The Securities and Exchange Commission (SEC) has stepped up efforts to help Nigerians recover unclaimed dividends and other investment assets, while strengthening investor protection and financial literacy in Nasarawa State. The initiative formed part of the Commission’s Capital Market Awareness, Unclaimed Funds and Investor Education Outreach Programme held in Lafia, where the regulator urged stronger …
The World Bank Group has launched a Philanthropy Hub, a single point of entry for foundations and other philanthropic partners, at its first Philanthropy Forum in Bangkok. The Forum drew more than 200 leaders and was held during the 2026 IMF and World Bank Group Annual Meetings. The Hub is meant to steer philanthropic capital …
African leaders, financiers and business chiefs have called for more of the continent’s own capital to be channelled into industry, regional trade and jobs, at the inaugural Alamein Africa Forum in Egypt. The two-day forum, which was launched by Egyptian President Abdel Fattah El-Sisi, was convened by Egypt with the African Union (AU), the AU …
Nigeria recorded the world’s largest increase in the number of people living in acute multidimensional poverty between 2021 and 2024. Approximately 17.9 million people have fallen into poverty, as nearly half of the country’s population, or 113.3 million people, now face overlapping deprivations in health, education and living standards. The figures are contained in the …
Nigeria’s ambition to achieve investment-grade sovereign credit status by 2030 will depend on its ability to turn ambitious economic projections into stronger revenue, productive investment and sustainable public finances. The warning comes as the government targets annual economic growth of 10.34 per cent by 2030, despite recording average growth of 3.11 per cent under the …
The Federal Government has clarified that the petrol discount offered by NNPC Retail Limited is not a return of fuel subsidy, saying the price reduction is being funded from the company’s retail margin rather than public revenue. Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, gave the clarification in a statement on …
Nigeria’s electricity tariff freeze has left the Federal Government with a ₦1.56 trillion subsidy bill within a year, exposing public finances to the rising cost of supplying electricity while consumers continue to pay rates fixed in July 2024. A review of quarterly reports published by the Nigerian Electricity Regulatory Commission (NERC) shows that the government …
The Federal Government has announced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited (NNPCL), with priority for public transport operators, as part of measures to ease the impact of high fuel prices on households and businesses. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the …
Ghanaian businesses could soon pay Chinese suppliers directly in yuan from their cedi accounts under a new banking arrangement designed to reduce reliance on the US dollar and cut foreign-exchange conversion costs. Stanbic Bank Ghana is piloting the arrangement through China’s Cross-Border Interbank Payment System (CIPS), which enables financial institutions to process cross-border payments in …
The U.S. Consulate General in Lagos has marked a major milestone in the construction of its new consulate compound at Eko Atlantic City with a topping-out ceremony to celebrate the completion of the building’s highest structural point. The New Consulate Compound is a tangible expression of the importance the United States places on its relationship …
