The Bank Directors Association of Nigeria (BDAN) has reaffirmed the association’s commitment to policies aimed at strengthening Nigeria’s financial ecosystem. Speaking during a pivotal meeting with Taiwo Oyedele, chairman of the Presidential Fiscal Policy & Tax Reforms Committee, Mustafa Chike-Obi, chairman of BDAN, highlighted the importance of fostering a collaborative approach to ensure that proposed

Funke Akindele, a Nigerian actress and filmmaker, has been spotlighted as honouree for the 14th edition of Movie in the Park, a premier outdoor cinematic event. Since its launch in 2021, Movie in the Park has grown into Nigeria’s largest outdoor movie screening platform, drawing around 3,000 attendees per edition. The event offers a unique

The Daramola Dynasty Foundation has awarded 1.5 million Naira in grants to five small business owners through its ProSkill Accelerator Program, targeting the significant challenge of youth unemployment in Nigeria. With youth unemployment affecting over 40% of young people, the foundation aims to support entrepreneurs who have innovative ideas but lack funding. The grants are

Aliyu Sabi Abdullahi, minister of state for agriculture and food security, has launched the Performance Management System (PMS) in the ministry to enhance service delivery, improve staff performance and develop the agriculture sector. The minister, who revealed this during the launch in Abuja on Monday, said the launch was in line with the ‘Renewed Hope

TAX By Sanusi Maikudi Premium Times’ editorial advocating for the tax reform bills demonstrates a commendable commitment to fiscal restructuring and economic sustainability. However, while the editorial raises valid points on the urgency of reforming Nigeria’s tax system, it does so with an oversimplified view of the contentious issues and the regional dynamics at play.

The International Air Transport Association (IATA) Finally, Nigeria Out of List as IATA Reports $1.7bn Blocked Funds For the first time in recent years, Nigeria is out of the list of countries with a significant amount of airlines’ blocked funds as the International Air Transport Association (IATA) report indicated. Yesterday, the association representing some 340

The Nigerian Senate Senate Threatens Non-performing Agencies Over 2025 Budget The Senate, through its Finance Committee, has issued a stern warning to government agencies, threatening zero allocation in the 2025 budget for those failing to appear before it to account for funds allocated in the 2024 fiscal year. During its session on Monday, the committee

Central Bank of Nigeria Loans to Government Now N42trn – CBN Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year. According to the Money and Credit Statistics data obtained from the CBN’s website

NMDPRA NMDPRA, Oil Producers Disagree on Petroleum Levy Collection Oil producers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday expressed diverse opinions over who should collect the 0.5 per cent wholesale price levy imposed on petroleum products by the Petroleum Industry Act. While the NMDPRA said the oil producers should collect

Governor Monday Okpebholo of Edo State has approved the appointment of Osiobughie Oyase Okhuemoi as his Special Adviser on Media and Publicity and official spokesperson. Naija News reports that this was made known in a statement by the Secretary to the State Government, Umar Musa Ikhilor. Okhuemoi would join the Governor’s Chief Press Secretary, Fred Itua

Governor Babajide Sanwo-Olu has called upon landlords and property owners in Lagos State to avoid raising their rents and property values. Naija News reports that Sanwo-Olu’s message to the landlords and property owners comes following the recent inauguration of major infrastructure projects in the Ifako-Ijaiye Local Government Area. In his address during the launch of

Lagos-based lawyer and activist, Dele Farotimi, ahead of the hearing of a defamation charge filed against him has submitted a preliminary objection asking the Ado Ekiti Magistrate Court to strike out the suit. The objection, dated December 9, 2024, was filed by Farotimi’s legal team led by Senior Advocate of Nigeria (SAN), Adeyinka Olumide-Fusika, along