The Co-founder and Chief Executive Officer (CEO) of Flutterwave, Olugbenga Agboola, has maintained that the company remains committed to its planned Initial Public Offering (IPO) in spite of the current whirlwinds in the global digital payment space in order to realize its targets. The fintech expert, who gave this hint in an interview with Bloomberg […]
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the management and staff of the Ministry of Finance and Nigerians to support the ongoing efforts of President Bola Tinubu aimed at growing the economy and positioning Nigeria on the path of sustainable growth. The Minister, who gave this […]
The Lagos Chamber of Commerce and Industry (LCCI) has called on President Tinubu-led administration to urgently embark on institutional reforms to complement its ongoing initiatives targeted at sustaining the nation’s economic growth. The President of the organized private sector (OPS) group, Dr. Michael Olawale-Cole, made the call at the end of the 2023 Mid-Year Economic […]
The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Founder Institute (FI) has unveiled its plans to launch new 17 portfolio companies that have been trained in its Technology Incubation and Innovation Centre (TIIC) Information from the Board indicated that the launch of the companies would hold this Thursday at the Nigerian Content […]
The National Agency for Science and Engineering Infrastructure (NASENI) has opened discussions with Czech Republic’s Ambassador to Nigeria, Mr. Zdeněk Krejčí, to secure support for its efforts aimed at resuscitating the Delta-2 project. The project is a technology transfer programme between Nigeria and the Czech Republic, which commenced in 2020 but the implementation could not […]
After about two years of suspending foreign exchange (FX) supply to Bureau De Change (BDC) operators in the country, the Central Bank of Nigeria (CBN) has announced the restoration of FX supply to the unofficial market dealers as part of its efforts to achieve improved efficiency of FX markets and stabilize the Naira exchange rate. […]
The Director-General of the Nigeria Employers Consultative Association (NECA), Mr. Adewale Oyerinde, has expressed concerns about the Federal Government’s allocation of N185 billion to the 36 states and the Federal Capital Territory at N5 billion each, warning that if not guided by some expenditure framework, could be misappropriated. The Director-General, who expressed this position during […]
The Federal Government’s reformative moves to boost performance of the nation’s economy appears to be yielding no tangible results as the latest report by the World Bank Group on the African economy reflected that the country recorded an estimated GDP of $477.4 billion in 2022, which positioned it at 18th position on the continental ranking […]
The Nigeria Electronic Fraud Forum reported on Friday that Nigerian banking industry lost about N9.5 billion to electronic frauds in 2023, indicating that the digital infrastructure in the financial system are still subject to manipulation by cyber criminals. Worried by the negative implications of the surging rat of e-fraud for the economy, the Forum has […]
The Debt Management Office (DMO) has offered for subscription a 2-Year Federal Government of Nigeria (FGN) Savings Bond with a maturity date of August 1,6th, 2025, with an annual interest rate of 9.634% as well as a 3-Year FGN Savings Bond due on August 16th, 2026, offering an annual interest rate of 10.634%. The Office […]