Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has challenged banks to translate the gains from the recently concluded recapitalisation exercise into increased financing of productive activities and stronger resilience across the financial system. CBN Deputy Governor,
Barbara Bako, Abuja. The Federal Government has introduced a lower interest rate for taxpayers who fail to pay their taxes on time, replacing the previous framework with a new market-based formula that takes effect on October 1, 2026.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called on the international community to scale up the availability of affordable capital to finance infrastructure and development across Africa. Efe Ovuakporie, Head information and Public Relations
The Investments and Securities Tribunal (IST) has said it is set to adopt its new Rules of Engagement after its next board meeting that will be held in Port Harcourt, the Rivers State capital. This forms part of the plan
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 350 basis points to 23 per cent, citing easing inflation, exchange rate stability and stronger external reserves as signs that the economy
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele and the Governor of the Central Bank of Nigeria, Olayemi Cardoso have signed a Memorandum of Understanding (MoU) to strengthen coordination between fiscal and monetary policies and promote
Barbara Bako, Abuja. The Pension Transitional Arrangement Directorate (PTAD) has completed the payment of outstanding Back-End Computation (BEC) arrears to 3,958 pensioners of the defunct Power Holding Company of Nigeria (PHCN) under the Defined Benefit Scheme, disbursing N9.48
Barbara Bako, Abuja. The Federal Government has commenced work on the 2027 Finance Bill with the inauguration of a Technical Subcommittee on Fiscal Policy and Tax Reforms to review Nigeria’s new tax laws, address implementation challenges and strengthen
Barbara Bako, Abuja. Nigeria has returned to a major global bond benchmark after 11 years, with J.P. Morgan including selected Federal Government of Nigeria (FGN) bonds in its new Government Bond Index–Emerging Markets Edge (GBI-EM Edge). The inclusion
Barbara Bako, Abuja. The African Union Commission (AUC) and the African Tax Administration Forum (ATAF) are intensifying efforts to strengthen Africa’s domestic revenue systems as countries across the continent seek more sustainable ways to finance development. The two institutions
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