Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has admonished Africa to grow, industrialise, create jobs, expand opportunities, and lift millions out of poverty, while also decarbonising and building climate resilience. Mr. Cardoso stated in his keynote speech
President Bola Tinubu has issued an executive order (EO) to safeguard and enhance oil and gas revenues for the Federation, curb wasteful spending, eliminate duplicative structures in the critical sector of the national economy, and redirect resources for the benefit
A total sum of N1.969 trillion, being December 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. Bawa Mokwa, Director Press and Public Relations the office of the Accountant general of the
The Central Bank of Nigeria (CBN) has released a comprehensive assessment of Nigeria’s fintech landscape, outlining the priorities needed to sustain innovation, strengthen system integrity, and support the next phase of digital financial growth. CBN in a statement said the
The Nigerian Economic Summit Group (NESG) has announced the appointment of Dr. Owen D. Omogiafo and Mr. Rohan D’Souza to its Board of Directors. Dr. Tayo Aduloju, Chief Executive Officer of the NESG in a statement said the appointments underscore
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening collaboration with the Economic and Financial Crimes Commission (EFCC) to enhance the recovery of failed banks’ assets and debts as well as the investigation and prosecution of persons
The African Export-Import Bank (Afreximbank) has officially terminated its credit rating relationship with Fitch Ratings. The bank in a statement said this decision followed a review of the relationship, and its firm belief that the credit rating exercise no longer
“Frontier market” economies—a cluster of mostly middle-income economies regarded as the proving ground for the next generation of economic superstars—have largely failed to live up to their potential in recent decades, a new World Bank study has found. On average,
The Budget Office of the Federation has categorically rejected recent claims alleging that the North East Development Commission (NEDC) operates a ₦246 billion “salaries budget.” This assertion is misleading, inaccurate, and rooted in a fundamental misunderstanding of the Federal Government
The Federal Government of Nigeria has welcomed the decision of the European Commission to remove Nigeria from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). This was confirmed in a
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