A new report by BudgIT has revealed that states across Nigeria owe contractors and retirees a combined N1.06tn, even though they received record-high revenue allocations in 2024. The figures, contained …
Finance
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EconomyFinanceGOVERNMENTInfrastructureNigeriaPensionPublic PolicyState News
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Capital MarketFinanceGOVERNMENTInfrastructureINVESTMENTLagos News
Lagos State’s Latest Bond Issuance Records 70% Oversubscription
Lagos State has continued to strengthen its position in Nigeria’s capital market as the government’s latest bond issuance received overwhelming support from investors. The Lagos State Commissioner for Finance, Abayomi …
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Capital MarketFinanceNigeriaRegulationTechnology
SEC Pushes for Technology-Driven Compliance Ahead of 2025
The Securities and Exchange Commission has called for stronger adoption of technology-driven compliance systems across Nigeria’s capital market as preparations heighten for the SEC/Nigerian Capital Market Institute Compliance Summit 2025. …
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AgribusinessAgricultureEconomyFinanceINVESTMENTNigeria
Valency Agro Nigeria Completes N13bn Commercial Paper and Exports
Valency Agro Nigeria Limited has strengthened its position as one of Nigeria’s leading agro-processing and export companies with the completion of a N13bn Commercial Paper issuance. The issuance, which is …
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BankingEconomyFinanceGovernancePublic Accountability
Audit Alleges CBN Re-Circulated N29.77bn Dirty Notes Under Emefiele, Violating Clean Note Policy
The Office of the Auditor-General of the Federation has accused the Central Bank of Nigeria, under former Governor Godwin Emefiele, of re-circulating dirty and unfit banknotes valued at N29.77bn in …
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BusinessCentral BankingEconomyFinanceINVESTMENTNewsNigeria
S&P Upgrade Boosts Confidence in Nigeria’s FX Reforms and Economic Outlook
Nigeria’s recent upgrade by S&P Global Ratings to a “positive” outlook has strengthened confidence in the Central Bank of Nigeria’s (CBN) ongoing currency reforms and economic policies. Analysts say the …
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EconomyFinanceHuman RightsLabourLagos NewsSocial Issues
First Bank Retirees Protest in Lagos, Demand Better Pensions and Medical Support
Some retirees of First Bank of Nigeria staged a peaceful protest at the bank’s headquarters in Marina, Lagos, on Wednesday, calling for improved welfare and an urgent review of their …
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FinanceGhana EconomyGovernanceINVESTMENTPetroleum
Ghana Parliament Approves Review of Petroleum Revenue Management
The Ghanaian Parliament on Tuesday adopted a report recommending a review of the Petroleum Revenue Management Act, Act 815, to allow the government to invest petroleum revenues in ways that …
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BusinessFinanceGhanaGovernanceInternational TradeTax Policy
Ghana Parliament Approves $10.46m Tax Waiver for Tata Consultancy Services
The Ghanaian Parliament on Tuesday approved a report granting a $10.46 million waiver, equivalent to 20 per cent withholding tax, for Tata Consultancy Services (TCS) in relation to a software …
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EconomyFinanceGOVERNMENTLagos NewsPoliticsPublic Policy
Sanwo-Olu Moves To Present N4.2tn Lagos Budget For 2026 As Assembly Confirms Notification
Governor Babajide Sanwo-Olu is preparing to present a proposed N4.2tn budget for the 2026 fiscal year to the Lagos State House of Assembly, marking another significant rise in the state’s …