Economic Confidential

Over 80% of MSMEs Not Registered — CAC

Out of a total of 37 million Micro Small and Medium Enterprises in the country, about five million, representing 13.51 per cent, are registered, the Corporate Affairs Commission has said. This indicates that 86.49 per cent of the MSMEs currently...

Recession: IMF Offers Nigeria, Others Zero-Interest Loans

The International Monetary Fund is prepared to lend money to Nigeria and other countries facing economic crisis at zero interest rate in order to stimulate their recovery. The Managing Director, IMF, Christine Largade, said this in Washington DC, United States,...

W’Bank: Only 20% of Muslims Have Access to Financial Services

The Vice President and Treasurer of the World Bank, Arunma Oteh has disclosed that less than 20 per cent, which is approximately 1.6 billion Muslim population across the world have access to financial services. According to her, the growing products...

Travelex Begins Sale of $15,000 to BDCs Today

Travelex, a global foreign exchange dealer, will today disburse the sum of $15,000 to each of the 3,000 registered Bureaux De Change operators in the country. The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, said this...

Fowler Elected Chairperson of African Tax Administartion Forum

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler has been elected as the Council Chairperson of the African Tax Administration Forum (ATAF). Mr. Tunde Fowler emerged the winner of the keenly contested election during the...

NNPC Lauds Defense Intelligence on Security of Oil and Gas Assets

The Nigerian National Petroleum Corporation (NNPC) has applauded the Defense Intelligence Agency (DIA) for its strategic role in providing adequate security in the oil and gas exploration region. Group Managing Director of the NNPC, Dr. Maikanti Baru, gave this commendation...
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