In a strategic effort to enhance the operations and regulatory oversight of the Central Bank of Nigeria (CBN), the management has recently appointed new directors to various divisions within the institution. The recent appointments at the Central Bank of Nigeria (CBN) are part of a new plan for 2024-2028, which
Chairman of the House of Representatives Committee on Finance Hon. James Faleke confidently stated that the newly enacted tax reform laws will be embraced by all Nigerians. He made this declaration during a focused interview with reporters on Thursday, following the House’s decisive review and approval of four critical tax
Minister of Information and National Orientation, Mohammed Idris, has announced that the country will take the opportunity of the upcoming France Business Forum in Paris to highlight the significant economic progress made under President Tinubu’s leadership. This announcement was made during a meeting in Abuja with the French Ambassador to
The Chairman of United Bank for Africa (UBA) Group and Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, has reaffirmed his commitment to the development of Gabon’s economy following a high-level meeting with the President of Gabon, Brice Oligui Nguema earlier this week.Elumelu who was on official visit to
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government is committed to implementing policies to promote sustainable economic growth. Edun said this in a statement by Mohammed Manga, the ministry’s Director, Information and Public Relations, in Abuja on Wednesday. The News Agency of
The Tinubu Media Support Group (TMSG) says the Nigeria Foreign Exchange code (FX code) recently introduced by the Central Bank of Nigeria (CBN) is the beginning of a new era of regulation in the country’s foreign exchange market.The group stated this in astatement signed by its Chairman Emeka Nwankpa and
Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday, 1st February 2025.The adjustment according to Dangote Refinery isa direct response to the positive outlook within the global energy and gas markets, as well as
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has posted remarkable financial results for the 2024 fiscal year, achieving significant milestones in revenue and profitability.In its audited financial statement released to the Nigerian Exchange (NGX), the company reported a 115% increase in revenue, rising from N142.1 billion
The National Institute of Credit Administration(NICA) the federal government’s plan to launch the National Credit Guarantee Company (NCGC) by the end of June this year. This initiative, announced by President Bola Tinubu during his New Year speech, aims to make it easier for individuals and businesses to access credit, which
Festus Osifo, President of the Trade Union Congress (TUC), underscored the immense potential of Nigeria’s agricultural sector and the importance of addressing the fluctuating exchange rate that affects fuel prices. He shared a constructive vision for revitalizing the economy and offered insights into improving the current government’s approach. Osifo believes