The Federal Government, States and the Local Government Councils have shared a total sum of N1.659 trillion, being May 2025 Federation Account Revenue at the June 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. Confirming the amount, Bawa
The Central Bank of Nigeria (CBN) has introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided, mostly in response to the economic impact of the COVID-19 pandemic as part of
President Bola Ahmed Tinubu this Monday in Abuja declared open the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), emphasizing the need for collective action and regional cooperation among African countries to achieve transformative development. Represented by Vice
The Central Bank of Nigeria (CBN) has debunked reports suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications
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
The African Medical Centre of Excellence (AMCE) officially opened this Thursday, marking a historic milestone in Africa’s journey towards healthcare sovereignty. The US$300 million tertiary medical facility, developed by African Export-Import Bank (Afreximbank) in partnership with King’s College Hospital London,
The Accountant General of the Federation (AGF), Mr Shemseldeen Babtunde Ogunjimi has reaffirmed that the Office of the Accountant General of the Federation (OAGF) will continue to support the Federal Road Safety Corps (FRSC) in its effort to ensure safety on Nigerian roads.
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
The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective
The Federal Government has commenced payment of the N35,000 wage award arrears to federal government workers. This was disclosed in a statement by the Office of the Accountant General of the Federation (OAGF) signed by Bawa Mokwa Director Press and
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