Anthonia Nwokolo

IMF Urges Nigeria to Target Subsidy Savings at the Poor

IMF Urges Nigeria to Target Subsidy Savings at the Poor

  The International Monetary Fund has advised Nigeria and other African governments to channel savings from subsidy reforms towards targeted social protection for vulnerable citizens amid rising living costs. The International Monetary Fund (IMF) has urged the Nigerian government to ensure that savings from subsidy reforms are directed towards social protection programmes for poor and…

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AFC Appoints Cardoso as Board Chairman

AFC Appoints Cardoso as Board Chairman

The Africa Finance Corporation has appointed CBN Governor Olayemi Cardoso as board chairman as Nigeria seeks $78.5bn in investment for 65 projects and assures investors of continued economic reforms. The Africa Finance Corporation (AFC) has appointed the Governor of the Central Bank of Nigeria, Olayemi Cardoso, as Chairman of its Board of Directors. Cardoso succeeds…

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UBEC: $552m Grant Targets 29 Million Children

UBEC: $552m Grant Targets 29 Million Children

   The Universal Basic Education Commission says the $552.18m World Bank-backed HOPE-EDU programme will cover 65,000 public schools, 500,000 teachers and 10,000 non-formal learning centres, while supporting the construction of 13,000 classrooms. The Universal Basic Education Commission (UBEC) has announced that a $552.18m World Bank-funded education programme will target 29 million children and 500,000 teachers…

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NCC Begins Trial Against Netnaija Over Piracy

NCC Begins Trial Against Netnaija Over Piracy

The Nigerian Copyright Commission has begun presenting evidence against Netnaija Media Enterprises and its representative, Emmanuel Analike, over alleged online copyright infringement involving 1,458 music and audiovisual works. The Nigerian Copyright Commission (NCC) has begun presenting its case against Netnaija Media Enterprises and its representative, Emmanuel Analike, over alleged online piracy involving copyrighted music and…

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CBN Tightens Bank Oversight To Protect Recapitalisation Gains

CBN Tightens Bank Oversight To Protect Recapitalisation Gains

The Central Bank of Nigeria has stepped up enforcement of corporate governance rules, including a 10 per cent limit on banks’ investments in foreign subsidiaries, to protect depositors and ensure the benefits of recapitalisation are not undermined by excessive risk-taking.   The Central Bank of Nigeria (CBN) has tightened its oversight of banks, warning lenders…

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Customs Boss Pledges Support for $1tr Economy

Customs Boss Pledges Support for $1tr Economy

Comptroller-General of Customs Adewale Adeniyi says the Nigeria Customs Service is committed to supporting Nigeria’s ambition of building a $1 trillion economy through trade facilitation, revenue generation and border management. The Comptroller-General of Customs, Adewale Adeniyi, has pledged the support of the Nigeria Customs Service (NCS) towards achieving Nigeria’s ambition of building a $1 trillion…

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