Dangote: Nigeria’s economy can be transformed in a few months Aliko Dangote, chairman of the Dangote Industries Limited, on Thursday said Nigeria’s economy can be turned around in a few months. Dangogte stated this while addressing journalists in Abuja after the inauguration of the presidential economic coordination council (PECC). “What[Read More…]
Fidelity Bank Affirms Industry Leadership with Publication of Its ISSB-Compliant Sustainability Report In demonstration of its leadership in the Sustainability space, leading financial institution – Fidelity Bank Plc – has emerged the first bank to publish its 2023 ISSB-Compliant Sustainability and Climate Report in the Nigerian banking industry.[Read More…]
Tinubu launches N2trn economic stabilisation plan, calls partnership with private sector President Bola Tinubu has announced a N2 trillion economic stabilisation plan. Tinubu unveiled the plan, which aims to revitalise the economy over the next six months, during the inauguration of the presidential economic coordination council (PECC) on[Read More…]
Nigeria Wins Bid To Host $5bn African Energy Bank In a significant triumph, Nigeria has secured the right to host the African Energy Bank’s (AEB) $5 billion headquarters, outpacing rival bids. The decision followed a technical inspection team from the African Petroleum Producers Organisation (APPO) and Afrexim Bank, the[Read More…]
Increasing transaction volumes of non-bank financial firms threatens system stability, Cardoso Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that increasing transaction volumes of non-bank financial institutions threatens the stability of Africa’s financial system. Cardoso revealed this on Monday while addressing the College of Supervisors[Read More…]
Polaris Bank Partners NCF on Land Restoration, Tree Planting In pursuit of its Corporate Social Responsibilities (CSR), Polaris Bank Limited, is partnering the Nigeria Conservation Foundation (NCF), on land restoration through tree planting initiative. The bank’s initiative, kicked off on Monday with a tree planting project[Read More…]
FG to put into record order exempting SMEs, manufacturers from paying withholding tax, Oyedele reveals Chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said the newly approved withholding tax regulation will be published in the official gazette in the coming days. Withholding[Read More…]
NBS says Capital importation rose by 210% in Q1 2024 The National Bureau of Statistics (NBS) has said Nigeria’s capital importation grew by 210.16 percent in the first quarter (Q1) of 2024. According to TheCable, the total capital imported stood at $3.38 billion in Q1 2024, up from[Read More…]
NCC aims to boost 25% telecoms sector contribution to GDP The Nigerian Communications Commission (NCC) has said it is collaborating with the ministry of communications, innovation, and digital economy to implement the right policies to propel the contribution of the telecom sector to gross domestic product (GDP) to 25[Read More…]
Ecobank Nigeria Launches Super Rewards ‘Millionaire Geng Promo’ To Reward over 500 Customers’ for Loyalty Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, has unveiled a deposit mobilisation campaign ‘Ecobank Super Rewards ‘Millionaire Geng Promo’ targeted at rewarding customers’ loyalty. The bank in[Read More…]
