By Segun Giwa The Federal Government says the Nigeria Youth Investment Fund (NYIF) has been restructured with a capital base of N110 billion to support youth-led businesses. The Minister of Youth, Dr Jamila Bio Ibrahim, stated this in Akure on Tuesday during a town hall meeting for South-West youths. IbrahimContinue Reading
By Salif Atojoko Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, on Wednesday led representatives of the banking sector to seek clarification from President Bola Tinubu on the Windfall Levy. Speaking to State House correspondents after the meeting with the President, Edun said the bankers soughtContinue Reading
By Kadiri Abdulrahman The Microfinance Banks (MFB) has recorded impressive performance in all key assessment parameters with the total deposits surging by 168 per cent to N1.25 trillion at the end of second quarter 2024. Mr Joshua Ukute, the National President, National Association of Microfinance Banks’ (NAMB’s), said this MondayContinue Reading
By Philip Yatai The Federal Capital Internal Revenue Service (FCT-IRS), has collected and remitted N126.54 billion from January to June 2024. The acting Executive Chairman, Mr Haruna Abdullahi, made this known during the FCT-IRS mid-year news conference in Abuja on Monday. The executive chairman was represented at the event byContinue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says prices of beans, tomatoes, irish potatoes, garri, yam and other food items witnessed significant price increases in June 2024. The NBS said this in its Selected Food Prices Watch report for June 2024 released in Abuja on Tuesday. The reportContinue Reading
By Rukayat Moisemhe Experts have called for the development of a framework aimed at enhancing women’s integration of digital transformation to increase their representation in the technology space. They gave the advice at the Nigerian Institute of Management Chartered (NIM) 2024 Women in Management and Leadership (WIMLEAD) Conference onContinue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC), has said that the 200 million dollar fine against Meta Platforms Inc. and WhatsApp LLC was based on discriminatory practices and sanctionable offences committed. The acting Executive Vice Chairman of the Commission, Dr Adamu Abdullahi, said this at aContinue Reading
AfDB invests $10.9 bn in Nigeria – Official By Lucy Ogalue The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars. Barrow said this at the Second Interactive Session and Workshop on Developing Bankable BusinessContinue Reading
By Lucy Ogalue The Speaker of the House of Representative, Rep. Tajudeen Abbas, says Nigeria can empower youths and women in agriculture with the development and implementation of bankable business proposals. Abbas said this at the 2nd interactive session and workshop on developing bankable business proposals or business plans forContinue Reading
By Kadiri Abdulrahman A financial expert, Mr Okechukwu Unegbu, says the directive by the Central Bank of Nigeria (CBN), that balances of dormant accounts be transferred to it, was in order. Unegbu, a seasoned banker and past president of Chattered Institute of Bankers of Nigeria (CIBN), said this in anContinue Reading
