By Janet Bassey (Governance Reporter)

President Muhammadu Buhari, on Monday in Abuja, urged Insurance firms in Nigeria to take advantage of the ongoing efforts by the Federal Government to grow the non-oil sector of the economy through innovation. He commended their role in encouraging medical practitioners to tackle the spread of COVID-19.

By JVINN Okafor (Managing Editor/Head of Business and Economy)

The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion) on August 2, 2021, to boost global liquidity.

By Celestine Okafor (Editor-in-Chief)

In a bold move to increase corporate efficiency, boost productivity and staff morale, the management of Fidelity Bank Plc has elevated 745 employees following its 2019 and 2020 financial years performance reviews.

* Says Real GDP Recovering But Employment, Inflation Remain Elevated

• Recent Exchange Rate Measure Encouraging, Further Reforms Needed For Full Unified Market-Clearing Rate

• Resurfacing Of Fuel Subsidies Worrisome In Context Of Low Revenue Mobilization

By JVINN Okafor (Managing Editor/Head, Economic & Finance Desk)

An International Monetary Fund (IMF) team led by Ms. Jesmin Rahman held virtual meetings with the Nigerian authorities from June 1-8, 2021 to discuss recent economic, financial developments and outlook.

By JVINN Okafor (Managing Editor/Head of Business & Finance) @AuntyJVIN

The African Development Bank has welcomed a report published by the UK House of Commons’ International Development Committee on Britain’s support to the African Development Bank Group.

• *Continental Lending Institution Expected To Approve Decision In October
• VP, Osinbajo's Coordinating Efforts To Involve Agencies And Operators From Both Public And Private Sectors

By JVINN Nwabiani Okafor (Managing Editor/Head, Business and Economy Desk) @AuntyJVIN

In an unprecedented move to spur the entertainment, creativity, and technology sectors in the country, the Buhari Administration has commenced the process that will pump over N200bn into the sectors in financing and investment set to take off by the end of the year.

By JVIN Nwabiani Okafor (Managing Editor/Head Of Business & Economy Desk) @AuntyJVIN

The “Africa’s Business Heroes” (ABH) prize competition is Jack Ma Foundation’s flagship philanthropic program spotlighting and celebrating Africa’s entrepreneurial talent which opened applications for its third annual edition.

• As South Africa Firm Announces African Expansion And Calls For AfCFTA To Be Catalyst To Build Africa's Water Infrastructure

By Juliet Nwabiani Okafor (Managing Editor) @AuntyJVIN

The United Nations warns that the world could face a 40 percent shortfall in water supply by 2030, with Africa – which already suffers from greater levels of water stress than other regions likely to bear the brunt.

By Juliet Nwabiani Okafor (Managing Editor) @AuntyJVIN

The African Development Bank Group has signed financing agreements of €109 million with the Government of Egypt to improve sanitation infrastructure and services for rural communities in Luxor Governorate in Egypt’s Upper Nile region.

By Tony Obiechina

Economic expert, Prof Uche Uwaleke has listed four major lessons to be learnt from National Bureau of Statistics(NBS) report which stated that Nigeria has exited the current economic recession.

By Olajide Benson (Lagos State Correspondent)

General Electric Nigeria has announced the appointment of Mohammed Mijindadi as President of GE Nigeria. In this role, Mohammed will focus on strengthening GE’s impact in Nigeria, building strong stakeholder relationships across Power, Healthcare, Aviation, and Renewable Energy sectors, and supporting the businesses to develop and execute the market strategy.

By Chinwendu Agoha (Governance Reporter)

The Corporate Affairs Commission (CAC) has threatened to sanction registered companies that fail to revalidate their bank accounts by March 31, 2021.