Browsing Tag
Finance
121 posts
President Tinubu Praises Economic Team and NGX for Market Surge and Financial Stability
President Bola Tinubu highlighted the success of his economic reforms as the Nigerian Exchange Group reported a significant market rebound from N30 trillion to N160 trillion, signaling potential for a one trillion-dollar economy.
Osun Governor Adeleke Demands N2 Billion from EFCC for Account Freeze
Governor Ademola Adeleke has launched a N2 billion lawsuit against the EFCC, challenging the agency's decision to freeze Osun State's federal allocation account without a court order.
Digital Assets Coalition Urges Government to Reconsider $92 Billion Crypto Tax Policy
A coalition of digital asset operators warns that new tax guidelines may harm Nigeria’s $92 billion cryptocurrency market by taxing money transfers rather than actual profits.
Cornerstone Insurance and FIN Insurance Achieve NIIRA 2025 Capital Standards
Cornerstone Insurance Plc and FIN Insurance have officially met the new minimum capital requirements set by NAICOM under the 2025 insurance reform laws.
SpaceX Engineer Plans to Liquidate Shares Following Company IPO
Former SpaceX engineer Andre Lavoie is among thousands of employees set to cash in on their stock following the company's historic Nasdaq listing, even as investors weigh concerns over high AI spending.
EFCC Defends Authority to Temporarily Block Bank Accounts Without Judicial Orders
The EFCC maintains that it can legally place a 72-hour hold on bank accounts without a court order, citing specific statutory provisions to justify its recent action against an Osun State Government account.
EFCC justifies freezing Osun State accounts over alleged N11 billion theft
The EFCC has defended its decision to freeze Osun State accounts, citing the need to prevent the theft of N11 billion in public funds rather than political interference.
Lawmakers urge Chancellor to conduct immediate review of student debt repayments
A group of over 120 UK lawmakers is calling on the Chancellor to urgently review the student loan repayment system, citing an 'unsustainable burden' on graduates.
Presidency Credits Economic Reforms for Robust First-Half 2026 NGX Performance
The Presidency links strong first-half 2026 financial results on the Nigerian Exchange to key economic reforms, including currency unification and strategic energy sector approvals.
National Economic Council authorizes $4.5 billion loan deal for NNPC
The National Economic Council has approved a $4.5 billion refinancing deal for NNPC to boost foreign reserves and support infrastructure after reducing crude oil output requirements.