JCR Reaffirms Afreximbank’s A- Credit Rating, Maintains Stable Outlook
By Oluwakemi Kindness The Japan Credit Rating Agency (JCR) has reaffirmed the African Export-Import Bank’s (Afreximbank) long-term issuer credit rating at A- with a stable outlook, underscoring the institution’s resilience and growing credibility in global financial markets. The decision reflects JCR’s confidence in Afreximbank’s solid capital base, strong strategic positioning, prudent liquidity policies, and effective […]
Edun Reaffirms Nigeria’s 7% GDP Growth Target
By Oluwakemi Kindness The Federal Government has restated its ambition of growing Nigeria’s economy by as much as Seven percent in the medium term. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance in Abuja, at the weekend, during a meeting with the World Bank Executive Director for the Angola–Nigeria–South […]
FAAC Disburses N2trn to Three Tiers of Government in July
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.001 trillion as July 2025 Federation Account Revenue to the Federal Government, states, and local government councils. The allocation was made at the FAAC meeting held in Abuja on Friday, according to a communiqué issued after the session. The N2.001 […]
FG Eyes N24bn Savings with BisonFly Project
By Oluwakemi Kindness The Federal Government has directed the speedy implementation of the BisonFly Project, a cost-cutting initiative projected to save between N18bn and N24bn annually in official air travel expenses across the Federal Civil Service. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the charge on Thursday in Abuja during […]
NSITF Board Chairman Vows To Protect Fund’s Independence
By Chinedu Echianu The Chairman of the Management Board of the Nigeria Social Insurance Trust Fund (NSITF), Honourable Sola Olofin, has called for the safeguarding of the Fund’s independence in the face of regulatory overreach. Speaking at the 69th Board Meeting of the Fund, held in Abuja, Honourable Olaofin raised concerns over the implications of […]
NSIA Hands Over 90 Revitalised Fertiliser Blending Plants to MOFI
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has formally handed over 90 fully operational fertiliser blending plants to the Ministry of Finance Incorporated (MOFI) This marks the successful transition of the Presidential Fertiliser Initiative (PFI) after nearly a decade of unprecedented growth in Nigeria’s agricultural input sector. When the Federal Government launched the […]
Tinubu Extends Customs CG Adeniyi’s Tenure to Sustain Reforms, Trade Integration
By Oluwakemi Kindness President Bola Tinubu has approved a one-year extension of the tenure of the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi. Adeniyi whose tenure was originally set to conclude on August 31, 2025, will now run until August 2026. The extension is aimed at sustaining momentum on several critical reform programmes […]
FAAC Distributes N1.66tr Revenue
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC), has shared a total sum of N1.659 trillion to the Federal Government, States and the Local Government Councils. The N1.659 trillion being revenue for May 2025 was shared at the June 2025 FAAC meeting held in Abuja. The sum comprised statutory revenue of N863.895 billion, Value […]
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 […]
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 […]