The Nigeria Deposit Insurance Corporation (NDIC) has declared the first tranche of liquidation dividends totaling ₦46.6 billion from the proceeds of sales of the defunct Heritage Bank’s assets and recovery of debts owed to the defunct institution. This was confirmed
IMF’s Chief Economist, Pierre-Olivier Gourinchas has sounded the alarm on the Preservation of the Independence of Central Banks. This is following U.S. President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell, as he underlined the importance of maintaining their
IMF’s Chief Economist, Pierre-Olivier Gourinchas has sounded the alarm on the Preservation of the Independence of Central Banks. This is following U.S. President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell, as he underlined the importance of maintaining their
The Nigeria Sovereign Investment Authority (NSIA) has announced its audited financial results for the year 2024, netting and outstanding 96 percent growth in net assets. Announcing the results in Abuja, Managing Director of the Authority attributed the impressive surge in
The Accountant General of the Federation, Dr. Oluwatoyin Madein has tasked Federal Pay Officers (FPOs) to entrench transparency, dedication and professionalism in the conduct of their official duties. Dr. Madein also mandated the Federal Pay Officers to ensure that Federal
Access Bank PLC, the flagship subsidiary of Access Holdings PLC, has been honoured with the prestigious THISDAY Global Bank of the Year award for 2024, recognising its significant impact on the global banking landscape. In addition, Aigboje Aig-Imoukhuede, Chairman of
It will help realisation of $1 trillion economy by 2031, says FIRS chairman There can be no better time than now for the take-off of the National Single Window initiative aimed at eliminating bureaucratic delays in export and import processes
The Nigeria Economic Summit Group has unveiled the December 2024 Business Confidence Monitor report in partnership with Stanbic IBTC. It finds that while business activity showed some seasonal elevation, overall performance across most sectors in Nigeria remained weak in November
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the ex-depot price of Premium Motor Spirit (PMS) from ₦1,020 to ₦899 per liter in what industry players describe as a significant step in response to the competitive impact of deregulation
Nigeria is undergoing a WTO Trade Policy Review exercise in Geneva, Switzerland. The review scheduled for 13th & 15th November, 2024 ideally is to be chaired by the Nigerian Ambassador to the WTO, Ambassador Adamu Mohammad Abdulhamid in his capacity
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