The Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira in a step towards enhancing Nigeria’s refining capacity to promote economic growth and development of the
Ecobank has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event; they were selected from a cohort of 40 highly competitive Fintechs that made it to the semi-final stage of the competition.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has met with relevant stakeholders with a view to ensuring the realization of a policy objective of the Federal Government that seeks to sell crude oil to local
The Nigeria Deposit Insurance Corporation NDIC says it has successfully reimbursed about 82.36% of the total insured deposit of the defunct Heritage Bank to date; the direct payment was done through BVN-linked alternate accounts without the need for depositors to
The African Export-Import Bank (Afreximbank) says it plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026. Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, made the disclosure while addressing
Nigeria is collaborating with the United States of America to strengthen bilateral relations and explore new frontiers for economic partnership. This came to the fore when the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun hosted
The Central Bank of Nigeria (CBN) has sold $876.26 million to 26 qualified commercial banks at N1,495/$1 as the Retail Dutch Auction system returns. The apex regulator in a statement signed by Dr Omolara Omotunde Duke, Director, Financial Markets Department
The Commissioner for Insurance National Insurance Commission (NAICOM) Mr. Olusegun Ayo Omosehin has assured the Chief Executive Officer of the National Data Protection Commission (NDPC) Mr. Vincent O. Olatunji of the commission’s readiness to for a collaboration that will ultimately
The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. The bank said the strategic move is designed to bolster the stability of
The Board of Governors of the International Monetary Fund IMF, the highest decision-making body of the fund, has increased the number of Executive Directors to 25. The resolution to increase the number of Executive Directors on the IMF’s Executive Board
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