World Bank To Raise $127bn For Mini-grid Power Funding   The World Bank Group will be raising $127 billion for mini-grip power funding by 2030. The bank said it will be leveraging development partner funding and government investment to “crowd in” private-sector finance for the project. It explained...

FG To Deploy PPP To Boost Excise, Tax Revenue   The Federal Government is deploying an Integrated Secure Track and Trace Solution to boost revenue through excise and tax collection. The Public-Private Partnership (PPP) solution, which will adopt the Build, Operate and Transfer option, will allow the...

House Moves Against Non-payment Of Salaries, Pensions   The House of Representatives, on Tuesday, passed for second reading, a bill seeking to prohibit late and non-payment of workers and pensioners by employers. When it becomes law, employees will be entitled to interests on unpaid wages. Underpayment of...

Forex Pressure, High External Reserve Remains As MPC Meets Monday, Tuesday   As the Monetary Policy Committee (MPC) meets Monday and Tuesday, there are posers over a relief for the weakening naira or the speedy inflationary rise, which has prevailed despite a $38.7 billion external reserve. Just...

SEC To Boost Commodities Market Development   The Securities and Exchange Commission (SEC) has expressed its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector. The Director-General of SEC, Lamido Yuguda, said this at the 2022 annual conference of the Finance Correspondents Association...

13 Banks Generate N2.04trn Interest From Customers Loans, Securities Investment   A total of 13 banks generated N2.04trillion interest from customers loans, Securities investments, among others in first half year ended June 30, 2022 on the back of Central Bank of Nigeria (CBN) hike in the...