Tag: Finance

USSD SAGA: Will the suffering of Nigerians ever end?

By Michael Orodare According to the Oxford dictionary, suffering is defined as ‘The state of undergoing pain, distress, or hardship’. Irrespective of one’s social status in Nigeria, a resident in the country must experience one form of suffering or another. The issues stem from poor infrastructure such as bad roads,[Read More…]

Why Government must realize that digital currency is the future

By Hammed J. Sulaiman On the 5th of February, 2021, the Central Bank of Nigeria (CBN) issued a circular to all banks and financial institutions. In the circular, the apex bank stated that trading with cryptocurrencies and facilitating payment for cryptocurrency exchanges is now  prohibited. The apex bank  also ordered[Read More…]

Selling public assets will boost the economy – Finance Minister

The Minister of Finance, Zainab Ahmed of Friday said the planned sale of public assets by Federal Government will benefit Nigerians and boost the economy. Mrs Ahmed spoke when she appeared as a guest on Channels Television’s Sunrise Daily on Friday. “There are some government assets that are dead that[Read More…]

Nigerian government borrowed N2.8Trillion from CBN in 2020 – Finance Minister

The Central Bank of Nigeria (CBN) gave support loans amounting to N2.8 trillion to the Federal Government in 2020. This follows the Government’s failure to meet its revenue targets due to the impact of the fall in oil prices and covid-19 pandemic. This information was made known by the Minister[Read More…]

Federal Government to borrow $1.2 billion from Brazil – Finance Minister

The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. The Minister of Finance, Budget and National Planning, Zainab Ahmed, revealed this when she appeared before the House of[Read More…]

African development bank calls for greater access to finance for African women

Dr Akinwumi Adesina, President, African Development Bank (AfDB) has called for greater access to finance for African women. A statement by the bank said that Akinwumi made the call when he addressed the inaugural session of the Global Gender Summit. AfDB and the government of Rwanda are hosting the Global[Read More…]

Shine A Light On The Gaps By Ngozi Okonjo-Iweala & Janeen Madan

This essay is part of a special edition being published in partnership with Foreign Affairs, titled “African Farmers in the Digital Age.” This anthology explores the future of African food systems and the role that digital solutions can play in overcoming the isolation of smallholder farmers and speeding up rural[Read More…]

CBN Governor Alleges NNPC Unaccounted For 20 Billion Dollars

The Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, has said the Nigerian National Petroleum Cooperation, NNPC cannot account for 20 billion dollars. Appearing before the Senate Committee on Finance to discuss the crude oil monies allegedly Sanusi provided a summary of funds that have been received[Read More…]

[Opinion] Is The CBN Governor Stupid

By Ross George I have never heard of a thing more stupid or embarrassing than a governor of a central bank of Nigeria not understanding how revenue from crude oil is administered. Sanusi Lamido exposed his ignorance and shallowness after days to trying to snub the superior argument of smarter[Read More…]