online as part of efforts to modernise
Barbara Bako, Abuja. Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, on Wednesday urged African countries to strengthen economic reforms, deepen regional integration and invest in
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has reaffirmed its commitment to supporting the growth of Takaful and microinsurance in Nigeria as part of efforts to deepen financial inclusion and extend insurance protection to underserved communities. The
Barbara Bako, Abuja. The National Assembly has commended the Securities and Exchange Commission (SEC) for strengthening its financial sustainability through cost-cutting measures and improved revenue generation. The commendation was given on Tuesday by the Deputy Chairman of the House
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