Exploring Technology As the New Lubricant of Economic Growth By Inyene Ibanga       Today, technology has become inevitable in our everyday lives. It is playing a very important role in how we live and communicate with everything around us. The reality is that the world we are...

Recapitalistion: Insurers Want NAICOM To Waive Dec Deadline         Insurance companies have urged the National Insurance Commission to waive the first phase of its segmented recapitalisation for the insurance and reinsurance companies scheduled to end by December 31, 2020. They spoke during a meeting of insurance companies’...

FG Seeks NASS's Approval For Issuance Of N35bn Promissory Notes         The federal government yesterday revealed plans to issue promissory notes worth N35.813 billion to 30 local contractors. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this during the 2021 budget defence held...

COVID-19: We Spent N3.5trn On Economic Growth - CBN       The Central Bank of Nigeria (CBN), says it has so far made a total of N3.5trillion disbursements to cushion the effect of COVID-19 pandemic on the country’s economy. This is contained in a review of the 132nd...

Bad Loans: Banks Reduce Consumer Credits By 11%       Lending by banks to consumers fell cumulatively by 11 percent or N100 billion to N1.4 trillion over two months – July and August 2020 – driven by pressure to curtail rising bad loans. Bankers said the development was...

‘Over 82.9m Nigerians Currently Living Below Poverty Line’       With over 82.9million Nigerians currently living below the poverty line, there is a need to urgently tackle poverty to get the economy back on track, according to ActionAid Nigeria. The Country Director, Actionaid, Ene Obi, also said unemployment...