Financial

Nigeria’s independent revenue crossed the N1 trillion mark in 2021, it was learnt on Wednesday. Minister of Finance Budget and National Planning Mrs Zainab Ahmed stated this at the public presentation of the 2022 Appropriation Act.…

President Muhammadu Buhari on Friday in Abuja signed into law the 2022 Appropriation Bill and the 2021 Finance Bill. The President signed the documents in the Presidential Villa in the presence of Senate President Ahmed Lawan, Speaker of…

The joint committee tackling violation of consumer rights in the money lending industry will shut down illegal businesses at the commencement of its enforcement, the Federal Competition and Consumer Protection Commission (FCCPC) says. Mr…

The House of Representatives on Tuesday passed the 2022 budget of N17.126 trillion against the N16.391 trillion presented by President Muhammadu Buhari. This followed a unanimous adoption of a report laid on the floor of the House during…

The Federal Government of Nigeria has reiterated commitment to transparency and accountability, to ensure participatory budget planning and implementation through the Open Government Partnership (OGP) initiative. Dr Gloria Ahmed,…

The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the   nation’s digital currency. The  Director Corporate Communications Department, CBN, Osita Nwanisobi, made this call at the CBN special day at the…

The Minister of Industry, Trade and Investment, Adeniyi Adebayo, says that sound and accurate financial reporting is critical in ensuring the appropriate utilisation of government funds. Adebayo said this on Tuesday in Abuja at a two-day…

The Nigeria Deposit Insurance Corporation, NDIC, is currently settling the liquidation dividends of depositors of banks whose licenses were revoked by the Central Bank of Nigeria, CBN. The Managing Director of the Corporation, Bello…

The Central Bank of Nigeria, CBN, says banks in the country have remained stable, robust and resilient in spite of the COVID-19 pandemic. The Director, Banking Supervision of CBN, Haruna Mustafa, said this at the 2021 Financial…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has asked the National Assembly to formulate legislation that would regulate cryptocurrency trading to stop operators from using it to perpetrate heinous crimes.…