Browsing Tag
Finance
84 posts
Federal Government Unveils N500 Billion Credit Initiative for Young Entrepreneurs
The Federal Government has launched the YouthCred program, offering collateral-free loans up to N2 million to 500,000 young entrepreneurs based on their financial responsibility rather than traditional security requirements.
FCMB Launches Initiative to Boost Healthcare Sector Financing
First City Monument Bank is set to host a healthcare summit in July 2026 to connect industry leaders and investors, focusing on sustainable financial solutions for Nigeria's medical sector.
Investors Over-Subscribe Nigerian Government Bonds by 45 Percent
Nigeria's July bond auction saw a 45 percent oversubscription, totaling N1.74 trillion in bids against a N1.2 trillion offer, signaling robust investor demand despite lower overall allotments.
Senate orders AMCON to document operational history before 2030 closure
The Senate Committee on Banking has instructed AMCON to prepare a comprehensive report on its operations and achievements ahead of the agency's planned dissolution in 2030.
Nigerian Government Rejects Allegations of Excessive Borrowing
Finance Minister Taiwo Oyedele clarifies that the reported N80tn debt surge under President Tinubu's administration is largely attributed to accounting adjustments and currency depreciation rather than new loans.
Federal Government Disputes Claims of Excessive Debt Accumulation
Minister of Finance Taiwo Oyedele clarifies that Nigeria's public debt figures are being misinterpreted, attributing the reported increase to currency revaluation and the formalization of inherited debt rather than new borrowing.
Central Bank of Nigeria Addresses Dormant Accounts Linked to PFIPC Controversy
The Central Bank of Nigeria confirmed that two bank accounts linked to the PFIPC never saw any activity after the council failed to provide the required signatory information.
FCCPC Restarts Digital Lending Oversight After Court Victory
The FCCPC has resumed enforcement of its digital lending regulations after a Lagos court dismissed a lawsuit challenging the commission's authority.
Federal Government Refutes Claims of Excessive Debt Accumulation
Finance Minister Taiwo Oyedele claims current debt figures are inflated by accounting adjustments and currency revaluation rather than excessive new borrowing.
Nigerian Government Rebuts Claims of Excessive ₦80 Trillion Debt Under Tinubu
Finance Minister Taiwo Oyedele clarified to the Senate that recent increases in Nigeria's debt figures are largely due to currency adjustments and the recognition of past obligations rather than new borrowing.