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

DMO ready for the next stage of refinancing domestic debt

The planned external financing of USD2.50 billion is for the refinancing of maturing domestic debt obligations of the Federal Government.

It is not a new or incremental debt because it will not lead to an increase in the public debt stock.

The purpose is to rebalance the Federal Governme [...]

Thu, 08 February 2018


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