Afrinvest Report: Nigerian Banks Need N4.1tn To Bridge Funding Gap
Afrinvest report has revealed that Nigerian banks need N4.1 trillion to meet new capital requirements and achieve a $1 trillion economy.
Afrinvest report has revealed that Nigerian banks need N4.1 trillion to meet new capital requirements and achieve a $1 trillion economy.
Nigeria has signed $118 million deal to construct and rehabilitate 2,670 km of power lines under the Presidential Power Initiative.
As nationwide protests begin on Thursday, Northern leaders rally in support, while the Niger Delta questions the movement’s intentions.
Former Niger Delta militants have denounced the planned protests, alleging it aims to incite anarchy and unconstitutional change.
“We want prosperity democratised,” said UBA’s Elumelu. “We’re confident of government’s support for economic growth,” said FCMB’s Balogun.
Niger Delta minister Momoh says Tinubu’s footprint in the region will discourage the youths from joining any national protest.
“Most marketers don’t want to sell at ₦650 but at ₦850 due to high costs, including transport and diesel prices.”
NADECO USA has endorsed and expressed their support of the planned peaceful protest to hold Thursday, August 1 in Nigeria.
Finance Minister Wale Edun says Nigeria’s economy grew in the first half of 2024, urging patience amid upcoming nationwide protests.
The Nigerian government has called for restraint, urging citizens to forgo August 1 protest and grant more time for reforms.
“The part of the country that produces oil is the most backward area in the country,”
Nigeria’s Sports Minister John Enoh has promised thorough sanctions when the origin of Favour Ofili’s Olympic registration error is discovered.
NAHCON boss Arabi is being interrogated by EFCC about the handling of approximately N200bn meant for the 2020, 2021 hajj.
Protests against the Tinubu administration are set to start on August 1, with court-imposed restrictions and heightened security.
ARM employee Ogochukwu Odogwu has accused Executive Director Abisola Onigbogi of drugging and raping her during an office party.
As protests loom, the NYO has demanded reductions in government spending to channel funds into infrastructure and poverty alleviation.
Favour Ofili won’t compete in the 100m at the 2024 Olympics due to a registration error by Nigeria.
Former President Obasanjo has emphasised the need for continuity and commitment in ongoing public service reforms for economic development.
The Senate has backed President Tinubu’s directive to sell crude oil to the Dangote Refinery in Naira, citing economic stability.
HOMEF has tagged GMO introduction in Nigeria a mistake, claiming it threatens food security and reduces biodiversity.
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