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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: Finance

Finance minister presents minimum wage to Tinubu
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Finance minister presents minimum wage to Tinubu

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has presented the projected financial implications of implementing a new national minimum wage to President Bola Tinubu. The submission took place at the Presidential Villa on Thursday, meeting the 48-hour deadline set on Tuesday. This move comes in the wake of a nationwide […]

Only 5% have over N500,000 in their bank accounts — Wale Edun
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Only 5% have over N500,000 in their bank accounts — Wale Edun

The Finance Minister and Coordinating Minister of the Economy, Wale Edun, highlighted that only around 5% of individuals in Nigeria have bank accounts with balances exceeding N500,000. Edun made this revelation during an interview with Channels TV, emphasizing that recent federal government reforms aim to address economic imbalances that have disproportionately favored a small elite […]

New accounting development tool will aid transparency - FRC
Business

New accounting development tool will aid transparency – FRC

By Melvin Onwubuke The Chief Executive Officer of the financial Reporting Council of Nigeria, Dr. Rabiu Olowo has disclosed the use of the Accounting Development Tool, would enhance financial transparency in Nigeria. This was announced in a statement, when the Netherlands Consul General in Lagos, Michel Deelen, paid him a courtesy visit to discuss the […]

Stakeholders push to boost investment finance sector
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Stakeholders push to boost investment finance sector

Stakeholders have urged the government to develop measures that would increase capital investment in the financial industry. The Punch reported that this was stated at the PiggyVest Finance Roundtable Discussion on Tuesday in Lagos. The event’s stakeholders discussed how the results of the PiggyVest Savings Report 2023 survey would affect the financial situation in Nigeria […]

Finance Corporation invests $2bn in Nigeria - Official
News

Finance Corporation invests $2bn in Nigeria – Official

Finance Corporation invests $2bn in Nigeria – Official The International Finance Corporation made $2 billion in investments in Nigeria, distributed among several industries, according to the Regional Vice President for Africa,  Sergio Pimenta. The PUNCH reported that Pimenta made this statement during the recent BoI-IFC Conference on Empowering Futures in Lagos, where participants convened to devise […]