Anchor Borrowers’ scheme: CBN disburses N55bn to farmers

A total of N55billion has been disbursed to at least, 250,000 farmers within two years of implementation of the Anchor Borrowers’ Programme, ABP, the Central Bank of Nigeria has revealed.

According to the Acting Director, Corporate Communications of the bank, Mr. Isaac Okorafor, 80percent [...]

Fri, 16 February 2018

IEC calls for standardisation in power sector

The Nigerian National Committee of the International Electro-Technical Commission, IEC, has said standardisation remains the only way of ensuring the safety of consumers in a seemingly borderless globe.

The national chairman of the Nigerian National Committee, Engr. A. Esan, made the assertion [...]

Thu, 15 February 2018

Forex: Central Bank intervenes in Retail SMIS with $325.64m

The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $325.64 million.

Figures obtained from the Bank on Friday, February 9, 2018, indicate that the amount released was for requests in the agricultural, airlines, petroleum [...]

Sat, 10 February 2018

NDIC, ICPC partners in fight against corruption

The Anti-Corruption and Transparency Unit, ACTU, of the Nigeria Deposit Insurance Corporation has been re-constituted to ensure good corporate governance, transparency, and accountability in the corporation.

The Managing Director and Chief Executive of the Corporation, Alh. Umaru Ibrahim said b [...]

Fri, 09 February 2018

ATM transactions results in 51% e-payment dealings in Q4

Automated Teller Machine, ATM, transactions were said to have dominated the volume of electronic payment dealings in the last quarter of 2017, resulting in over 51percent of the total e-payment businesses made in the period.

According to the National Bureau of Statistics’ data on Electron [...]

Fri, 09 February 2018

NEXIM task SMEs on N550bn loan facilities

Eligible export-oriented Small and Medium Entrepreneurs in the South-East and Delta States of the country have been asked to access the N500billion Export Stimulation Facility, ESF, and the N50billion Export Development Fund domiciled with the Nigerian Export-Import Bank.

The Managing Director [...]

Fri, 09 February 2018

Nigeria has the worst tax payment culture - Minister

The Minister of Finance, Mrs. Kemi Adeosun, has decried the poor tax payment culture in Nigeria, describing it as one of the worst there is, as only about 20percent of its economically active population pay their tax.
Adeosun while speaking at a sensitisation programme on the Voluntary Assets an [...]

Fri, 09 February 2018

FG finally addressing economic challenges - Adeosun

The federal government said it is finally addressing some of the most stubborn problems that are frustrating the nation’s economic growth, by addressing the challenge of infrastructure deficit in the country and focusing on revenue drive.

Nigeria’s Minister of Finance, Mrs. Kemi Ade [...]

Fri, 09 February 2018


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PhotoFGFG refutes allegations of planned tax raise

The federal government has dismissed media reports alleging a planned tax increase to generate revenue to fund the 2019 budget.

The Minister [...]

29 December 2018