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Finance
The IMF Says Financial Institutions are Dealing with Climate-related Shocks.
According to a new International Monetary Fund report, the effects of extreme weather conditions are harmful to…
Nigeria: Kwara State Receives Projects Funding Worth N887 million from the World…
According to Dr. Nusirat Elelu, executive secretary of the Kwara Health Care Development Agency, the state has…
Nigeria Owes China and Four Others $4.85bn
The Federal Government of Nigeria borrowed about $3.27 billion from five nations between June 30, 2015, and…
Financial Crisis: Nigeria FG Reports N14.28 trillion in Revenue Shortfall.
According to information from the Budget Office of the Federation, the Federal Government has experienced a…
The CBN Enlightens Traders About the New Naira Notes.
The distribution of the new naira notes to the entire nation will be completed before the deadline of January 31,…
Nigerian Finance Minister: No Bond Sale in 2023 Due to Debt Trajectory.
The trajectory of Nigeria's debt is manageable. The nation planned to significantly lower its key debt…
The IMF’s Executive Board Authorizes a $240 million Payment to Uganda.
According to the International Monetary Fund (IMF), two reviews of a financing agreement with Uganda were approved…
Alleged Duty Payment Fraud is Discovered by FCCPC.
According to Babatunde Irukera, the Federal Competition and Consumer Protection Commission's executive vice…
Market Value Decreases by N89.14 billion.
The market capitalization of the Nigerian Exchange Limited's stock market decreased by N89.14 billion, signalling…
CBN Initiates $15.3 billion to Help Bolster Naira.
To maintain the value of naira from January to October 2022, the Central Bank of Nigeria injected $15.3 billion…
N446 billion was gained by stock investors.
Due to ongoing buying interest in the local bourse ahead of the 2022 fourth quarter financial year earnings…
Bank Borrowing from the CBN Increases by 260% to N21.87 trillion.
According to CBN financial data, Deposit Money Banks borrowed N21.87 trillion from the Central Bank of Nigeria in…
The World Bank Lowers its Forecast for Nigeria’s Economic growth.
The World Bank Group has once more revised downward its estimate of Nigeria's economic growth, primarily due to a…
Nigeria: Bank Deposits Increased by 19% to N43 trillion.
Bank deposits in Nigeria increased by N6.92 trillion from N36.13 trillion at the end of October 2021 to N43.05…
American Banks Prepare for a Recession and Declining Profits.
Despite lenders stockpiling funds for rainy days in anticipation of an economic slowdown that is wreaking havoc on…
Inflation in the Euro Zone Drops To 9.2% as Energy Prices Stabilize.
The European Central Bank is not expected to change its stance in response to the euro zone's inflation declining…
Nigeria’s Debt to Hit N77tn, While Loan Servicing Will Cost N5.2tn.
Nigeria debt 2022: If the National Assembly grants the president's request to reorganize the Ways and Means…
EFCC Obtains N13 billion from Unauthorized Fuel Subsidy Payments.
According to information obtained by the PUNCH, the Economic and Financial Crimes Commission (EFCC) recovered…
CBN Plans to Decrease Cash-based Transactions by 2025.
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the use of…
IMF: One-third of The Global Economy will Experience A Recession.
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This…
CBN External Reserves Decreased by $3.43 billion in 2022.
The Central Bank of Nigeria provided data showing a $3.43 billion decline in Nigeria's foreign reserves in 2022.…
Nigeria: Economic Group Takes on The National Assembly Over The Finance Bill.
The National Assembly hasty adoption of the 2022 Finance Bill has alarmed an economic think tank, the Centre for…
World Bank: CBN Loan Repayments will Consume 62% of Revenue.
Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government's…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The…
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed a…
Emefiele Should Defend Himself, Group Says Regarding Terrorism Financing.
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin…
U.S. Looks Into $370 million Theft Following FTX Bankruptcy: Bloomberg News.
According to Bloomberg News, which cited a source familiar with the investigation, federal authorities are looking…
UN: Nigerians are being Impacted by Falling Naira and Rising Food Prices.
According to a report by the United Nations Conference on Trade and Development, a combination of high food costs…
World Bank Advises CBN to Review the RT-200 FX Policy.
Despite its best efforts, the World Bank has requested the Central Bank to reevaluate its RT-200 Program.The…
Tanzania: NBC Bond Trades at DSE Following a Successful Sale.
The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar…
Uganda and IMF Agree to a $240 million Funding Deal.
Uganda and the International Monetary Fund (IMF) have established a staff-level agreement for the delivery of…