Browsing Tag
Finance
121 posts
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.
Debate emerges over CBN ending direct funding for manufacturers
Industry experts are debating the impact of the Central Bank of Nigeria's withdrawal from direct manufacturing funding, with some calling for alternative support and others backing the move to refocus the bank's mandate.
Alert Microfinance Bank expands asset base to N50 billion despite economic hurdles
Alert Microfinance Bank has scaled its assets to N50 billion in three years, citing a strategic focus on financial inclusion and increased credit demand despite economic headwinds.
Kano Pension Board Pursues Court Order to Reclaim N5.3 Million Erroneous Transfer
The Kano State Pension Board is taking legal steps to recover over N5.3 million sent to the wrong account due to a clerical error during a bulk payment process.