The Federal Government of Nigeria has reaffirmed its commitment to fostering sustainable economic growth through a landmark $50 million investment in the Nigeria Wholesale Impact Investment Fund (WIIF), anchoring the fund’s first close at $100 million. The government in a
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted
The Federal Government is strengthening its collaborative initiative with the Japan International Cooperation Agency (JICA) through a partnership that is aimed at supporting the country’s food production systems and enhancing resilience amid global supply challenges. Mohammed Manga, Director, Information and Public Relations Ministry of finance in a
Nigeria has launched a Feedlot Management Training Program aimed at preparing the country’s livestock value chain actors to tap into the $2.5 billion Foreign Direct Investment (FDI) deal recently sealed by President Bola Ahmed Tinubu with global meatpacking giant, JBS.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has met with the President-Elect of the African Development Bank (AfDB), Dr. Sidi Ould Tah, on the sidelines of the Bank’s Annual Meetings in Abidjan. The meeting was
The Federal Government has signed a landmark agreement with the African Development Bank (AfDB) to replenish the Nigeria Trust Fund (NTF) with $500 million and extend its operation through to 2040. It is described as a significant step towards promoting
The Federal Government say it has taken a significant step towards repositioning Nigeria’s economy, as the Economic Management Team (EMT) convened to assess Nigeria’s trade strategy, investment climate, and infrastructure planning. The session which was Chaired by the Minister of
The Federal Government has inaugurated the new Board of Directors of the Asset Management Corporation of Nigeria (AMCON), marking a renewed phase in the Corporation’s mandate to stabilise the financial sector, enhance asset recovery, and prepare for an orderly institutional
The Central Bank of Nigeria (CBN) say its attention has been drawn to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution. The CBN in a statement categorically reassure the public, depositors, and stakeholders
The three tiers of government shared a total sum of N1.681 trillion, being April 2025 Federation Account Revenue, at the May 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. Bawa Mokwa Director (Press and Public Relations) at the Office of
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