Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has reiterated the Bank’s commitment to collaborating with relevant financial institutions, fiscal authorities, and the National Assembly in order to ensure the success of the ongoing bank recapitalization exercise.  

In a bid to position Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, Mr. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organized by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria).

The Asset Management Corporation of Nigeria (AMCON) has achieved a remarkable triple-digit growth of 202 per cent from N34.730 billion in 2022 to N108.433 billion in 2023 despite challenging macroeconomic conditions coupled with economic headwinds. 

According to Mr Adewale Oyerinde, the Director-General of the Nigeria Employers’ Consultative Association (NECA), the Federal Government should adopt alternative policies to foster growth and development in the private sector. 

Vice President Kashim Shettima is seeking a more robust collaboration between government and business leaders to propel the nation’s economic aspirations.

The World Bank has affirmed its 3.3 per cent economic growth forecast for Nigeria in 2024 saying the nation’s economy was mildly buoyant in the early part of the year despite macroeconomic adjustments.