Online News Magazine
Online News Magazine
President Bola Tinubu on Tuesday met with the Director-General of the World Trade Organisation, Prof. Ngozi Okonjo-Iweala, at the Presidential Villa, Abuja. She arrived at the Presidential Villa at about 2:50pm with a former Minister of State for Health under Goodluck Jonathan administration, Dr Ali Pate. Okonjo-Iweala was the Minister of Finance and Coordinating Minister […]
Orire Agbaje, a 400 level Economics student of the University of Ibadan (UI), has been appointed by President Bola Tinubu as a member of the presidential committee on fiscal policy and tax reforms. TheCable understands that Agbaje is the president of The Tax Club, University of Ibadan, as well as the president of the Nigerian […]
The Central Bank of Nigeria (CBN) has exempted Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) from complying with cash withdrawal limit policy. A circular to banks and other financial institutions said microfinance banks and primary mortgage banks did not need to comply with the cash withdrawal limits for direct cash withdrawals from their correspondent […]
The World Bank has advised Nigeria to reduce government’s borrowing from the Central Bank to reduce inflationary pressures on the economy. Alex Sienaert, the World Bank’s Lead Economist in Nigeria, gave the advice on Thursday during an economic review session held at the Lagos Business School. He commended the Nigerian government for the recent economic […]
The Central Bank of Nigeria (CBN) has reduced the number of Bureau de Change dealers in the country to 2,991. The apex bank on Monday published a list of approved in a documents titled ‘Approved BDCs’. The document showed that the licences of 2,698 BDCs have been revoked. A similar list was published by the […]
The United Capital Asset Management Ltd., a subsidiary of United Capital Plc, has launched the #ThisGirlInvests campaign to promote financial independence and security for women across Nigeria. The campaign seeks to encourage women to develop a healthy investing culture, increase women’s participation in Nigeria’s capital markets, and create a sustainable financial plan for retirement. The […]
Nigeria has successfully redeemed its US$500 million Eurobond which was issued in July 2013. The Debt Management Office (DMO) said this in a statement on Wednesday. “This is part of a dual-tranche US$1 billion Eurobond for a tenor of ten (10) years at a coupon of 6.375% per annum. “Nigeria had previously redeemed a US$500 […]
Vice President Kashim Shettima says the Federal Government will ensure quick access to single-digit loans for Nigerian small businesses. The vice president made this pledge on Tuesday in a message to mark the 2023 World Micro Small and Medium Enterprises, MSME, Day. He said that the Federal Government was aware of the impact of fuel […]
The World Bank Group has approved a loan of N385bn ($500m) for the Nigerian government under President Bola Ahmed Tinubu. The loan which approval came days after the country’s debt profile hit N49.85 is to help Nigeria drive women’s empowerment. It is the second under Bola Tinubu and was initially approved on June 27, 2018, […]
The Debt Management Office (DMO) said the total public debt stock of Nigeria as of March was N49.95 trillion ($108.30 billion). DMO said in a statement on its official website on Sunday, that the debt stock comprises the external and domestic debts of the Federal Government, the 36 states and Federal Capital Territory. The country’s […]
