A former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has called for the creation of a N500bn Venture Capital Fund to support entrepreneurship so as to boost the Nigerian economy. He spoke at the inaugural summit of the Kingsley Moghalu Youth Initiative Summit held at the Aminu Kano Centre for Democratic […]

The Osun State Agency for Community and Social Development Project has partnered the World Bank Group to commit over N2bn to social developmental projects aimed at reaching 1,073,129 beneficiaries in rural communities. According to a statement, the partnership is delivering 356 inclusive, gender-sensitive and multi-sectoral micro projects, covering education, rural electrification, primary healthcare, transportation, potable […]

Sterling Bank Plc has appointed Mr. Emmanuel Emefienim as executive director for Institutional Banking. His appointment has been approved by the Central Bank of Nigeria with immediate effect. According to a statement by the lender, Emefienim has over 25 years experience in the Nigerian banking industry, having worked in various middle and senior management roles […]

Hopes for Nigeria’s first rate cut since 2015 dimmed as higher fuel costs in January countered a drop in food prices and kept inflation well outside the Central Bank of Nigeria’s target. The nation’s consumer-inflation rate fell for a 12th straight month in January, reaching 15.1 per cent as food-price growth decelerated, the National Bureau […]