CBN’s Cardoso Bags Top Award at 2025 African Banker Awards

CBN’s Cardoso Bags Top Award at 2025 African Banker Awards

By Oluwakemi Kindness Governor of the Central Bank of Nigeria, Olayemi Cardoso, has been named Central Bank Governor of the Year at the 2025 African Banker Awards in Abidjan, Côte d’Ivoire. The award, presented by African Banker magazine, recognizes Cardoso’s “bold and strategic” leadership in steering monetary and regulatory reforms that have restored stability and confidence in Nigeria’s financial system, according to event organizers. In a statement, the Awards Committee […]

May 30, 2025 6 2

2

Economy

Federal, States, LGCs Share N1.681 Trillion in April Revenue

By Oluwakemi Kindness The Federal Account Allocation Committee (FAAC) has shared a total sum of N1.681 trillion, being April 2025 Federation Account Revenue. The revenue shared to the Federal Government, States and the Local Government Councils took place at the May 2025 FAAC meeting held in Abuja. The N1.681 trillin revenue comprised statutory revenue of N962.882 billion, Value Added Tax (VAT) revenue of N598.077 billion, Electronic Money Transfer Levy (EMTL) […]

May 17, 2025 10 2

1

Economy

Bet on Nigeria’s Growth, Uzoka-Anite Encourages Global Investors

By Oluwakemi Kindness The Federal Government has called on global investors to tap into Nigeria's vast opportunities, highlighting the country's economic pivot and potential for sustainable growth. Minister of State for Finance, Dr. Doris Uzoka-Anite, made the appeal during her address at the Milken Institute Global Conference 2025, New York, USA A statement on Monday by the Director of Information in the ministry, Mohammed Manga, quotes Dr. Anite as saying […]

May 12, 2025 13 1

4

Economy

CBN Reports Net Reserve Of $23.11bn For 2024

Oluwakemi Kindness The Central Bank of Nigeria (CBN) on Tuesday reports a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024. The NFER stands at $23.11 billion, the highest level in over three years, marking ab increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021. This reflects a substantial improvement in the country’s external liquidity, […]

April 1, 2025 14 4

4 7

Economy

FAAC; Federal, State and LGCs Shares N1.678trn

Oluwakemi Kindness The Federal Government, States and the Local Government Councils have shared a total sum of N1.678 trillion as February 2025 Federation Account Revenue. The revenue was shared at the March 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The meeting was attended by the Accountant General of the Federation, Shamseldeen Ogunjimi. The […]

March 24, 2025 10 7 4

3

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, […]

December 31, 2024 19 3

16

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 […]

December 14, 2024 27 16

#Finance