FG Plans Bridge Bank To Support Struggling Lenders         Nigeria plans to start a fund that will operate a bridge bank to nurse struggling lenders back to health, Bloomberg reported on Monday. The Central Bank of Nigeria will inject N10bn, or an amount that still needs to...

Nigeria Losing Over N400bn Yealy From Fish Imports — Reps         Deputy Chairman, House of Representatives Committee on Agricultural Institutions, Rep. Awaji Inombek-Abiante(PDP-Rivers), has bemoaned the failure of the Nigerian government to reap over $1billion annually from the Fisheries Industry. Besides, he pledged his Committee’s commitment to...

Buhari Assents to BOFID Act 2020 President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020. It repeals the extant Banks and Other Financial Institutions Act 1991 as amended. This monumental piece of legislation is expected to enhance the soundness and resilience...

FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road         The Federal Government on Wednesday ratified Nigeria’s membership of the African Continental Free Trade Area. The decision was taken at the weekly meeting of the Federal Executive Council presided over by President Muhammadu Buhari. The Minister of Information...

Defence Minister Hails Tetfund's Research and Development Foundation     The Minister of Defence Maj Gen Bashir Salihi Magashi (rtd) has promised sustainable funding of the Military Industrial Complex to empower it to perform its statutory mandate. This according to the Minister will be driven by continously leveraging...

No Plan To Increase VAT, Others – Fed Govt       The Federal Government has refuted speculations it plans to increase the Value Added Tax (VAT) and other taxes in its proposed Finance Bill. Minister of Finance, Zainab Ahmed, who spoke while defending the Ministry’s budget before the...