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Economy

68 Results / Page 3 of 8

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Economy

Minister of Finance Advocates Smarter Investment at Islamic Development Bank Governor’s Retreat

By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has advocate for Bold Reforms and Smarter Investments at the Islamic Development Bank (IsDB) Governors' Retreat holding in the City of Al-Madinah, Saudi Arabia. The retreat aims to gather input and build consensus on the bank's upcoming 10-year strategy to achieve greater developmental impact. The Minister emphasize the need for the IsDB to rethink its […]

todayJanuary 14, 2025 8 1

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Economy

NAICOM, Fire Service to integrate insurance into building safety checklists

By Oluwakemi Kindness In the bid to boost insurance penetration in Nigeria, the National Insurance Commission (NAICOM) and the Federal Fire Service has met to review and strengthen their partnership. A statement from NAICOM said the Federal Fire Service, as a key member of the committee on insurance of public buildings and buildings under construction, has agreed to integrate Fire Insurance Policy into their checklist. It stated that the partnership […]

todayJanuary 10, 2025 8 1 2

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Economy

CBN Insists Resignation Of 1,000 Staff Was Voluntary

By Oluwakemi Kindness The Central Bank of Nigeria (CBN), has refuted reports of it Termination and Dismissal of 1,000 members of it Staff. Rather it said staff took opportunity of the Bank's Early Exit Programme with payment of full benefits. This is according to the Governor of the apex bank, Olayemi Cardoso, who noted that the 1,000 members of staff who were disengaged were not forced to quit. He stated […]

todayJanuary 4, 2025 22 3 3

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Economy

FG Launches ₦250bn MOFI Real Estate Fund

By Oluwakemi Kindness The Federal Government has taken a significant step towards addressing Nigeria's Housing Finance Gap with the launch of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF). The fund, a two hundred and fifty billion naira initiative is designed to provide low-cost, long-term mortgage financing and stimulate economic growth through the housing and construction sectors. Presiding over the signing ceremony in his office in Abuja, […]

todayDecember 31, 2024 13 3

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Economy

Customs Service Announces Reduction of Checkpoints Nationwide

The NSC also dissolves the Joint Border Patrol Team (JBPT) after due consultation with the Office of the National Security Adviser (ONSA).    By Oluwakemi Kindness The Nigeria Customs Service (NCS) on Tuesday announce a reduction of it checkpoints across the country in a bid to streamline operations and ease the movement of goods and persons. The move which is part of efforts to strengthen border management and reinvigorate its […]

todayDecember 24, 2024 18 3

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Economy

FG Says Customs Contribution Crucial for Actualising 2025 ₦48 Trillion Budget

By Oluwakemi Kindness The Federal Government has commended the Nigeria Customs Service (NCS) for its pivotal role in boosting Nigeria's economic recovery. The commendation is coming as the Federal Government sets a ₦48 trillion expenditure target for 2025. The Minister of Finance, Wale Edun, highlighted the NCS’s importance during the 61st quarterly board meeting of the agency held at the Customs House, Maitama, Abuja. According to a statement on Sunday […]

todayDecember 22, 2024 19 15

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Economy

NAICOM Hails Passage of New Insurance Bill by 10th Senate

By Oluwakemi Kindness The National Insurance Commission (NAICOM) has lauded the Senate following the passage of the new Insurance Consolidated Bill. NAICOM which said it warmly welcomes the passage noted that it is optimistic that the legislation will unlock the growth, prosperity, and potentials of the insurance sector. The commission in a statement said the passage of the Bill has marked a significant milestone in the country's efforts to revamp […]

todayDecember 18, 2024 16 2

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Economy

Nigeria Customs Service Highlights Innovations in Border Security for National Security

By Oluwakemi Kindness The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has once again brought global attention to the transformative role of NCS in safeguarding Nigeria’s borders. Speaking at the 18th Africa Security Watch Conference in Doha, Qatar, the CGC, represented by the National Public Relations Officer, Chief Superintendent of Customs Abdullahi Maiwada, shared a comprehensive account of the Service’s achievements in balancing security enforcement with trade facilitation. […]

todayDecember 15, 2024 16 3

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Economy

FG, States, LGCs Share N1.727trn For November 2024

By Oluwakemi Kindness The Federal Government, States and the Local Government Councils has shared a total sum of N 1.727 trillion, being November 2024. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. The N1.727 trillion revenue comprised statutory revenue of N455.354 billion, Value Added Tax (VAT) revenue of N585.700 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.046 billion […]

todayDecember 14, 2024 19 16

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