The International Monetary Fund (IMF) has projected that global growth will decline to 2.8 per cent in 2025, as significant policy shifts continue to unfold across the world. This projection is contained in the IMF’s latest World Economic Outlook (WEO) Update for April 2025, titled “A Critical Juncture Amid Policy Shifts”, released on Tuesday. According…
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has harped on the synergy between aviation and financial discipline for sustainable growth of the industry. Keyamo said this during the inauguration and investiture of the Aviation Chapter of the Institute of Chartered Accountants of Nigeria (ICAN), held on Tuesday in Lagos. The minister was…
The International Monetary Fund (IMF) on Tuesday lowered its global economic growth forecast for 2025 to 2.8 per cent. Predicting the wave of tariffs and uncertainty unleashed by U.S. President Donald Trump will lead to a worldwide economic slowdown. The IMF revised its projection of 3.3 per cent forecast in January. Global growth for 2026…
The Nigerian Insurers Association (NIA) has urged President Bola Tinubu to promptly assent to the Nigerian Insurance Industry Reform Bill 2024, recently passed by the National Assembly. NIA Chairman, Mr Kunle Ahmed, made the appeal during the first quarter 2024 briefing on the insurance industry’s performance, held in Lagos. Ahmed said the bill seeks to…
Shareholders have kicked against the N436.5 billion paid to the Asset Management Corporation of Nigeria (AMCON) by seven banks as banking sector resolution costs in 2024. Some of the shareholders, who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said that the levy had negative consequences on shareholders’ funds. Mrs Bisi…
Gov Uba Sani has commended the World Bank for striving to be part of Kaduna State’s success stories. Sani has also promised that the state can be a model for effective donor agencies’ and the bank’s funded projects in Nigeria, with its strengthened systems and consistent leadership. The Governor spoke when he received the Regional…
Access Holdings Plc. says it generated N642.22 billion as profit for the year ended Dec. 31, 2024. This is a 3.7 per cent increase from the N619.32 billion it generated in 2023. The company made this known in a corporate disclosure through the Nigerian Exchange Group on Wednesday in Lagos. It also proposed a final…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed NIMASA to begin the disbursement process for the Cabotage Vessel Financing Fund (CVFF). Oyetola issued the directive in a statement on Tuesday by Dr Bolaji Akinola, Media and Communications Adviser to the Minister. The minister said the CVFF disbursement would yield significant benefits, including…
The National Information Technology Development Agency (NITDA) has signed a Memorandum of Understanding (MOU) with SecDojo, a French-based cybersecurity training and upskilling company to build cybersecurity resilience and an academy. Mrs Hadiza Umar, Head, Corporate Affairs and External Relations of NITDA said this in a statement on Tuesday in Abuja. Umar said the Director-General of…
The Federal Competition and Consumer Protection Commission (FCCPC), has raided and sealed some shops at Utako market for selling re-bagged and under-weight bags of rice. Sealing the shops in Abuja on Tuesday, Mrs Boladale Adeyinka, the Director, Surveillance and Investigations Department of FCCPC, said the raid followed an intelligence gathered by the Commission. She said…
