By Nana Musa The Director of the African Department at the International Monetary Fund (IMF), Abebe Selassie, has commended Nigeria’s bold economic reforms and urged continued support for vulnerable citizens. Selassie made the commendation during a press conference on the regional economic outlook for Sub-Saharan Africa in Washington D.C. onContinue Reading
By Kadiri Abdulrahman The United Bank for Africa (UBA) has posted a gross revenue of N3.19 trillion and a profit after tax of N767 billion for the 2024 financial year. Mr Tony Elumelu, Chairman, Board of Directors of UBA, made this known at the bank’s 63rd Annual General Meeting (AGM)Continue Reading
Report suspected Ilegal investment schemes to us- SEC By Taiye Olayemi The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action. Continue Reading
By Taiye Olayemi The Securities and Exchange Commission (SEC) has called for joint efforts to drive transformational financial markets across Africa and the Middle East. Dr Emomotimi Agama, SEC Director-General, made this call at the 2025 Africa and MiddleContinue Reading
By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) on Thursday listed Legend Internet Plc, a Nigerian telecommunications company. Legend’s N2 billion ordinary shares, with a par value of 50 kobo each, were listed at N5.64 per share. The Chairman of NGX Group, Dr Umaru Kwairanga, who welcomedContinue Reading
By Kadiri Abdulrahman Taxation stakeholders have called for ethical tax practices to enable the nation boost its non-oil revenue. The stakeholders spoke at the 52nd induction ceremony of the Chartered Institute of Taxation of Nigeria (CITN) in Abuja on Thursday. Prof. Yusuf Ali, the Special guest of honour at theContinue Reading
By Lucy Ogalue The Auditor-General for the Federation, Mr Shaakaa Chira, on Wednesday, said that strategic collaboration among stakeholders was critical to enhancing accountability and winning the war against corruption in Nigeria. Chira said this at a One-day Strategic Stakeholders’ Engagement Workshop by the Office of the Auditor-General for theContinue Reading
By Nana Musa Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has assured investors that Nigeria is safe for investment. Edun said this at the Nigeria Investment Forum, at the ongoing World Bank/International Monetary Fund (IMF) Meetings in Washington D.C. According to the Minister, effortsContinue Reading
By Taiye Olayemi The insurance industry has recorded 61 per cent year-on-year increase in third quarter (Q3) of 2024, reaching N1.2 trillion. Mr Kunle Ahmed, Chairman of Nigerian Insurance Association (NIA), disclosed this during a quarterly news conference on the performance of the industry by the association in Lagos.Continue Reading
By Muhammad Nur Tijani The National Pension Commission (PenCom) has announced the recovery of ₦1.58 billion from defaulting employers through enhanced enforcement efforts. This information was shared by the Director General of PenCom, Ms Omolola Oloworaran, on Wednesday in Kano during the First Run 2025 Consultative Forum for States andContinue Reading
