Oil prices sustained their upward swing on Monday while stock markets trade was mixed as investors weighed worries over high inflation against the reopening of virus-hit economies. A news report by AFP indicated that after Asian indices closed mostly lower, with sharp losses in Hong Kong and Shanghai, Europe pushed higher approaching the mid-way point. […]
In celebration of International Women’s Day and to mark the rollout of the Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth programme, the African Development Bank (AfDB) and the African Guarantee Fund (AGF) are showcasing the first beneficiaries of the AFAWA Guarantee for Growth programme. The programme is an innovation aiming to […]
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday said the apex bank’s Anchor Borrowers’ Programme (ABP) had restated the need for all stakeholders to sustain current efforts championed by the Bank to galvanize agricultural production towards meeting the food and other agro-based requirements of Nigeria’s growing population. Emefiele gave […]
BudgIT, one of the civil society organizations committed to transparency and accountability in Nigeria’s public finance system, has accused some state governments of failing to give account of their states’ COVID-19 expenditures despite repeated demand by it for such disclosure since last year. As part of BudgIT’s mandate to promote transparency and accountability in public […]
Nigeria’s former Finance Minister and Supervisory Minister for Economy, Dr. Ngozi Okonjo-Iweala, on Monday resumed as the new Director General of the World Trade Organisation (WTO) at the organisation’s headquarters in Geneva, Switzerland. Okonjo-Iweala thus becomes the first woman and first African to head the global trade body. Hope that the Nigerian former minister would […]
The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday advised motorists and other fuel users in the country against panic buying as fuel queues resurfaced at the weekend to in Abuja and Lagos. Investigations by BRTNews.ng on the downstream market situation both in Lagos and Abuja showed […]
The United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) has solicited global support to strengthen financial integrity for sustainable development. The call was among the 14 recommendations made by the UN panel at the launch of its new report titled “Financial Integrity for Sustainable Development”. […]
In what seems to be call for the moderation of the Central Bank of Nigeria’s (CBN’s) policy stance on the raging cryptocurrencies’ controversies in the country, the Vice President, Prof. Yemi Osinbajo, on Friday canvassed the regulation of cryptocurrencies rather than outright outlawing the digital currency in the country. Osinbanjo, in his speech at the […]
India’s economy grew 0.4 per cent year-on-year in the final quarter of 2020, ending the country’s first recession since independence. The country’s exit from recessionary slide and modest recovery is partly linked to measures by the government which as eased coronavirus restrictions. A news report by AFP indicated that the country had struggled to claw […]
Borno State Government on Friday warned Ministries, Departments and Agencies (MDAs) to avoid spending out their budgetary provisions and threatened that any defaulting agency will be penalized. The warning came on the heels of the payment of the sum N12 billion by the state government to offset gratuities of 4,862 retirees in the state and […]