archiveMay 2021

Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has said that Africa needed more fiscal stimulus to engender economic growth and recovery. Okonjo-Iweala spoke at the UBA Africa Conversations 2021 on Tuesday with the theme: “Africa to the World,” held virtually to commemorate Africa Day in Lagos. She...

  The Manufacturers Association of Nigeria (MAN) has advised the Central Bank of Nigeria (CBN) to provide foreign exchange for manufacturers to boost their productivity. Dr Wale Adegbite, a former Chairman of MAN, Ogun Chapter, gave the advice in an interview with the News Agency of Nigeria (NAN) in Ota,Ogun...

  train 1st batch of Ynspyre Project Heritage Bank Plc, Nigeria has joined forces with Silverbird Group to empower and deepen its supports to young entrepreneurs in the Nigeria creative and entertainment industry. This, the bank said, is in line with its culture as timeless wealth partners, which would impact...

 A former diplomat, Dr Nnamdi Onochie, has urged the Federal Government to adopt measures to curb the activities of wicked herdmen to protect the agriculture sector and prevent mass hunger in the country.The former diplomat, who was also a former Commissioner for Special Duties in Delta, made the appeal in...

    The Head of the Lagos Zonal Office of the Economic and Financial Crimes Commission (EFCC) Ahmed Ghali, has called on critical stakeholders in the anti-graft war to join hands with the Commission in tackling the menace of computer-related fraud in the country. He made the appeal on Wednesday,...

  The Ondo State Governor, Mr Rotimi Akeredolu, has lambasted the Senior Special Assistant on Media and Publicity to the President, Mr Garba Sheu, over the latter’s recent comment on the resolutions of the 17 southern governors made at a meeting in Asaba Delta State. Shehu, in a statement allegedly...

Payment System operators have received a new license requirement to operate in Nigeria. The Central Bank of Nigeria (CBN) set new eligibility criteria which includes capital base and stricture. The operators were separated into four categories: Mobile Money Operator (MMO), Payment Terminal Service Provider (PTSP), Payment Solutions Service Provider (PSSP),...

  The Association of Capital Market Academics of Nigeria (ACMAN) says retention of all policy parameters by the Central Bank of Nigeria (CBN) is in line with expectations, due to stagflation.Stagflation refers to an economy that is experiencing a simultaneous increase in inflation and stagnation of economic output. The News...

 The Securities and Exchange Commission (SEC) says it is considering a reduction in its operational staff cost to boost and improve its revenue profile.SEC’s Executive Commissioner, Corporate Services, Mr Ibrahim Boyi, said this in Abuja on Tuesday at an investigative hearing on revenue monitoring organised by the House Committee on...

 Transactions on the Nigerian stock market maintained bearish mood on Tuesday, extending the trading losses to seven consecutive sessions.This was due to sustained profit-taking in Guaranty Trust Bank and 16 others. It came as the apex bank’s Monetary Policy Committee members, at the end of the two-day meeting on Tuesday,...