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Finance & Economy - Page 328

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

Agro-Economy·News

Global food prices fall for the first time in 12 months – FAO

Food and Agriculture Organisation (FAO) of the United Nations said global food commodity prices fell in June for the first time in 12 months, according to a benchmark United Nations report released today. In a release on Thursday, FAO said its Food

July 8, 2021

Finance & Economy·News

FIRS rakes in historic N650bn profit in June

The Federal Inland Revenue Service (FIRS) said that it made over N650 billion in June 2021, the highest revenue realised in a single month since the assumption of office of the current administration. This was disclosed by the Executive Chairman of the

July 8, 2021

Agro-Economy·Entrepreneurship·News

AfDB bolsters women-empowered businesses with $50m loan to FCMB

The African Development Bank (AfDB) has announced the approval of a $50 million loan to Nigeria’s First City Monument Bank (FCMB) by its Board of Directors for local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. AfDB

July 8, 2021

Nigerias Minister of Finance Zainab Ahmed

Finance & Economy·News

Recurrent expenditure heads to 80% of FG’s budget

The recurrent component of the country’s total spending outlay is heading towards 80 per cent, the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) has suggested. Whereas the ratio of the recurrent expenditure to the total budget of the current

July 8, 2021

Finance & Economy·News

Heirs Holdings’ Entry Echoes Efficiency In Nigeria’s Insurance Sector

Deputy President, NCRIB, Barrister Rotimi Edu (left); Vice President, Mr. Tunde Oguntade; President, NCRIB, Dr Bola Onigbogi; Acting Managing Director/CEO, Heirs Insurance Limited, Dr. Adaobi Nwakuche; Managing Director/CEO, Heirs Life Assurance, Niyi Onifade; and Chairman, Heirs Life Assurance, Dan Okeke at the NCRIB members’ evening in Lagos…on Tuesday,

July 8, 2021

Entrepreneurship·News

New COVID-19 restriction will affect Nigeria’s travel industry, expert warns

Says tour agencies should focus on local destinations Still reeling from the effect of the COVID-19 pandemic on the travel industry in Nigeria, experts fear that the new ban placed on travellers from South Africa, Brazil, India and Turkey by the federal

July 7, 2021

Finance & Economy·News

Nigerian Govt Claims Success in Disbursing N500 Billion COVID-19 Stimulus Package

…Says 36 States Got N50b …Seven Local Airlines Given N2.84B Nigeria’s Federal Government on Monday said its COVID-19 stimulus package had saved the economy from degeneration and saved or created over two million jobs. It ascribed the perceived success to the diligent

July 5, 2021

Southern Governors meeting in Lagos State

Agro-Economy·News

Activists back new deadline for anti-open grazing law in Southern Nigeria

Human rights activists have asked governors of the 17 states in Southern Nigeria to “stand their ground and resist any attempt no matter how brazen by President Muhammadu Buhari to illegally annex the ancestral lands of their states and their native peoples.”

July 5, 2021

Finance & Economy·News

Stock market: CUTIX, NCR start week on top of NGX gainers chart

CUTIX and NCR started the new week on the Nigerian Exchange Limited at the top of the gainers’ chart, coming first and second respectively. To emerge at the top, CUTIX closed the day with N3.30 on Monday, July 05, 2021, as against

July 5, 2021

Finance & Economy·News

‘Nigerians deserve to know how $25bn overdraft was spent’

The federal government owe Nigerians an explanation of how the $25 billion overdraft and loans it obtained from the Central Bank of Nigeria (CBN) since 2015 were spent. Reacting to the suit brought against President Muhammadu Buhari by the Socio-Economic Rights and

July 5, 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 328

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

Global food prices fall for the first time in 12 months – FAO

FIRS rakes in historic N650bn profit in June

AfDB bolsters women-empowered businesses with $50m loan to FCMB

Recurrent expenditure heads to 80% of FG’s budget

Heirs Holdings’ Entry Echoes Efficiency In Nigeria’s Insurance Sector

New COVID-19 restriction will affect Nigeria’s travel industry, expert warns

Nigerian Govt Claims Success in Disbursing N500 Billion COVID-19 Stimulus Package

Activists back new deadline for anti-open grazing law in Southern Nigeria

Stock market: CUTIX, NCR start week on top of NGX gainers chart

‘Nigerians deserve to know how $25bn overdraft was spent’

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