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Economy

151 Results / Page 2 of 17

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Economy

Jaiz Bank Reports N23.48bn Profit in 2024

By Oluwakemi Kindness Nigeria’s pioneer non-interest bank, Jaiz Bank Plc, has reported a profit after tax (PAT) of N23.48 billion for the full year ended December 31, 2024—representing a 108.99% increase from the N11.05 billion declared in 2023. The bank disclosed this in its audited financial results, noting a strong performance across key financial and non-financial indicators. Gross earnings surged by 86.5%, rising to N82.87 billion** from N47.24 billion in […]

todayJuly 6, 2025 5 1 2

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Economy

NAICOM Grants Two New Licenses, Seeks Better Corporate Governance

By Oluwakemi Kindness The National Insurance Commission (NAICOM) has handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd. Commissioner for Insurance, Olusegun Ayo Omosehin, emphasized the Commission's commitment to supporting the growth of insurance entities in the country, while ensuring strict compliance with regulatory requirements. According to a statement in Abuja on Wednesday by the commission, he urged the companies to prioritize good corporate governance, stability, and […]

todayJuly 3, 2025 6 3 2

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Economy

IMF Projects 3.4% GDP Growth for Nigeria in 2025 Amid Reforms

By Oluwakemi Kindness The International Monetary Fund (IMF) has projected that Nigeria’s real Gross Domestic Product (GDP) will grow by 3.4% in 2025, driven by higher oil production, the launch of a new domestic refinery, and a robust services sector. This outlook is according to the IMF’s 2025 Article IV Consultation report, following the conclusion of its Executive Board’s assessment of Nigeria’s economic reforms and policy direction. The IMF commended […]

todayJuly 2, 2025 7 1 2

Dr George Elombi speaking at Afreximbank Annual Meetings in Abuja after being appointed President
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Economy

Cameroonian George Elombi Named President of Afreximbank

By Oluwakemi Kindness Dr. George Elombi of Cameroon has been appointed President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), becoming the fourth person to hold the position since the Bank’s establishment. His appointment was ratified by shareholders during the 32nd Annual Afreximbank Meetings and associated events held in Abuja, Nigeria. Dr Elombi will succeed Professor Benedict Oramah, who has served in the role since […]

todayJune 29, 2025 5 1 2

CGC Adewale Adeniyi receiving applause following his election as Chair of the World Customs Organisation Council.
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Economy

Adeniyi Takes Over as Chair of World Customs Organisation Council

By Oluwakemi Kindness The Comptroller-General of Nigeria's Customs, CGC Adewale Adeniyi has been unanimously elected as Chairperson, World Customs Organisation (WCO) Council. His appointment into the highest decision-making body in global customs administration comes exactly two years after his historic appointment as the Comptroller-General of Customs by President Bol Tinubu The election was held during the concluding session of the 145th/146th WCO Council Meetings held on Saturday, 28th June 2025, […]

todayJune 28, 2025 10 2 2

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Economy

Tinubu Hails PAPSS as Key to Africa’s Financial Independence

Honours Afreximbank’s Oramah with GCON at Annual Meeting in Abuja   By Oluwakemi Kindness President Bola Tinubu has thrown his weight behind the Pan-African Payment and Settlement System (PAPSS), urging all African nations to adopt the platform to reduce dependence on foreign currencies and accelerate intra-African trade. He stated this on Friday at the 32nd Annual Meetings of Afreximbank in Abuja where he honoured the outgoing President and Chairman of […]

todayJune 27, 2025 16 4

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Economy

Tinubu Calls for Nationwide Mobilisation Against Drug Abuse

By Oluwakemi Kindness President Bola Ahmed Tinubu has called for collective national action against the scourge of substance abuse and illicit drug trafficking in Nigeria, stressing that the campaign must transcend government efforts and become a people-driven movement. The President made the remarks in a keynote address delivered on his behalf by the Secretary to the Government of the Federation (SGF), Senator George Akume, at the grand finale of the […]

todayJune 27, 2025 8 2

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Economy

Invest at Home for Industrialisation, Dangote Tells Africans

By Oluwakemi Kindness Africa’s top industrialist, Aliko Dangote, says the continent must take a bold stand on economic self-reliance and industrialization, calling for an “Africa First” approach, similar to former U.S. President Donald Trump’s America First policy. Speaking at the ongoing Afreximbank conference at a session themed The Path to Making Africa Great Again, Dangote compared Africa’s stagnation to Asia’s rapid economic rise. He argued that while many Asian economies have […]

todayJune 27, 2025 14 4

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Economy

Obasanjo Criticises African Leaders, Urges End to Aid Dependency

By Oluwakemi Kindness Former President, Olusegun Obasanjo has criticised many African leaders for lacking the basic understanding of economics required to govern effectively, warning that this ignorance continues to hinder development and deepen reliance on foreign aid. Obasanjo spoke on Thursday during a panel session at the 2025 Afreximbank Annual Meetings held in Abuja, Nigeria. The session, themed *“African Renaissance in an Era of Turbulence: Are the Lions Still on […]

todayJune 26, 2025 11 3

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