Business Archives - Page 6 of 40

Net Foreign Exchange reserves surge to $23.11bn

NewsDeskNgApr 1, 2025April 1, 20250

Nigeria’s Net Foreign Exchange Reserve (NFER) has surged to $23.11 billion as of the end of 2024, reaching its highest level in over three years. The Central Bank of Nigeria (CBN) attributed this increase to “strategic policy measures aimed at improving external liquidity, reducing short-term obligations, and restoring investor confidence.” This means...

PenCom mandates states to implement CPS

NewsDeskNgMar 27, 2025March 27, 20250

The National Pension Commission (PenCom) has mandated states and local governments to implement the Contributory Pension Scheme (CPS) for a pension-secure Nigeria. The Pension Reform Act (PRA) 2014, in Section 2(1), stipulates that the CPS applies to all public sector employees across the Federation, including the Federal Capital Territory, states, and local...

CBN moves to widen access to finance

NewsDeskNgMar 17, 2025March 17, 20250

With macroeconomic stabilisation taking hold, the Central Bank of Nigeria (CBN) is shifting its focus toward broader financial sector reforms, with financial inclusion as a key priority. Deputy Governor, Corporate Services Directorate of the CBN, Ms. Emem Usoro, made this known during her presentation titled “Accelerating Women’s Financial Inclusion: Unlocking...

‘Security will deepen financial inclusion’

NewsDeskNgMar 14, 2025March 14, 20250

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani has said the security of digital transactions will deepen financial includion in the countrt. He said the launch of Airtel’s spam alert service across its African operations, beginning with Nigeria, will ensure safety of its Nigerian customers when connected...

Group Raises Alarm Over Plot to Frustrate Dangote, Other Local Refineries from Meeting Consumption Demand

NewsDeskNgMar 3, 2025March 3, 20250

A group, the Concerned Nigerians, has raised concerns about an alleged plot to stop the supply of crude oil to domestic refineries, including the Dangote Refinery in Nigeria. According to the group, a cabal within the Nigerian National Petroleum Company Limited (NNPCL) is working with importers of fake petrol to...

Tax Reforms: CSOs Laud Senate, Reps Leadership Over Fair Public Hearing

NewsDeskNgMar 2, 2025March 2, 20250

The Situation Room on Economic Reforms, a coalition of 100 civil society groups in Nigeria, has commended the National Assembly Committees on Finance for conducting a fair and transparent public hearing on the tax reform bills. The hearing, which took place last week, brought together individuals, government agencies, private entities,...

Tax Reforms: CESJET, 50 other CSOs lead support for Tinubu’s Bills At Senate Public Hearing

NewsDeskNgFeb 25, 2025February 25, 20250

As the tax reform bills continue to generate interest across the country, the Centre for Economic and Social Justice (CESJET) and 50 other civil society organizations (CSOs) have intensified its support to ensure that the Bills gain wider acceptance in the country. have thrown their weight behind President Bola Tinubu’s...

Revitalizing Agriculture: FG Distributes N5 Billion Worth of Farm Equipment and Inputs in Jigawa

NewsDeskNgFeb 21, 2025February 21, 20250

In a significant move to support farming activities and promote food security, the Federal Government through the Federal Ministry of Agriculture and food security has distributed N5 billion worth of farm equipment and inputs to farmers in Jigawa State. This effort reaffirms the government’s commitment to agricultural transformation and food...

GREEN REVOLUTION: Nigeria, IFAD Join Forces to Drive Agricultural Growth

NewsDeskNgFeb 15, 2025February 15, 20250

In a landmark move, Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, held a pivotal meeting with the International Fund for Agricultural Development (IFAD) President, Alvaro Lario, during the 48th IFAD Governing Council Meeting in Rome. This strategic engagement yielded a suite of key commitments, including: In a...

Centre Lauds NLC, NCC Parley Over Telcom Tariffs

NewsDeskNgFeb 4, 2025February 4, 20250

*Says Both Institutions Mean Well for the Masses The Centre for Good Governance (CGG) has commended the Nigeria Labour Congress (NLC) and the Nigerian Communications Commission (NCC) for their recent meeting to discuss the 50% increase in telecommunication tariffs. The meeting, which was led by Secretary to the Government of...