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Finance & Economy - Page 273

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Finance & Economy

FIRS Extends Deadline for Waiver Of Interest, Penalties On CIT

The Federal Inland Revenue Service (FIRS) has announced additional and final one-month extension of its waiver for penalties and interest for companies with outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns.

December 2, 2021

Finance & Economy

NGX Facilitates N6.71trn Financing In 2021

Nigerian Exchange Limited (NGX or The Exchange) says it has facilitated needed financing of over N6.71trillion raised by governments and corporates across various asset classes in 2021.

December 2, 2021

Finance & Economy

Africa Data Centres Begins $500m Investment Journey To Digital Transformation

AFRICA Data Centres, the largest network of interconnected, carrier- and cloud-neutral data centre facilities on the continent has announced official opening of its new 10MW data centre facility in Lagos, Nigeria.

December 2, 2021

Finance & Economy

Africa’s GDP To Grow By $420bn In 2025 Through AfCFTA Implementation – Experts

African economic integration agenda as enshrined in the African Continental Free Trade Agreement (AfCFTA) has the potential to engender robust industrial development and encourage free trade and enterprise cooperation across sectors on the continent

December 1, 2021

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

Finance & Economy

FG’s Capital Market Debt Servicing Gulps N2.18tn In 10 Months – Report

Servicing of debts acquired through instruments issued by the federal government in the Nigeria capital market totaled N2.18tn as of October 30. Reports obtained by Prime Business Africa showed that data from listed debt instruments on the FMDQ Exchange revealed that repayments

November 30, 2021

Finance & Economy

CIBN President Says eNaira ‘II Deepen Financial Inclusion

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Dr Bayo Olugbemi has commended the introduction of the country’s first digital currency, eNaira, saying it was part of measures to deepen financial inclusion and integrate millions of unbanked Nigerians into

November 29, 2021

Finance & Economy

We Have 97% Of Bank Depositors Under Our Cover, NDIC Boasts

The present coverage limit of N500,000 under the Nigeria Deposit Insurance Corporation (NDIC) guarantee, fully covers over 97per cent of depositors and engenders confidence in the Nigerian banking sector. Managing Director/ Chief Executive Officer NDIC, Hassan Bello, who disclosed this over the weekend

November 29, 2021

Finance & Economy

‘Pension Fund VI Will Boost Investable Assets In Non-interest Funds’

The Pension Fund VI designed by the National Pension Commission, (PENCOM), for Shariah-compliant workers and investors would create new instruments in the non-interest finance market in 2022. Mrs. Abimbola Sulaiman, Head, Investment Management, ARM Pension Managers (PFA) Limited, made this assertion while

November 29, 2021

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Finance & Economy

World Bank Says Nigeria’s Exchange Rate Policy Discourages Investors

The World Bank has said that the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country That was contained in the November edition of Bank’s Nigeria Development Update, saying there had been intense pressure on the

November 29, 2021

Finance & Economy

Liquidity Boost Expected On Maturing N54.30 Billion OMO Bills

There are expectations that activity in the money market will be slightly bullish as the market expects a liquidity boost from the maturing N54.30 billion worth of OMO bills. Meanwhile, domestic investors are concentrating more on short-term lending to the Federal Government

November 29, 2021

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Finance & Economy - Page 273

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

FIRS Extends Deadline for Waiver Of Interest, Penalties On CIT

NGX Facilitates N6.71trn Financing In 2021

Africa Data Centres Begins $500m Investment Journey To Digital Transformation

Africa’s GDP To Grow By $420bn In 2025 Through AfCFTA Implementation – Experts

FG’s Capital Market Debt Servicing Gulps N2.18tn In 10 Months – Report

CIBN President Says eNaira ‘II Deepen Financial Inclusion

We Have 97% Of Bank Depositors Under Our Cover, NDIC Boasts

‘Pension Fund VI Will Boost Investable Assets In Non-interest Funds’

World Bank Says Nigeria’s Exchange Rate Policy Discourages Investors

Liquidity Boost Expected On Maturing N54.30 Billion OMO Bills

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