The Debt Management Office (DMO) has opened for subscription, the October Federal Government of Nigeria (FGN) Savings Bond at a lower interest rate compared to the rate it offered in the previous month. DMO announced this in a circular on Monday, October 6. The offer opened today and will be closed on Friday, October 10 …
The Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) said it is set for its 4th National Stakeholders’ Conference to discuss the Artificial Intelligence (AI) revolution in the Nigerian banking system. It announced this in a statement to Pinnacle Daily on Monday, October 6. The conference is themed 'AI & the …
The Presidential Fiscal Policy and Tax Reforms Committee has launched an Excellence in Tax Reform Reporting Award, offering ₦10 million prize money for the star winner. The committee chairman, Taiwo Oyedele, announced this at a press briefing with journalists on Friday, October 3, in Lagos State. He said the initiative is to recognise and reward …
The Central Bank of Nigeria (CBN) Olayemi Cardoso said the apex bank is collaborating with the Securities and Exchange Commission (SEC) to develop a sustainable framework for digital currencies in the country. He spoke on this at the CBN governor’s annual lecture series at the Lagos Business School (LBS) on Friday, October 3. According to …
The Presidential Fiscal Policy and Tax Reforms Committee has again engaged journalists, influencers, and public analysts to clarify some misconceptions surrounding Nigeria’s newly enacted tax reform laws. At the interactive session on Friday, October 3, in Lagos, the chairman of the committee, Taiwo Oyedele, highlighted key troubling spots, including personal income tax, value-added tax, tax …
Naira appreciated further against the United States (US) dollar to close at N1,455 on Thursday, October 2, reaching its highest appreciation since the beginning of this year. It closed on Tuesday, September 30, at ₦1,475 as there was no official trading on Wednesday, October 1, because of the public holiday to mark Nigeria’s 65th Independence …
The Nigerian Securities and Exchange Commission (SEC) has raised concern over the slow pace of regional integration of the capital markets in West Africa, warning that each year of delay is a lost opportunity to mobilise resources for critical projects that can transform our economies. Sec Director-General, Emomotimi Agama raised the concern at a meeting …
The Central Bank of Nigeria (CBN) has hinted at a plans to take full control of the fixed income market with effect from November 2025. CBN made this known in a statement signed by its Acting Director of the Financial Markets Department, Okey Umeano. The apex bank said it will start a phased operational overhaul …
Private sector business activity in Nigeria moderated as the Purchasing Managers Index (PMI) slid to 53.4 points in September despite the continued decline in inflationary pressure. The slide in business activity was captured in the Stanbic IBTC Bank's PMI report released on Thursday, October 2. The report showed that PMI dropped to 53.4 points in …
The Corporate Accountability and Public Participation Africa (CAPPA) has called on the President Bola Tinubu-led administration to ensure that Nigeria feels the gains of self-rule through programmes and policies that will lift the citizens out of poverty, hunger, and insecurity. The organisation made the call in a statement by its Media and Communication Officer, Robert …
