Africa loses $40bn annually to illicit financial flows in extractive sector –ECA
June 7, 2025
Edun seeks int’l financial system reforms to support SDGs Wale Edun, minister of finance and coordinating minister of the economy, says the international financial architecture ought to be structured to proactively support the implementation of the sustainable development goals (SDGs). Edun spoke on Tuesday at the launch of the UNDP[Read More…]
FG seeks speedy national digital ID for all Nigerians The federal government, through the National Identity Management Commission (NIMC), has inaugurated a steering committee on the Nigeria digital identification for development ecosystem project. George Akume, secretary to the government of the federation (OSGF), led the inauguration of the steering[Read More…]
ECOWAS condemns killing of army personnel in Delta The Economic Community of West African States (ECOWAS) has condemned the killing of 16 army personnel in Delta state. In a statement issued on Wednesday, the commission said it is a cowardly act. It also expressed condolences and sympathies to[Read More…]
CBN lifts FX Restrictions on Dairy Products The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN had added milk and dairy products to the list of items not eligible for forex. However, in a[Read More…]
Tony Elumelu Foundation set to announce Flagship Entrepreneurship Programme The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, is set to announce its 1,200 African entrepreneurs across 54 African countries as beneficiaries of its flagship Entrepreneurship Programme. In a statement on Thursday, Elumelu said the announcement will[Read More…]
Subsea Cable Cut: Services fully restored, says MTN Following subsea cable disruptions on Thursday, Bayobab Group, a subsidiary of MTN Group, has announced the successful restoration of its operations. The telecom operator disclosing this on Tuesday in a statement said its subsidiary demonstrated its capabilities by swiftly recovering over 3[Read More…]
CBN to hold MPC meeting March 25 and 26 The Central Bank of Nigeria (CBN) has announced that it will hold its 294th monetary policy committee (MPC) meeting next week. In a statement on Wednesday, the apex bank said the meeting scheduled to be held on Monday, March 25,[Read More…]
No more mining licences without plans for local refining, Dele Alake tells firms Dele Alake, minister of solid minerals development, has said that there will be no more mining licences for investors without plans for local value addition. Alake spoke when members of the house representatives committee on solid minerals[Read More…]
NLC demands Abure’s removal, Barricades LP Secretariat Members of the Nigeria Labour Congress (NLC) on Wednesday barricaded the secretariat of the Labour Party in protest of an alleged attempt by the party’s national chairman, Julius Abure, to extend his stay in office. The protesters also demanded the sack[Read More…]
Adaora Umeoji appoints first female CEO of Zenith Bank Zenith Bank has appointed Adaora Umeoji as its new group managing director and chief executive officer (GMD/CEO). The bank stated this on Tuesday, in a corporate filing on the Nigerian Exchange Group (NGX), signed by Michael Osilima, its secretary. [Read More…]