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Latest Fitch Report Okays Top NDBs in Africa To Play Key Roles In Financing SDGs

Leading African national development banks (NDBs) can play a key financing role in supporting the SDGs, especially mobilizing concessional funding from large international development lenders and domestic private-sector investments, a report by Fitch says. The international credit and finance rating agency in its recent report on the financial sustainability of African banks made the assertions […]

13m Out-of-school children: Nigeria Risks Socio-economic Disaster – Minister

Minister of Finance, Budget and National Planning, Zainab Ahmed says with an estimated 13 million children currently out of school in Nigeria, the country is sitting on the precipice of a socio-economic disaster if nothing is done to reverse the trend. Ahmed said on Tuesday it has become imperative for relevant stakeholders in the education […]

Covid-19: Impact on Business After Ease Of Lockdown In FCT

On the 2nd of January, 2021, the Federal Government announced the guidelines for the extension of the eased lockdown (phase 3) by one month following the rising cases of coronavirus disease in the country. The eased lockdown has since seen businesses reopen nationwide albeit cautiously and in line with social distancing and other government protective recommendations implemented. […]

CBN’s Forex Policy Frustrating Businesses, Households Amid COVID-19

COVID-19 has proven to be one of the worst crises of our times and Nigerian policymakers were completely unprepared for the battle of a lifetime. The resilience of businesses and households was tested to an unusual degree in 2020 due to the pandemic. There were no quick fixes at the business and household level as […]

How SMEs Can Access Funds In Nigeria

The significance of SMEs for any country, especially Nigeria, cannot be overemphasized. It is, therefore, not surprising that SMEs constitute one of the bedrocks of economic development in the country. This makes it a sector that should be given utmost priority by the government. To get started, the government needs to make funding more accessible […]

Carbon Tax A Way Out To Carbon Emissions In Nigeria

Fossil Fuel is hurting us. It is an undeniable truth. I have heard in many conversations more often than not a very solid support for the fossil industry. Rather simple conversations on its perils and disadvantages always end with resignation by the other party that “fossil has come to stay.” While not doubting that premise, […]

Railway Sector: Stakeholders review Nigeria’s Preparedness for AfCFTA

We are Ready -Hon Amaechi Nigeria needs 4-nation Rail Alliance-Rasheed*Our Enabling Law is a major Impediment- Rail Corporation In continuation of its sectoral plan for African Continental Free Trade Area, the Nigerian government committee on AfCFTA’s preparedness today hosted railway stakeholders to assess the place of railway in the free trade regime. Minister of Transportation, […]

Restricting Cryptocurrency Trading in Nigerians’ Best Interest, Says Emefiele

Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said that the CBN acted in the nation’s best interest by ordering banks, non-banking and other financial institutions not to facilitate trading and dealings in cryptocurrencies. Emefiele, while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes, and Capital Market, […]

How Nigeria Can Benefit from Okonjo-Iweala-Led WTO – LCCI

The Lagos Chamber of Commerce and Industry has highlighted steps Nigeria needs to take in order to fully take advantage of the opportunities offered by the World Trade Organisation under the leadership of Dr Ngozi Okonjo-Iweala. The LCCI, in a statement on Monday, felicitated with Nigeria on the appointment of Okonjo-Iweala as the Director-General of […]

Housing Deficit May Up 25m By End Of 2021

If concerted efforts are not urgently put in place to address Nigeria’s housing deficit, which has continued to increase astronomically, it may grow to 25 million by the end of this year. This was revealed by the chairman, organising committee of the Real Estate & Construction Expo tagged ‘RECON Expo 2021’, Dr. Somadina Anene, at a […]

Using Coordinated Policy Approach to Stimulate Growth

Nigeria is currently grappling with the second recession in five years, a crisis triggered by the coronavirus outbreak. The crisis calls for fiscal discipline. The country had failed to take advantage of the ‘boom cycles’ of its major resource – crude – to build a stable economy. Nigeria, like some oil-exporting countries, depends largely on […]

Experts Seek Tough Regulatory Policies to Drive Insurance Growth

Experts in the insurance industry have called on the government to create stronger regulatory policies and enforce existing ones to stimulate growth in the industry. Despite the economic challenges, stakeholders are hopeful of huge growth opportunities this year. Though, according to a few industry experts, looking at how the sector closed last year, it is […]

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