Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) would be the Special Guest of Honour at the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 scheduled for Friday, July 31, 2026 at Oriental Hotel, Lekki Road, Victoria Island, Lagos. The theme of the Roundtable is: Fintech: Driving the Future of Digital Financial Ecosystem in Nigeria. Dr. Aminu Maida was appointed the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC) by President Bola Tinubu on Wednesday, October 11, 2023. Maida holds an MEng in Information Systems Engineering from Imperial College, London in 2002 and in 2006, he…
Author: Elvis Eromosele
The Federal Government has warned that Nigeria’s legal gridlock is actively suffocating economic growth, revealing that commercial lawsuits take an average of 15 years to grind through the court system. To break this bottleneck, Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, is calling for the immediate establishment of a specialised, fast-tracked commercial tribunal to restore investor confidence and unlock a target $1 trillion capital market. Speaking in Abuja at the Second Biennial Conference of the Capital Market Academics of Nigeria (CMAN), Oyedele stated that the current 15-year timeline required for business disputes to clear the High…
The World Bank has approved a $1.25 billion Development Policy Financing (DPF) facility for Nigeria while unveiling a new six-year partnership strategy aimed at accelerating private sector-led growth, creating jobs and supporting key economic reforms. The approval, announced on Wednesday, comes despite growing public concern over Nigeria’s rising debt profile and calls for greater accountability in the use of previous multilateral loans. The financing forms part of the World Bank’s new Country Partnership Framework (CPF) for Nigeria, covering the period from 2026 to 2032. According to the World Bank, the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development Policy…
Twenty Nigerian states will receive a combined $27 million in performance-based grants under the World Bank-supported Human Capital Opportunities for Prosperity and Equity (HOPE) Governance Programme after meeting key reform benchmarks in education, healthcare and public financial management. The National Coordinator of the HOPE Governance Programme, Dr. Assad Hassan, announced the disbursement during a retreat for Commissioners, Permanent Secretaries and Directors of Budget and Planning in Abuja. The HOPE Governance Programme is a $500 million World Bank-backed initiative implemented through the Federal Ministry of Budget and Economic Planning to improve financing for basic education and primary healthcare while strengthening transparency,…
Nigeria has emerged as Africa’s highest-performing economy on the economic performance pillar of the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, outperforming five other African countries assessed in the report. Despite this achievement, the country ranked 68th out of 70 economies in the overall competitiveness index, highlighting the persistent impact of infrastructure deficits, institutional weaknesses and macroeconomic challenges on its business environment. The IMD evaluated 70 economies using four broad indicators: economic performance, government efficiency, business efficiency and infrastructure. According to the report, Nigeria scored 45.2 points on the economic performance pillar, ranking 55th globally and…
The International Monetary Fund (IMF) has said Nigeria failed to capture public spending equivalent to about 2 per cent of Gross Domestic Product (GDP) in its recent national budgets, a gap that understates the country’s true fiscal deficit and borrowing requirements. The disclosure was made on Wednesday by Christian Ebeke, IMF Resident Representative in Nigeria, during an engagement with business executives in Lagos. According to the Fund, a significant portion of government expenditure—particularly capital projects—was executed outside the official budget framework, making Nigeria’s reported fiscal deficit appear lower than its actual financing needs. Speaking at the event, Christian Ebeke said…
The Bank of Industry (BOI) has signed a $170.06 million Fund of Funds management agreement with Kuramo Capital Management under the Federal Government’s Investment in Digital and Creative Enterprises (iDICE) Programme, in a major push to expand financing for technology, innovation and creative businesses across Nigeria. The agreement was signed in Abuja on Wednesday during a ceremony attended by stakeholders in the country’s innovation ecosystem. Olasupo Olusi,, Managing Director of the Bank of Industry, described the deal as a significant milestone in the Federal Government’s efforts to deepen investment in Nigeria’s digital economy and strengthen the country’s position as a…
President Samia Suluhu Hassan of Tanzania and President and Chief Executive of Dangote Industries Limited, Aliko Dangote, have opened talks on a new wave of multi-billion-dollar investments spanning power generation, transport infrastructure, fertiliser production, ports and regional trade. The high-level meeting, held at the State House in Dar es Salaam, reaffirmed the long-standing partnership between Tanzania and the Dangote Group while laying the groundwork for fresh investments to support the country’s industrialisation and economic transformation agenda. Speaking after the meeting, Aliko Dangote described Tanzania as one of Africa’s most attractive investment destinations, saying the Group had identified strategic sectors capable…
The Nigeria Deposit Insurance Corporation (NDIC) says it has remitted about ₦950 billion to the Federal Government’s Consolidated Revenue Fund (CRF), with expectations of surpassing last year’s ₦274 billion contribution as its financial performance continues to improve. Speaking at a media briefing on the Corporation’s contribution to the Federal Government’s Renewed Hope Agenda, Dr. Thompson Oludare Sunday, NDIC Managing Director, said the Corporation has remained financially self-sustaining while consistently supporting government revenue. “I think we have contributed about ₦950 billion to the CRF and our contribution has continued to trend upward. Last year, it was around ₦274 billion. Hopefully, this…
The Federal Government has begun moves to seek compensation from the South African government for Nigerians who were forced to abandon businesses and other assets amid renewed anti-immigrant protests in the country. Alexander Ajayi, Nigeria’s Acting High Commissioner to South Africa, disclosed this on Tuesday during an appearance on Channels Television’s The Morning Brief. Ajayi said many Nigerians voluntarily chose to return home ahead of planned anti-immigrant demonstrations. He revealed that the government has started documenting businesses, vehicles and other properties left behind by returnees as part of preparations for formal compensation discussions with South African authorities. According to Ajayi,…