Barbara Bako, Abuja. The ECOWAS Bank for Investment and Development (EBID) has approved a $268 million financing package for three major development projects in Taraba State aimed at boosting industrialisation, agriculture and renewable energy. The loan agreements were signed on
Barbara Bako, Abuja. The Nigeria Deposit Insurance Corporation (NDIC) says more than 98 per cent of bank depositors in Nigeria are now fully covered under the country’s deposit insurance scheme following a significant increase in the maximum insured deposit
Barbara Bako, Abuja. The Nigeria Sovereign Investment Authority (NSIA) has opened applications for the fourth edition of its Prize for Innovation (NPI 4.0), offering startups a combined prize pool of $275,000 and access to additional funding opportunities of up
Barbara Bako, Abuja. DataPro, a Nigerian credit rating agency and compliance consulting firm, has announced a five-day Enterprise Risk Management (ERM) Bootcamp to strengthen the capacity of risk professionals and enhance institutional resilience. The training programme will take
Barbara Bako, Abuja. JAIZ Bank Plc recorded a profit before tax of N31.24 billion in the 2025 financial year, representing a 28 percent increase over the N24.4 billion posted in the previous year, as the non-interest lender sustained
The Federal Government, States and the Local Government Councils have shared a total sum of N2.3 trillion, being May 2026 Federation Account Revenue, at the June 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja. Bawa Mokwa, Director (Press
The Nigerian Government has dismissed reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the publication of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. The Government in
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has returned the management of African Alliance Insurance Plc to a new board appointed by shareholders after an 18-month regulatory intervention that helped restore the company’s financial stability and settle outstanding
Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has shared a total of N2.257 trillion as revenue generated in April 2026 among the Federal Government, states and local government councils. The allocation was approved at the committee’s May 2026
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has pledged the Federal Government’s commitment to improve its communication and engagement with the media to enhance public understanding of its economic policies and agenda. Oyedele who
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