Business News
Business and economic news from Nigeria and around the world.
SEC expresses worry over resurgence of Ponzi schemes, illegal fund managers
The Securities and Exchange Commission (SEC) has expressed serious concern over the resurgence of Ponzi schemes and illegal fund managers...
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Power: CBN says it has disbursed N47.66 billion to acquire 858,026 meters
The Central Bank of Nigeria (CBN) reported that it has so far disbursed the sum of N47.66 billion to Electricity...
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Oil export and household spending to drive Nigerian economic growth in 2022 – Fitch report
Nigeria’s economy is expected to grow by 2.8% in 2022 on the back of stronger household spending and an increase...
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Anchor Borrowers’ Scheme: CBN says it has disbursed N864 billion to 4.1 million farmers
The Central Bank of Nigeria (CBN) reported that it has so far disbursed the sum of N864 billion to 4.1...
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InfraCredit Guarantees GPC Company’s N20 Billion 10-year Series 1 Infrastructure Bonds
InfraCredit, an ‘AAA’ rated Lagos-based credit guarantee institution providing Naira-denominated guarantees, has announced its guarantee of GPC SPV Company Plc’s...
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CBN says it has disbursed N41.2 billion to kickstart the “Nigerian Brown Revolution”
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N41.2bn under its intervention...
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FG disagrees with IMF on 2.7% growth projection, says 2021 to close on 3.5% trajectory
The federal government of Nigeria has stated that it is not in consensus with the International Monetary Fund's economic growth...
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Ex-Aviation Minister, Femi Fani-Kayode reacts to media reports of his arrest
The former Minister of Aviation, Mr Femi Fani-Kayode has reacted to his alleged arrest by the Economic and Financial Crimes...
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Ex-minister Fani-Kayode arrested by EFCC for alleged forgery
Mr Femi Fani-Kayode, a former Nigerian Minister of Aviation has been arrested by the Economic and Financial Crimes Commission, in...
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Revenue allocation: Kano and Lagos demand 1% in Revenue Allocation Formula
The Governor of Kano state declared that due to the size of Lagos and Kano states, both states are demanding...
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