Access Bank Plc, one of Nigeria’s leading retail banks, has unveiled series of exciting rewards for its customers to celebrate the yuletide season through a campaign tagged ‘More Xtravaganza’ that will run from November 21 to the end of the year. Speaking at the launch of the campaign in Lagos, Victor Etuokwu, Executive Director, Retail […]
The Central Bank of Nigeria (CBN) on Thursday issued a new for the regulatory and supervisory oversight of mortgage guarantee companies (MGCs). The apex bank stated in the guideline titled ‘Regulations For the Operations of Mortgage Guarantee Companies (MGCs in Nigeria’ that the guideline was issued pursuant to the provisions of the Central Bank of […]
The World Bank Group on Thursday reported that although Nigeria is the largest mobile market in Sub Saharan Africa (SSA) with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the country’s rural areas is a key challenge. The Breton Woods institution disclosed this during the […]
The Senate has advised the President Muhammadu Buhari-led government to initiate the process of computerising the nation’s oil sector in line with industry’s best practices globally. The upper chamber of the Legislature pointed out that computerization of the hydrocarbon resources industry would curb the multifaceted challenges associated with the oil and gas production, transportation and […]
The Office of the Auditor-General for the Federation (OAuGF) and the Federal Ministry of Finance Budget and National Planning have signed a Letter of Understanding (LoU) singalling the formal launching of the State Fiscal Transparency, Accountability and Sustainability (SFTAS) programme. The SFTAS is a $750m programme of the Federal Government to reward states for meeting […]
The Food and Agricultural Organization (FAO), has ranked Nigeria as one of the world’s largest producers of yam, accounting for about 64% of the food crop produced globally. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD), Dr. Mohammed Bello, disclosed this in Abuja at the National Awareness Workshop on Yam, organized by […]
The Minister of State Budget and National Planning, Prince Clement Agba, has charged state commissioners of budget and economic planning to devise alternative ways of revenue generation to ensure sustainable development of the nation’s economy. The Minister gave this charge at the Forum of Commissioners of Budget and Economic Planning, Community of Practice (CoP) meeting […]
The Senate has urged the Federal Government to improve funding for the Border Community Development Agency (BCDA) to mitigate the communities’ under-development and improve the welfare of people living in border communities. The call for funding of BCDA was sequel to a motion sponsored by Sen. Sadiq Suleiman and co- sponsored by 21 other senators […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 13.5 percent, leaving other monetary rate parameters, including the asymmetric corridor at +200/-500 basis points around the MPR; the Cash Reserve Ratio (CRR) at 22.5 per cent, and Liquidity Ratio at 30 percent. The […]
The Extractive Industries Transparency Initiative (EITI), an organization championing the cause of transparency and accountability in the global extractive industry, on Monday lauded the Nigerian state-owned oil company, the Nigerian National Petroleum Corporation (NNPC) on timely publication of its financial and other operations’ reports. It therefore urged other public companies in the country to emulate […]