-
6 days ago | 
thenationonlineng.net | Nduka Chiejina |Alao Abiodun
The International Finance Corporation (IFC), a member of the World Bank Group, has disclosed that Nigeria requires an estimated $2 trillion over the next 20 years to bridge its investment gap in critical infrastructure and other sectors vital for economic growth. To contribute toward this target, the IFC said it facilitated $5 billion worth of investments in Nigeria in 2024 alone.
-
1 week ago | 
thenationonlineng.net | Nduka Chiejina |Collins Nweze |Alao Abiodun
The Central Bank of Nigeria (CBN) has introduced temporary restrictions on the payment of dividends and bonuses by a small group of banks as part of its broader strategy to strengthen the financial sector. The measure, which targets institutions, which the CBN did name, still recovering from the effects of the COVID-19 pandemic, is designed to reinforce their capital buffers and ensure long-term resilience.
-
2 weeks ago | 
thenationonlineng.net | Nduka Chiejina |Collins Nweze
The Central Bank of Nigeria (CBN) has debunked claims suggesting it has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The apex bank said the official deadline remains June 3, 2025, as previously announced. A statement issued yesterday by the Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, described the circulating report as false and misleading, urging members of the public to disregard it.
-
3 weeks ago | 
thenationonlineng.net | Nduka Chiejina |Alao Abiodun
The African Tax Administration Forum (ATAF) has announced the appointment of Ms. Mary Baine as its new Executive Secretary, effective 1 July 2025. She takes over from Mr. Logan Wort, who has led the organisation since its establishment in 2009. Ms. Baine’s appointment marks a leadership transition at a time when ATAF continues to shape tax policy, strengthen revenue systems, and drive development across Africa.
-
3 weeks ago | 
thenationonlineng.net | Nduka Chiejina |Collins Nweze
As President Bola Ahmed Tinubu’s administration reached the midpoint of its tenure, economists have set out a wide-ranging reform agenda for the next two years, urging the Federal Government to take decisive steps that promote food security, improve electricity supply, attract investment, confront insecurity, stabilise the macroeconomic environment, and prepare the country for a technology-driven future.
-
1 month ago | 
thenationonlineng.net | Nduka Chiejina |Bolaji Ogundele
The borrowing plan submitted by President Bola Ahmed Tinubu to the National Assembly represents a proposal and consists of projected borrowings by the federal and state governments over the next two years. The Presidency and the Ministry of Finance yesterday clarified that it is an all-inclusive national plan that comprises proposed loans by several states across the various geopolitical zones and the loan component of the Federal Government’s expenditure plan.
-
1 month ago | 
thenationonlineng.net | Nduka Chiejina |Bolaji Ogundele |Gbenga Omokhunu
Owners of the 4,794 properties in the Federal Capital Territory(FCT) with revoked land titles yesterday got a 14-day presidential reprieve. The waiver followed President Bola Ahmed Tinubu’s intervention in the takeover of the first batch of the properties by Federal Capital Territory Administration (FCTA) teams. Director, FCT Department of Land Administration, Mr. Chijioke Nwankwoeze made known the Presidential intervention.
-
1 month ago | 
thenationonlineng.net | Taofik Salako |Nduka Chiejina |Muyiwa Lucas |Collins Nweze
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday retained the benchmark interest rate and other key monetary policy parameters. The MPC, the highest policy-making body of the apex bank, left the Monetary Policy Rate (MPR) at 27.50 per cent after its meeting in Abuja. The MPR is the benchmark interest rate that guides other rates across the economy.
-
1 month ago | 
thenationonlineng.net | Nduka Chiejina |Collins Nweze |Alao Abiodun
The Central Bank of Nigeria (CBN) yesterday said Nigerian banking sector remains resilient, safe, and sound. The clarification follows certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.
-
1 month ago | 
thenationonlineng.net | Nduka Chiejina |Collins Nweze |Alao Abiodun
Nigeria’s economy recorded its fastest growth in about a decade in 2024, the World Bank said yesterday, alluding to early gains of macroeconomic reforms by the President Bola Tinubu’s administration. World Bank’s Lead Economist for Nigeria, Alex Sienaert, pointed out Federal Government’s improved fiscal position, driven by reforms in key areas of petroleum, foreign exchange and power. He however cautioned that persistently high inflation remains a challenge.
