TONY DAVIES

The Central Bank of Nigeria (CBN), on Friday, announced the measures that limit to a maximum of 12 years, the tenure of managing directors of financial institutions effective from 24th February 2023. The new measures also affect…

The Federation Account Allocation Committee (FAAC) Tuesday injected a total sum of N990.189 billion into the accounts of the three tiers of government as allocations for December 2022, reflating the economy to make it liquid in the new…

The Federation Account Allocation Committee (FAAC) has shared a total sum of N902.053 billion of revenue generated in November 2022 among the three federation units. FAAC after its December meeting in Abuja where the…

The Central Bank of Nigeria (CBN) has pegged maximum cash withdrawals through Automated Teller Machines (ATMs) to N100,000 per week and N20,000 per day in newly revised cash withdrawal limits to further push the cashless policy in the…

Nigeria's economy grew by 2.25 per cent in the third quarter of the year, indicating a 1.78 per cent dip from the 4.03 per cent growth rate of the corresponding period in 2021. Equally, the growth figure for the quarter slows down by…

The Director of currency at the CBN, Ahmed Bello Wednesday said about N165 billion have been deposited in banks since the Central Bank of Nigeria (CBN) announced the introduction of newly redesigned naira notes last month. He…

BUA International and two other firms have scaled the hurdle and issued the Request for Proposal (RFP) for the concession of the Calabar and the Kano Free Trade Zones (FTZs) in the country, respectively.  The other two are Diamond…

The National Bureau of Statistics (NBS) on Thursday painted a scary picture of the standards of living in Nigeria, revealing that over 133 million of the country's 211.4 million population are multi-dimensionally poor, representing 63 per…

Chairman of Nigeria Economic Summit Group (NESG), Asue Ighodalo has said Nigeria requires a $9 trillion Gross Domestic Product (GDP) within the next 25 years to build a resilient economy. The current GDP of Nigeria is $440.8 billion and…

President Muhammadu Buhari has approved the relaunch of the Ministry of Finance Incorporated (MOFI) Assets, now valued at N30 trillion. The Minister of Finance, Budget and National Planning,  Zainab Ahmed disclosed at the public…