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Finance & Economy - Page 335

Africa·Business News·Oil & Gas·Top Stories

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

September 21, 2026

Kenyan President William Ruto met Nigerian industrialist Aliko Dangote and Africa Finance Corporation (AFC) President Samaila Zubairu in New York on Monday, September 21, 2026 to discuss financing and preparations for a

Curbing The Monster Of Vote-buying In The Electoral System

FEATURES·Finance & Economy

Nigeria’s Cost-of-Living Crisis Raises Vote-Buying Concerns Ahead of 2027

September 20, 2026

Nigeria is approaching the 2027 general election with inflation easing but the cost of living still weighing heavily on households, raising concerns about how economic vulnerability could interact with vote buying and

Finance & Economy·Top Stories

Capital Budget Receives Boost As FG Releases N1.3trn Fund

THE Federal Government has released N1.3trn to fund part of the 2021 capital expenditure budget of its Ministries, Departments and Agencies, MDAs. The amount represents 63.5% of capital budget of the year. Director General, Budget Office of the Federation, Mr. Ben Akabueze,

August 25, 2021

Oil & Gas·Top Stories

Lawan Denies Taking Bribe To Pass PIB

PRESIDENT of the Senate, Dr. Ahmad Lawan, has denied the allegation that the leadership of the National Assembly and its members collected huge sums of money to pass the controversial Petroleum Industry Bill into law. The Senate President said the report that

August 24, 2021

Finance & Economy·News·Top Stories

IMF Begins Allocation Of $650bn SDR To Member States

THE International Monetary Fund (IMF) has commenced the allocation of its $650bn Special Drawing Rights to member countries. The Managing Director of IMF, Ms Kristalina Georgieva, said it was the largest allocation of SDR in history. “The allocation is a significant shot

August 24, 2021

Currency·Finance & Economy·Top Stories

Dogecoin Holders Increase From 9% To 25% In Six Months

A blockchain data platform, Chainalysis has said dogecoin, one of the major cryptocurrencies, is now being adopted by new investors at levels not seen since 2017. In a market intelligence report on dogecoin, the platform stated that 82% of DOGE in circulation

August 24, 2021

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

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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Finance & Economy - Page 335

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

Nigeria’s Cost-of-Living Crisis Raises Vote-Buying Concerns Ahead of 2027

Capital Budget Receives Boost As FG Releases N1.3trn Fund

Lawan Denies Taking Bribe To Pass PIB

IMF Begins Allocation Of $650bn SDR To Member States

Dogecoin Holders Increase From 9% To 25% In Six Months

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

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Finance & Economy - Page 335

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