By Jemimah Wellington, JKNewsMedia Reporter A MAJOR step towards positioning Lagos as a global financial hub has been taken with the signing of a Memorandum of Understanding (MoU) to establish an International Financial Centre (IFC). The agreement, formalised on Monday, is a collaboration between the Lagos State Government, EnterpriseNGR, The...
By Jemimah Wellington, JKNewsMedia Reporter ECONOMIC RECOVERY in Nigeria demands an urgent acceleration of growth, with the government aiming to double the current rate to 7% within two years to alleviate poverty. Nigeria’s Finance Minister Wale Edun stressed this during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday....
By Helen Okechukwu, JKNMedia Reporter DURING the recent International Monetary Fund Spring meeting in Washington DC, Nigeria’s Minister of Finance, Wale Edun, revealed a significant breakthrough for the nation’s economy. A hefty $2.25 billion package from the World Bank was announced, offering a substantial lifetime for Nigerian’s financial la...
By Joke Kujenya IN A recent press briefing held in Washington DC, the International Monetary Fund (IMF) revealed optimistic projections for Sub-Saharan Africa’s economic growth. According to Abebe Selassie, Director of IMF’s African Department, the region’s economy is poised to expand from 3.4% in 2023 to 3.8% in 2024, with expectations of fur...
THE FEDERAL Government has initiated legal proceedings against Binance, a prominent cryptocurrency exchange platform, over allegation of tax evasion. The charged were officially filed at the Federal High Court in Abuja by the Federal Inland Revenue Service (FIRS) in a bid to uphold fiscal responsibility and safeguard Nigeria’s economic integri...
ADEGBOYEGA Oyetola, the Minister of Marine and Blue Economy has emphasized Nigeria’s unwavering dedication to the leadership of the Maritime Organisation of West and Central Africa (MOWCA), and the advancement of the Regional Maritime Development Bank. In a meeting with Dr. Paul Adaliku, Seceretary-General of MOWCA in Abuja last Thursday, Oyet...
