…businesses in sectors including manufacturing, mining and quarrying, public utilities, finance and insurance, and construction faced lending rates of up to 60% at some banks.

…Makarfi and Abdu Kwari, as well as former Commissioner for Local Government Affairs and Finance and two-time Chief of Staff to El-Rufai, Bashir Saidu. Rejecting the description of its members as disgruntled politicians seeking relevance, the group said, “We are not a handful of disgruntled individuals looking for polit…

…for Deposit Money Banks and Mobile Money Operators, alongside N2m per depositor for Microfinance Banks, Primary Mortgage Banks, and Payment Service Banks. According to the NDIC MD, this enhancement guarantees 100 per cent deposit coverage for more than 98 per cent of bank depositors nationwide, shielding households and…

…CGGN said.The group also formally withdrew any suggestion that the Minister of Finance and Coordinating Minister of the Economy should take disciplinary action against Omosehin based on its earlier petition."We therefore retract, without reservation, every demand for the immediate resignation or suspension of the Commi…

…had taken. He said these decisions, while difficult, were necessary to put public finances on a more stable footing and create conditions for sustained growth.The group also cited investments in roads, rail, power, housing and agriculture as further reasons to seek continuity under the current administration, arguing t…

…read. However, the two reportedly had different expectations when they discussed their finances. ‘She Will Not Split Costs 50/50’ The relationship expert claimed that the woman made it clear she would not agree to splitting their expenses equally. “When they sat down to talk money, she was clear: she will not split cos…

…major highways, road reconstruction and rehabilitation, urban infrastructure and housing finance. The period has recorded over 10,000 housing units across 14 states and the Federal Capital Territory, alongside more than 2,700 kilometres of highways and major roads reported to be under construction, reconstruction or re…

…in skills required by employers and provide Nigerian businesses with infrastructure and finance needed for growth. Tinubu said he wanted to see more Nigerians producing goods locally, Nigerian farms supplying cities and factories, and Nigerian businesses exporting their products to international markets. The President,…

…Cash of the Credit Rating Research Initiative, Oluwakemi Babalogbon of the Ministry of Finance Incorporated, Kai Gehring of the University of Bern, and Misheck Mutize of the African Peer Review Mechanism. Highlighting the objective of the gathering, the Founder and Managing Director of DataPro Limited, Abimbola Adeseyo…

…considered by the council. Giving details of the gratuity payments, the Commissioner for Finance and Economic Development, Muhammad Gambo Magaji, said the council approved N2.18 billion to settle outstanding gratuities owed state retirees for 2024 and N4.06 billion for 2025. He said the latest intervention brought the…

…improve trade routes and the economy. He added that the government is expanding mortgage finance to boost housing and jobs. On agriculture, Akume said the World Bank has approved a $500 million credit for the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) project. “This initiative will raise smallhold…

Twin sisters Sonusi Busolami Taiwo and Sonusi Busayomi Kehinde both graduated from Osun State University with strikingly similar CGPAsThe sisters initially gained admission into the Department of Public Health before switching to the Department of Nursing Science in their 200 levelThe twins revealed they studied togeth…

…per litreAirlines say rising fuel and foreign exchange-linked costs are squeezing their finances, prompting calls for government intervention PAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, bankin…

…According to him, the key consideration should be whether the proposed borrowing would finance productive investments capable of generating jobs, increasing revenue and supporting sustainable economic growth. “The proposed additional $1.5 billion should be assessed against its purpose, cost, repayment terms and, most i…

…Dr. Muhammad Abdullahi, disclosed this at the opening of the 38th Seminar of the Finance Correspondents and Business Editors, in Abuja, yesterday. He said that the current regime at the apex bank met a myriad of challenges when it assumed duties in 2023 and had to undertake various reforms to effectively tackle them. H…

…University, held an executive position in his department while studying Banking and FinanceMohammed took to his TikTok page to share his academic result, revealing the CGPA he finished with after years of studyThe certificate he displayed on social media showed a specific CGPA figure that caught the attention of many v…

…development where it cannot afford to scare away capital. The country needs investors to finance factories, roads, power projects, housing, technology, agriculture, logistics and other businesses capable of creating jobs and expanding the tax base.PAY ATTENTION: Mark Legit.ng as a preferred source, and our content will…

…Gaza, Palestine, Cuba, Sudan, slavery, reparations, Africa’s mineral wealth, climate finance, debt, global health and reform of the international financial system. The significance for Nigeria and the rest of Africa lies not merely in what Mahama said, but in the architecture of his argument: Africa should no longer be…

…means.’ The ex-Managing Director, Osun State Investment Company Limited, and two-term Finance Commissioner under Governors Rauf Aregbesola and Adegboyega Oyetola, saluted the celebrant for his genuine love, compassion and empathy for mankind. Oyebamiji specifically expressed gratitude to the ex-Osun State Governor for…

…5287459667, bearing the name Global Food Initiative and domiciled in an online microfinance bank, last Monday.See more Punch stories on Google.Add Punch on Google “I got here this morning and met a crowd waiting to be attended to. But the operators were nowhere to be found. I was warned, but I never thought they would…

…conventional interest.Infinity Trust remained considerably smaller. Its focus on housing finance also makes direct comparisons with diversified banking groups less straightforward.Economist seeks stronger business lendingEconomist Dr Aliyu Ilias told The PUNCH that banks were benefiting from economic activity, particul…

…would raise the size of ACReSAL from its previously approved $700m to $1.2bn, entirely financed through the International Development Association, the World Bank’s concessional financing arm. The document said, “The Government of Nigeria has requested AF of $500m to scale up demonstrated project results and strengthen…

…including those of Obi and former Governor Willie Obiano. Anambra State Commissioner for Finance, Izuchukwu Okafor, said the Soludo administration had not borrowed from any commercial bank since assuming office but had continued to service inherited loans. Okafor said deductions were being made from the state’s Federat…

…a more sustainable and reliable power sector,” he said. Also speaking, the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, said the Series-2 transaction represented an important step towards resolving the accumulated legacy obligations that had weakened liquidity and constrained investm…

…also copied to departments and formations at Force Headquarters, including Intelligence, Finance and Administration, the Directorate of Training and Development, the Force Criminal Investigation Department, Research and Planning, ICT and the Force Security Department. According to the police, intelligence revealed the…