Finance
NDIC Raises Deposit Insurance Coverage Across Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) has implemented a significant increase in deposit insurance coverage for all licensed deposit-taking financial...
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FG Directs Banks to Deduct Stamp Duty on Mortgage-backed Loans and Bonds
In a recent move aimed at bolstering fiscal performance, the Federal Government has instructed Deposit Money Banks to commence the...
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Opay, Kuda, and Others Banned from Accepting New Customers over Cryptocurrency Concerns
The Federal Government has issued a ban on digital payment platforms such as Opay, Kuda, and other fintech companies from...
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Financial Inclusion: Fintech Will Drive Economic Growth, Lift Millions Out of Poverty-Experts
The question of Financial Technology and financial inclusion as imperatives for sustainable economic growth in Nigeria formed the core of...
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Nigeria’s FX Reserves Show Pause in Descent as Naira Depreciates
In a recent turn of events, Nigeria's foreign exchange reserves experienced a welcomed pause in their five-week descent, marking a...
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FAAC Disbursement Declines in April Amidst Revenue Challenges
The Federation Account Allocation Committee (FAAC) disbursed NGN 1.12 trillion to the three tiers of government in April, based on...
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Nigeria’s Fiscal Deficit Widens in 2023, Driven by Increased Expenditure
According to the Central Bank of Nigeria's Quarterly Statistical Bulletin, the fiscal deficit of the Federal Government (FG) expanded by...
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Capital Releases for 2024 Fiscal Year to Commence in May, Says Accountant General of the Federation
The Accountant General of the Federation, Mrs. Oluwatoyin Madein, has announced that capital releases for the 2024 fiscal year will...
Read moreFederal Government Signs Aso Accord for Economic and Financial Inclusion
In a significant move aimed at advancing economic and financial inclusion across Nigeria, the federal government has signed the Aso...
Read moreFederal Government’s Deficit Spending Soars to N12.86 Trillion in 2023, Exceeding Budget Projections
The Federal Government of Nigeria experienced a significant surge in deficit spending in 2023, recording a year-on-year increase of 52.9...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.