Barbara Bako, Abuja. President Bola Tinubu has called on Nigerian banks to use the stronger capital base created by the recent recapitalisation to expand lending to businesses and other sectors capable of driving economic growth. Speaking at the
Barbara Bako, Abuja. Financial technology company Open Space has launched an Ethical Finance platform as part of efforts to widen access to transparent, asset-backed and Shariah-compliant financial services in Nigeria. Speaking at the launch in Abuja on Tuesday,
Barbara Bako, Abuja. The Federal Government’s Economic Management Team (EMT) has approved the establishment of an inter-agency committee to harmonise Nigeria’s macroeconomic assumptions for budgeting and economic planning, in a move aimed at improving policy coordination, strengthening fiscal
Barbara Bako, Abuja. The Honourable Minister of Defence, General Christopher Gwabin Musa (rtd), has called for an agile, forward-looking and technology-driven defence architecture to enable Nigeria effectively respond to the country’s increasingly complex and evolving security threats. Speaking at
Barbara Bako, Abuja. Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, its fastest pace in over a year, reinforcing the Federal Government’s ambition of building a $1 trillion economy by 2030. The
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) says diaspora remittance inflows through formal channels climbed to a record $947 million in July 2026, bringing the apex bank within reach of its $1 billion monthly remittance target. The
Nigeria will return to the FTSE Russell Frontier Market Index from September 21, 2026, following the global index provider’s decision to reclassify the country’s capital market from “Unclassified” to “Frontier Market” status. The Federal Ministry of Finance, in a
Barbara Bako, Abuja. The Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have sealed a partnership aimed at boosting investor confidence and attracting more foreign direct investment (FDI) into Nigeria’s oil and
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has issued fresh licences to additional insurance companies that have met and verified compliance with the minimum capital requirements under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). The
Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has approved the sharing of ₦3.007 trillion to the Federal Government, 36 states and 774 local government councils as revenue for July 2026. The decision was reached at FAAC’s
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