BudgIT Clarifies Findings On Sokoto State’s Fiscal Transparency Rankings

BudgIT, a civic tech organisation has noted recent publications across various media outlets that misrepresented its findings on Sokoto State’s budget and fiscal transparency.   While we appreciate the media’s role in fostering dialogue, these reports inaccurately represent our analysis, compelling us to clarify the facts and reaffirm our position. […]

Collective Investment Schemes Rises to Over N3trn In 2024, says SEC

  The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024. The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abuja, explained that collective investment schemes are a part of […]

NiDCOM Lauds CBN’s Initiatives to Enhance Diaspora Contributions

The Nigerians in Diaspora Commission (NiDCOM) has lauded the Central Bank of Nigeria (CBN) for introducing two groundbreaking financial products aimed at engaging the Nigerian diaspora: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA).   In a statement released on Thursday by the Commission’s spokesperson, […]

Nigeria’s Headline Inflation Rate Increases to 34.80% in December 2024

Nigeria’s headline inflation rate rose to 34.80% in December 2024, according to the latest report from the National Bureau of Statistics (NBS). This represents a slight increase of 0.20% from the 34.60% recorded in November 2024, primarily driven by heightened demand for goods and services during the festive season. The […]

Curiosity mounts over new children’s show in the offing

The country is buzzing with expectation following hints that a children’s music sitcom will soon make a grand entry into the Nigerian entertainment landscape. Reportedly, the company behind the show is Anthill Studios, a leader in the creation and production of many Nollywood titles including the recent Netflix blockbuster, Lisabi. The organization […]

Popoola Highlights Regional Collaboration At Ethiopian Securities Exchange Inauguration

Group CEO of Nigerian Exchange Group Plc (NGX Group), Temi Popoola reiterated the transformative potential of Africa’s capital markets at the launch of the Ethiopian Securities Exchange (ESX).   Speaking at the event, Popoola emphasized the need for stronger regional collaboration, government-private sector synergy, and innovative market solutions to unlock […]

2025: SEC to Intensify Crackdown on Ponzi Schemes …. Develop Commodities Market

The Securities and Exchange Commission (SEC) has emphasised that protecting investors remains a cornerstone of its mission assuring that the Commission will intensify efforts to stamp out Ponzi and pyramid schemes while paving the way for legitimate investment opportunities to thrive in 2025. Director General of the SEC, Dr. Emomotimi […]