FAAC Disburses N3.473tn to Government Tiers in Q2 2024, NEITI Reports
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that the Federation Accounts Allocation Committee (FAAC) disbursed N3.473 trillion to...
Tag Archives: #Economy
Manufacturers Association Warns of Real Sector Strain as Petrol Price Surges to N855 per Litre
The Manufacturers Association of Nigeria (MAN) has raised concerns over the recent increase in the price of premium motor spirit...
Food Security: Federal Government Begins Sale of Subsidized Rice to Nigerians at N40,000 per 50kg Bag
The Federal Government has launched the sale of 30,000 metric tonnes of subsidized milled rice to Nigerians, pricing each 50kg...
Federal Government to Enforce Fiscal Responsibility as Banks Face Scrutiny Over Loans to State Governments
The Federal Government has vowed to crack down on banks lending to state governments without adhering to the provisions of...
CBN, SEC, NDIC Collaborate to Streamline Bank Recapitalization Process
The Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the Nigeria Deposit Insurance Corporation (NDIC) have...
The Naira’s Decline: Analyzing the Widening Gap Between Official and Black Market Exchange Rates
The Naira, Nigeria's national currency, continues its steep decline, with the black market exchange rate hitting a record high of...
Overcoming the Trust Deficit: How Bundled Insurance Could Revolutionize Nigeria’s Insurance Landscape
In Nigeria, insurance is often viewed with skepticism, a sentiment that has led to one of the lowest insurance penetration...
FG Expresses Alarm As Manufacturers Dump National Grid Despite Record Power Generation
The Federal Government has voiced serious concerns about the increasing trend of manufacturers and industries abandoning the national power grid...
Lagos Floats Sustainability Summit To Champion City’s Resilience
Lagos State Government has floated a new initiative that will advance its vision to create a resilient and sustainable approach...
Infinity Trust Mortgage Bank Acting MD/CEO Ngozi Chukwu Calls for Pro-Growth Government Policies in Nigeria’s Mortgage Industry
The Acting Managing Director of Infinity Trust Mortgage (ITMB) Bank Ngozi Chukwu, has called on the government to implement policies...
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