The Minister of Finance, Mrs. Kemi Adeosun has said that the inability of the Federal Government to generate enough revenue to meet its obligations had left it with no other choice than to turn to international financial institutions for loans to finance critical infrastructure projects. She said that with a huge monthly personnel expenditure of about N210 billion, coupled with …

In order to ensure an effective policing of the capital market, the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have signed a Memorandum of Understanding. The signing ceremony took place Wednesday at the EFCC office in Abuja. The MoU serves to among others promote the efficient investigation and conclusion of all cases reported by …

NIBBS MD/CEO Ade Shonubi The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi has reiterated the rising significance of digital or online media in financial news reporting, saying it is where the future lies. Speaking yesterday at the launch of Ficannews.com, an online news website published by Finance Correspondents Association of Nigeria (FICAN), the NIBSS boss said the group …