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The Central Bank of Nigeria (CBN) has revoked the operational licenses of 46 Microfinance Banks (MfB) with effect from July 1. This was contained in a statement issued by Mrs Hakama Sidi-Ali, Acting Director, Corporate Communications Department of the apex bank, on Wednesday in Abuja. Sidi-Ali said the action was in accordance with the CBN’s powers under sections 12 and …

Since its founding 105 years ago, the Chinese Communist Party (CCP) has remained at the forefront of China’s transformation, leading the country through building itself into one of the world’s leading economic powers. Now, with more than 101 million members, the CCP is leading the country on a new journey towards modernization, building on decades of development. What has allowed …

MP3 + VIDEO: Minister Osaye – Glorify your name We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy

By Ayo Kehinde The International Monetary Fund (IMF) has revealed that Nigeria has recorded government spending equivalent to around 2% of its gross domestic product (GDP) outside of recent official budgets. He noted that the anomaly created a gap between the country’s reported fiscal deficit and its actual financing needs. IMF Resident Representative to Nigeria, Christian Ebeke, disclosed this while …