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Breaking News: Cardoso Hails Growing Investor Confidence in Economic Trajectory
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed his satisfaction over the increasing investor confidence in Nigeria’s economic direction. Despite facing challenges, he highlighted progress made in stabilizing the foreign exchange (FX) market and reducing inflation.....KINDLY READ THE FULL STORY HERE▶
Cardoso made these remarks while hosting a delegation from the Harvard Kennedy School (HKS) as part of their Africa Trek. He noted that recent visits by top executives from JP Morgan, Citi Bank, and the International Monetary Fund (IMF) underscore Nigeria’s positive economic trajectory.
He emphasized the importance of intellectual engagement and policy-driven solutions in fostering trust and understanding in Nigeria’s financial system, and he reaffirmed CBN’s commitment to thought leadership.
The visit marked the first time an Africa Trek delegation had visited the CBN, reinforcing the bank’s dedication to knowledge exchange and strategic partnerships.
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Tinubu Government Increases Allowances, Welfare And Exit Package Of Nigerian Workers.
The administration of President Bola Tinubu has approved an upward review of peculiar allowances, welfare benefits, and exit packages for civil servants across Nigeria.....KINDLY READ THE FULL STORY HERE▶
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Oyedele Steps In As Finance Minister, Takes Over National Economy Portfolio.
Taiwo Oyedele has officially taken over as Nigeria’s Minister of Finance and Coordinating Minister of the Economy following a formal handover from his predecessor, Wale Edun.....KINDLY READ THE FULL STORY HERE▶
The transition, which reportedly took place on Thursday evening, was confirmed in a statement issued by the Ministry’s Head of Information and Public Relations, Efe Ovuakporie.
According to the statement, the handover was concluded within the timeframe set by President Bola Ahmed Tinubu.
In his inaugural address, Oyedele pledged to consolidate ongoing reforms while delivering measurable economic outcomes.
He said his administration would prioritise fiscal discipline, transparency, and improved performance across key sectors of the economy.
He also expressed his readiness to work closely with staff of the ministry to strengthen efficiency and service delivery.
Oyedele commended his predecessor, Wale Edun, for his role in advancing Nigeria’s economic reform agenda, and thanked President Tinubu for entrusting him with the responsibility.
The Permanent Secretary, Raymond Omachi, alongside the Permanent Secretary (Special Duties), Mohammed Danjuma, welcomed the new minister and assured him of the full support and cooperation of the ministry’s workforce.
During Edun’s tenure, the ministry implemented several fiscal reforms aimed at improving revenue generation and economic coordination. However, the period also faced challenges, including budget implementation constraints that affected ministries, departments, and agencies.
There were also concerns over outstanding payments owed to pensioners and contractors during the same period.
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Court Orders Arrest Of Abuja Lawyer, Police Officer Over N300m Eviction Dispute.
A High Court of the Federal Capital Territory (FCT), sitting in Maitama, has issued a bench warrant for the arrest of an Abuja-based lawyer, Victor Giwa, and a police officer, Edith Erhunmuuse, after they failed to appear in court.....KINDLY READ THE FULL STORY HERE▶
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