Economy
RCCG Empowers 1000 Young Entrepreneurs
The Redemption City Career Fair, hosted by the Redeemed Christian Church of God (RCCG),brought together over 1000 youths, focusing on promoting job creation ...
Economy
FG, BOI To Distribute N75bn Single Digit Loan To MSMEs
The Federal Government in collaboration with the Bank Of Industry (BOI) will begin the disbursement of loans worth N75billion to micro, small and ...
Economy
NYSC Members Receives Wema Bank Entrepreneurship Cash Grants
Some young entrepreneurs at the National Youth Service Corps Orientation Camp in Yikpata, Edu Local Government Area of Kwara State, North Central Nigeria, ...
Economy
Gov. AbdulRazaq Lauds Private Sector’s Role In Economic Development
Kwara State Governor AbdulRahman AbdulRazaq on Monday declared open the 10th Kwara Trade Fair in Ilorin, pledging continuous upgrade of existing infrastructure and ...
Economy
CBN To Freeze Bank Accounts Without BVN, NIN Starting April 2024
The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from ...
Economy
Recapitalisation: Don’t Make The 2005 Mistakes, Economists Warn CBN
With plans by the Central Bank of Nigeria (CBN) to introduce a new capital base for deposit money banks in Nigeria, economists have ...
Economy
Nigeria, Germany sign $500m pact for renewable energy, gas export
Nigeria and Germany, on Tuesday, expanded their partnership as they signed two Memoranda of Understanding (MoU) on the supply of gas from Nigeria ...
Economy
Fuel subsidy removal: Nigeria records over N1trn monthly revenue inflow – FG
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has said the Federation Account is witnessing improved revenue inflow since ...
Economy
LIRS Announces Deployment of Upgraded Revenue Collection Process for Hospitality Sector
The Lagos State Internal Revenue Service (LIRS) has announced the immediate deployment of an upgraded process for the collection of Hotel Occupancy and ...
Economy
Kwara govt signs partnership deals with NEXIM
Kwara State Government has struck a partnership deal with the Nigerian Export Import Bank towards facilitating export-related industrialization and investment promotions around local ...
Economy
UK-Based Nigerian Entrepreneur Unveils Fintech app, targets £200,000 pounds to 200SMEs in first quarter of 2024
In a bid to enhance employment opportunities and create jobs for Small and Medium Enterprises (SMEs), a United Kingdom based Nigerian Enterprenuer, Mr. ...
Economy
Revenue: FAAC shares N903.480bn to FG, States, LGs
The Federation Account Allocation Committee (FAAC) has shared N903.480 billion for September 2023 Federation Account Revenue to the Federal, state and Local Governments. ...
Economy
Subsidy removal, exchange rate unification have achieved desired objectives — Tinubu
Amidst the inflationary impact of the removal of petrol subsidy, President Bola Tinubu has indicated that the measure has achieved desired objectives. But leading economists and investment ...
Economy
IMF raises alarm over rising inflation
The International Monetary Fund, IMF, has raised alarm over the negative effects of high inflation on consumption of goods and services in the country, ...
Economy
Industrialist Damilola Shittu Seeks Govt Support for Importation, Reduction in Loan Interest
An Industrialist, Mr. Damilola Shittu, has called on the Federal government to control the rate at which finished goods are being imported to ...
Economy
Market Forces Can Never Stabilise Naira, Govt Must Intervene – Oshiomhole
Senator Adams Oshiomhole says government must intervene to stabilise the country’s currency, the naira, saying market forces cannot do such. Nigeria’s currency exchanges ...
Economy
MAN seeks end to Multiple Taxation, delay in Issuance of C/O Certificates
Manufacturers Association of Nigeria (MAN) Kwara/Kogi States branch on Tuesday tasked both federal and state governments to harmonize the taxation system which often ...
Economy
Zenith Bank, GTCO, Access, 8 others rake in N72.723bn from maintenance charges
Zenith Bank, Access Holdings, GTCO, UBA and eight other banks listed on the floor of the Nigerian Exchange raked in a whopping N72.723 ...
Economy
Tinubu lauds $14bn investment pledges at Nigeria-India economic roundtable
President Bola Tinubu has commended Indian investors for significant investment pledges amounting to $14 billion committed during the Nigeria-India Presidential Roundtable and Conference ...
Economy
FG ends borrowing for now – Minister of finance
The federal government has said that it is no longer in a position to borrow more money but will rather seek to create ...
Economy
CBN to crackdown on dollars’ speculators, set to stabilize naira
The Central Bank of Nigeria (CBN), Monday disclosed that it will reverse the slide of the naira as it has lined up intervention ...
Economy
Hard times: What we told Tinubu – WTO DG Okonjo Iweala
The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, said Nigeria needs to introduce community and
Economy
ALAT by Wema Unveils Exciting Summer Internship Programme
ALAT by Wema, a trailblazing digital bank, has announced the launch of its eagerly anticipated Summer Internship Program which will not only serve ...
Economy
CBN’s currency floating policy will kill the Naira — renowned economist, O. A. Lawal
RENOWNED economist and author, Dr. O.A Lawal has told the Central Bank of Nigeria (CBN) to stop the Naira floating policy it introduced ...
Economy
2023: Economist Intelligence Unit report an embarrassment – Atiku
The Peoples Democratic Party (PDP) 2023 presidential candidate, former vice president, Atiku Abubakar, has described the Economist Intelligence Unit report on the election ...
Economy
Wema Bank showcases strong performance – Doubles Profitability. Commences Rights Issuance in Q3
WemaBank announces its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, ...
Economy
CAC to delist 100,000 companies from database
The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the ...
Economy
CBN moves interest rate to 18.75%
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 25 basis points to ...
Economy
FIRS Rakes In N5.5Trillion In Six Months
The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June ...
Economy
Wema Bank Launches Season 3 of 5 for 5 Promo, Rewarding Customers with N90m Cash Prizes
Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch ...
Economy
Kwara govt. reiterates commitment to business-friendly environment, hails BOI contributions to SMEs
Kwara State Government on Monday expressed satisfaction that more businesses are springing up in the state owing to the business friendly policies and ...
Economy
Nigeria’s public debt climbs to N49 trn
Nigeria’s total public debt as of March 31, 2023 has grown to N49.95 trillion ($108.30 billion). The country’s public debt added another N3 ...
Economy
5,545 Business Owners to benefit from second phase of NG-CARES for MSMEs in Kwara
Kwara State Governor, AbdulRahman AbdulRazaq has approved the inclusion of Nano Businesses to benefit from the 5,545 second phase of the Kwara NG-CARES ...
Economy
CBN lifts cash deposit restriction on domiciliary accounts
The Central Bank of Nigeria (CBN) has lifted its restriction on domiciliary accounts while allowing account holders to make withdrawals of up to ...
Economy
Nigeria Belgium Luxembourg Business Forum gives hope for FDI
About 180 participants from several European countries and Nigeria participated at the just concluded Nigeria Belgium Luxembourg Business Forum in Brussels with many ...
Economy
Wema Bank Launches Phygital, Its New in-branch Self Service Offering
Wema Bank Plc, the leading financial institution in innovation and technology has launched Phygital Branch, a self-service platform that combines the best aspects ...
Economy
LIRS, FIRS Issue Public Notice on joint tax audit/investigation
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding ...
Economy
Nigeria-Belgium-Luxembourg Business Forum kicks off June 7
All is set for the Nigeria–Belgium–Luxembourg Business Forum holding in Luxembourg and Brussels from June 7 to 9, 2023. The Business Forum is ...
Economy
CBN debunks Naira devaluation report
The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report by Daily Trust Newspaper of June 1, 2023, ...
Economy
Wema Bank SME Business School Trains 250 SMEs in Benin City
Small and medium enterprise (SME) owners at the just-concluded Wema Bank SME Business School held in Benin have lauded the bank for the business transformation ...
Economy
Access Bank gives grants to NYSC members
Access Bank has rewarded 55 members of the batch A, stream two of the National Youth Service Corp (NYSC) with various cash grants. ...
Economy
Unemployment: Abia governor to launch N10bn MSME fund
The new Governor of Abia, Dr Alex Otti, on Monday, said his administration will within the next month, launch a N10 billion Micro, ...
Economy
CBN revokes licenses of 132 microfinance banks, others
The Central Bank of Nigeria has revoked the operating licenses of 132 microfinance banks in the country, alongside those of four primary mortgage ...
Economy
Dangote refinery to generate 135,000 jobs, says Emefiele
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the Dangote Oil Refinery is expected to generate 12,000 megawatts of ...
Economy
Our petroleum products to hit market July – Dangote
The Chairman of Dangote Group, Aliko Dangote, has said that the first tranche of petroleum products from the refinery will be supplied to ...
Economy
Ministry of Foreign Affairs launches online business matching portal
President Muhammadu has called for sustained use of digital tools by Government Ministries, Departments and Agencies to encourage the ease of doing business. ...
Economy
Wema Bank Launches SME Business School 5.0
Wema Bank, the leading innovative bank in Nigeria, has announced the launch of its flagship capacity-building programme for small and medium-sized enterprises (SMEs) ...
Economy
Banks get 30-day deadline to close accounts without BVN
The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). ...
Economy
$100m fund to boost fisheries
World Wildlife Fund(WWF) and Finance Earth (FE) have launched $100 million initiative to ensure the transition to more sustainable fisheries worldwide. The ...
Economy
KCCL Inaugurates Solar-Powered Cold Room In Kwara, Pledges Affordable Prices
An Agricultural Value Chain Company, KCCL on Thursday inaugurated a fully solar-powered cold room in Ilorin, Kwara State. A technology-innovative cold room which ...
Economy
Abdulrazaq excited as new multimillion naira cashew firm begins operation, Why we set up in Kwara – official
Kwara State Governor AbdulRahman AbdulRazaq on Monday said the administration is committed to making the business climate more friendly for investments, commending the ...
Economy
Wema Bank Celebrates 78th anniversary, ALAT at six
Lagos, Nigeria – Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is ...
Economy
Kwara engages stakeholders, to adopt Nigeria Startup Act
Kwara State Government has commenced the process of adopting the Nigeria Startup Act, which aims to provide support to startups and new businesses ...
Economy
NG-CARES: FG releases N45.3b reimbursement to states, FCT – Obaje
The Federal Government has approved the release of N45.3 billion as reimbursement to States and the FCT for the implementation of the Nigeria ...
Economy
Prioritise productive sector to lift economy, manufacturers tell new govt
The Manufacturer Association of Nigeria (MAN) has urged the in-coming administration to give maximum priority to the productive sector, noting that the economy ...
Economy
FG bars online banks from accessing customers’ photos, contacts
Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023. This came as ...
Economy
China meets Tinubu on trade, diplomatic relations with Nigeria
The Chinese government said its delegation headed by its ambassador to Nigeria has met with President-elect Bola Tinubu to discuss diplomatic and trade ...
Economy
Kwara to offset debt with excess crude account deductions
The Kwara state executive council has approved offset of its local debt stock with the outstanding payment of its share of the federal ...
Economy
FG approves 173 loan apps, bars illegal online banks
The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the country. Of the 173, 119 have ...
Economy
Moruf Oseni takes over as the MD/CEO of Wema Bank Plc
Wema Bank Plc has announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in ...