The African Development Bank Group (AfDB) and the Inter-American Development Bank (IDB), yesterday, has applauded the announcement made by the International Monetary Fund’s (IMF) Executive Board approving hybrid capital as an eligible instrument for channeling of Special Drawing Rights (SDRs). The proposed SDR-hybrid-capital based solution ... Read more

Sterling Bank, in collaboration with AI in Nigeria, has announced the ‘Nigeria AI Landscape and Startup Report,’ offering a comprehensive view of Nigeria’s AI ecosystem and startup scene. The report explained the significance role of AI in driving innovation and economic growth in Nigeria while providing insights into the chall ... Read more

The Chartered Risk Management Institute has expressed commitment to collaborate with the Securities and Exchange Commission to enhance investor confidence in the nation’s capital markets. This was disclosed by the President of the institute, Dr. Ezekiel Oseni, during a courtesy visit to the Director-General of SEC, Emomotimi Agama in Abuja ... Read more

The Association of Bureaux De Change Operators of Nigeria has requested the Securities and Exchange Commission’s guidance and collaboration on its digital currency market called ‘Kolectyomoni’. A statement from the association on Thursday indicated that this was disclosed during an official visit to the newly appointed Director ... Read more

The Federal Government disclosed its plans to advanced the process of developing a national policy on marine and blue economy, which is expected to contribute $2.7bn to the country’s economy. This was disclosed by the Director of the Maritime Safety and Security Department in the Ministry of Marine and Blue Economy, Babatunde Bombata, on T ... Read more

The economy records an additional Investments worth $50m in the last five months through the Presidential Compressed Natural Gas Initiative. This was disclosed by the Programme Director/Chief Executive, PCNGI, Michael Oluwagbemi, at the Southwest stakeholders’ forum held Wednesday in Lagos. Oluwagbemi noted that the CNG initiative was c ... Read more