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Finance & Economy - Page 309

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

Nigeria’s macroeconomic environment stabilised in 2025, setting the stage for stronger business activity and private-sector-led growth in 2026, according to the Centre for the Promotion of Private Enterprise (CPPE), Prime Business Africa reports. In its Review of the Nigerian Economy in 2025

December 31, 2025

Finance & Economy·Top Stories

Nigeria’s Economy To Grow By 2.6% In Second Quarter

FINANCIAL Derivatives Company (FDC) has predicted that Nigeria’s economy will grow by 2.6% in the second quarter of this year, up from 0.51% in the first quarter. Analysts at FDC, headed by economic expert, Mr Bismarck Rewane, hinted that the expansion of

August 24, 2021

Finance & Economy·Top Stories

Bitcoin Rises Above $50,000

BITCOIN returned to above $50,000 on Monday for the first time in three months as investors stack back into the cryptocurrency on bargain-buying. The unit ascended around 2% to $50,249.15, its highest since mid-May, when it began tumbling on a range of

August 23, 2021

Fayemi Debunks Report Of Alleged N4bn Fraud Case At EFCC

Finance & Economy·Top Stories

Governors Canvass 42% Of National Revenue For States

GOVERNORS have recommended that 42% of national revenue accruing to the Federation Account go to states and 35% to the Federal Government. Ekiti State Governor and Chairman of the Nigeria Governor’s Forum (NGF), Dr. Kayode Fayemi, disclosed this while speaking at a

August 23, 2021

Finance & Economy·Top Stories

Fintech Can Transform Capital Market – NGX CEO

THE Chief Executive Officer of the Nigerian Exchange Limited, Mr Temi Popoola, has said fintech companies have the potential to transform the capital market and effectively build a digital economy. He made this assertion at the 2021 National Workshop of the Chartered

August 23, 2021

Finance & Economy·Top Stories

CBN Warns Microfinance Banks Against Selling Forex

THE Central Bank of Nigeria(CBN) has issued a warning to microfinance banks against performing activities that they are not permitted to indulge in, which includes wholesale backing and foreign exchange transactions. This was communicated in a circular titled, ‘Cessation of non-permissible activities

August 22, 2021

Finance & Economy·News

Vertical Revenue Sharing Formula Will Be Reviewed By FG – RMFAC

THE Federal Government has said it will review the extant vertical revenue allocation formula to the three tiers of government in the country. The Commissioner, Revenue Mobilisation and Fiscal Allocation Commission, Alhaji Modu Aji, states this at an interactive session with officials

August 22, 2021

Finance & Economy·Top Stories

Federal Goverment’s August Bonds Oversubscribed, Says DMO

THE Debt Management Office says Federal Government’s bonds for August worth N150bn was oversubscribed by N210.02bn. The bonds were auctioned on Wednesday with a total subscription of N360.02bn received from investors, comprising N77.69bn for 13.98% FGN February 2028 bonds, N104.95bn for 12.40% FGN

August 21, 2021

Currency·Finance & Economy·Top Stories

Facebook To Introduce Crypto Wallet, Novi

FACEBOOKon Friday announced that it would soon introduce its cryptocurrency wallet named Novi Digital Wallet, saying the wallet would be tied to the Diem Blockchain system. Facebook’s financial services chief and a board member of Diem, David Marcus, stated that the present

August 20, 2021

News·Oil & Gas

International Oil Firms Owe NDDC $4bn

OIL companies operating in the Niger Delta are owing the Niger Delta Development Commission (NDDC) over $4bn, the Federal Government has said. Minister of State for Niger Delta Affairs, Tayo Alasoadura, said the debt owed the NDDC had been accumulating over a

August 20, 2021

Finance & Economy·Top Stories

Four Arrested For Alleged Killing Of PoS Operator, Uber Driver

MEN of the Ogun State Police Command have arrested four people for allegedly killing a Point-of-Sale terminal operator, Abiodun Odebunmi, and Uber driver, Idowu Ademiluyi. After stealing N4m from Odebunmi, the suspects, identified as Kehinde Jelili aka Oluomo, Abiodun Akinola, Johnson Fakeye,

August 20, 2021

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GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

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

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Finance & Economy - Page 309

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

Nigeria’s Economy To Grow By 2.6% In Second Quarter

Bitcoin Rises Above $50,000

Governors Canvass 42% Of National Revenue For States

Fintech Can Transform Capital Market – NGX CEO

CBN Warns Microfinance Banks Against Selling Forex

Vertical Revenue Sharing Formula Will Be Reviewed By FG – RMFAC

Federal Goverment’s August Bonds Oversubscribed, Says DMO

Facebook To Introduce Crypto Wallet, Novi

International Oil Firms Owe NDDC $4bn

Four Arrested For Alleged Killing Of PoS Operator, Uber Driver

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