Author Archives: admin

CBN, AFC, NSIA To Fund N1tn Infrastructure Firm — FG

The President, Major General Muhammadu Buhari (retd.), has approved the establishment of a company, Infra-Co, saddled with the responsibility of tackling the nation’s infrastructure deficit. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement on Friday. Akande said the company would take off with an […]

Why We Decided To Regulate Crypto Assets, Others –SEC

The Securities and Exchange Commission has said it decided to provide regulatory certainty within the digital asset space last year due to the growing volume of reported flows. SEC, the apex regulator of the nation’s capital market, had in September last year described digital assets, including crypto assets, as securities, saying it would regulate them. […]

Banks’ Lending Rates Discouraging Productivity, Say Manufacturers

Most manufacturers have said the commercial banks’ lending rates are discouraging productivity in the nation’s manufacturing sector, the Manufacturers Association of Nigeria has said. MAN revealed in a report that 71 per cent of Chief Executive Officers interviewed “disagreed that the rate at which commercial banks lend to manufacturers encourages productivity in the sector.” It […]