Buhari’s Signature Forged To Withdraw $6.2b From CBN, Says Ex-SGF Mustapha

Buhari’s Signature Forged To Withdraw $6.2b From CBN, Says Ex-SGF Mustapha Former Secretary to the Government of the Federation (SGF), Boss Mustapha has said the signature of ex-President Muhammadu Buhari was forged by those who withdrew $6,230,000 from the Central Bank of Nigeria (CBN) on February 8, 2023. Mustapha, who was testifying on Tuesday, February […]

How interest rate, inflation, exchange rate will shape economic growth in 2024 – Augusto & Co

A Pan-African Credit Rating Agency, Agusto & Co has identified three major economic variables that are likely to have fareaching impact on Nigeria’s growth in Gross Domestic Product (GDP) in 2024. Agusto & Co is a leading provider of industry research and knowledge in Nigeria & Sub-Saharan Africa. At the bi-monthly forum of the Finance […]

NDIC reviewing maximum deposit insurance coverage

The Nigerian Deposit Insurance Corporation (NDIC) is reviewing its maximum deposit insurance coverage to account for the impact of current macroeconomic developments. Bello Hassan, the NDIC Managing Director, said this on Wednesday in Owerri during the opening ceremony of the 2023 Finance Correspondents and Business Editors’ Conference. He said that the new coverage level, once […]

BREAKING: Tinubu gives NASS 31 days to pass 2024 ‘Budget of Renewed Hope’

President Bola Tinubu has presented the 2024 Appropriation Bill to the National Assembly, urging lawmakers to expedite its passage by January 1, 2024, to ensure the smooth functioning of his administration. Themed “Budget of Renewed Hope,” the 2024 budget prioritizes human capital development, poverty reduction, and internal security reforms. In his address to a joint […]