The International Monetary this Tuesday held its global growth forecast for 2024 steady and cut forecasts for the United States, Japan and Nigeria, while warning of inflation risks and trade tensions ahead. The Fund in its World Economic Outlook update
Federation Accounts Revenue of N1,354,371,000,000 collected in June 2024 have been distributed to the Federal Government, States and Local Government Councils in the country. Bawa Mokwa, Director Press and Public Relations Office of the Accountant General of the Federation in
Dr. Ndiamé Diop, the newly appointed World Bank Country Director for Nigeria, assumed his new position this Monday in Abuja. He succeeds Shubham Chaudhuri who completed his term in the same capacity. A statement by the bank disclosed that prior
Ten innovators have emerged after a week-long accelerator programme (physical bootcamp) that culminated in the recently concluded mini demo day, where 25 innovators pitched their solutions before an expert panel of business and technology leaders in the on-going second edition
Despite challenging macroeconomic conditions coupled with economic headwinds, the Asset Management Corporation of Nigeria (AMCON) say it achieved a remarkable triple-digit growth of 202% from NGN34.730 billion in the previous year to NGN108.433 billion in 2023. This was contained in
The Presidential Fiscal Policy and Tax Reform Committee has proposed a slash in the cost of collection by revenue generating agencies of government to 1 percent. Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr Taiwo Oyedele who
The Republic of Benin has become the latest African nation to accede to the Fund for Export Development in Africa (FEDA), the impact investment subsidiary of African Export-Import Bank (Afreximbank); bringing the total number of participating African countries to 17.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has called on Heads of Agencies and Parastatals under the Ministry to collaborate in achieving the full implementation of President Bola Ahmed Tinubu’s 8-Point Agenda that aims to
The Acting Director General of the Bureau of Public Enterprises (BPE), Ignatius Ayewoh, has inaugurated the Project Delivery Team (PDT) tasked with the recapitalization and full commercialization of the Nigerian Agricultural Insurance Corporation (NAIC) and the Nigeria Incentive-Based Risk Sharing
The three tiers of government have shared a total sum of N1.208 Trillion April 2024 Federation Account Revenue at the May 2024 meeting of the Federation Accounts Allocation Committee (FAAC), held in Abuja. A communiqué issued at the end of
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