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Ahmed said the federal government intends to remove some unnecessary items from the budget in order to cut the cost of governance in the...
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On May 21, 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 295th meeting with a pivotal decision:...
The People’s Redemption Party (PRP) has voiced concerns over Nigeria’s reliance on the economic policies of the Bretton Woods Institutions. These institutions, which include...
Nigeria’s recent announcement of its ₦5.4 trillion expenditure on fuel subsidies has generated significant discussion and concern. The Minister of Finance and the Coordinating...
Guaranty Trust Holding Company Plc (GTCO), Africa’s leading financial services institution, has been named Nigeria’s strongest brand and Best Banking Brand by Brand Finance...
The Federal Government of Nigeria recently announced a $3.5 billion agreement with the African Export-Import Bank (Afreximbank). This deal aims to enhance the textile...
Ahmed said the federal government intends to remove some unnecessary items from the budget in order to cut the cost of governance in the...
Chief Economist at SEC, Okey Umeano, said that SEC supports an efficient market and has no interest in creating regulatory roadblocks for the industry.
The Board also approved a 12-month transition period, effective 27 April 2021.
Out of N5.076 trillion, the service generated N4.9 trillion in 2020 despite the nationwide lockdown occasioned by the COVID-19 pandemic.
Beneficiaries of diaspora remittances through the IMTOs will have such inflows in foreign currency (US dollar) through the designated bank of their choice.
The results in respective increase of 5.2, 6.6 and 7.2 percent compared to the preceding quarter.
A total of N40.241 billion was shared to the relevant states as 13 percent derivation revenue.
The finance minister emphasised the importance of the capital market as a channel through which government budget and economic infrastructure deficits can be financed.
The target of the CBN are Nigerians in the diaspora who they want to offer N5 for every $1 remitted to Nigeria.
To be eligible, the diaspora remittances need to be processed and received from one of the registered IMTOs and funds received into a Bank...