The Federal Executive Council (FEC) has approved credit facilities of $1.3 billion to support the Development Bank of Nigeria (DBN). The Minister of Finance, Kemi Adeosun made this known at the end of the FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa,...

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission...

President Muhammadu Buhari has launched the Nigeria Economic Recovery and Growth Plan, ERGP, which seeks to restore the nation’s economic status following the high rate of inflation and recession. The launch was undertaken shortly before the commencement of the meeting of Federal Executive Council, FEC,...

The Minister of Finance, Mrs Kemi Adeosun, held her first-ever Facebook Live session . The 23-minute event, filmed at the Ministry of Finance headquarters in Abuja, and broadcast live through her Facebook page, reached an audience of more than 130,000 persons within the first...

The Director-General, National Information Technology Development Agency (NITDA), Dr Isa Ali Ibrahim Pantami has lamented the huge foreign exchange (forex) wasted yearly on the importation of information communication technology (ICT) goods and services. Pantami said a whopping $1 billion or four per cent of this...

With about 70,000 micro, small and medium enterprises seeking various forms of financial intervention to take their businesses to the next level, there are concerns about the ability of the Development Bank of Nigeria (DBN) to meet such demands with its $1.3 billion (N398.45...