Real Time Financial News Website
Ahmad Lawan, the President of the Senate, requested that the Senate Committee on Foreign and Local Loans take into account President Muhammadu Buhari’s request for the parliamentary nod to refund…
According to the World Bank, this year will bring policy issues and lackluster economic development for Nigeria’s incoming government. The bank forecast a 2.8% economic growth for Nigeria in 2023…
According to Labour Minister Chris Ngige, the outgoing government in Nigeria has advised the next administration of President-elect Bola Tinubu to increase salaries for public sector employees after eliminating fuel…
Akshay Grover, the chief executive officer of the Pan-African fintech company Cellulant Group, which has operations in 18 countries, stated that the company has finalized preparations to introduce its merchant…
President Muhammadu Buhari of Nigeria granted the go-ahead for the central bank to add another 60 days to the deadline for turning in outdated banknotes after cash shortages fueled unrest…
The Federal Government, through Debt Management Office (DMO), has raised N742.56 billion via Sovereign Sukuk for the construction and rehabilitation of roads across the country. “These have deepened the market,…
In an effort to complete a domestic debt exchange, the beleaguered government of Ghana in West Africa told a group of protesting retiree bondholders that they were being given a…
People in low and middle income countries depend on migrant workers money sent home, which is expected to have increased by about 5% to $626 billion in 2022, according to…
The President’s requests for Ways and Means Advances from the Central Bank of Nigeria were partially accepted by the House of Representatives. The President is Major General Muhammadu Buhari (retired).…
According to the International Monetary Fund, actions taken to alleviate insecurity in the oil sector will cause Nigeria’s economy to increase from 3.0 percent in 2022 to 3.2 percent in…
By the end of December 2022, the maximum loan rate in the banking industry was 29.13% while the return on savings deposits was 4.13%. Figures on money market indicators were…
According to research, the Federal Government intends to spend N1.2 trillion servicing the loans it received from the Central Bank of Nigeria through the Ways and Means Advances. Fitch Ratings,…
Nigeria’s central bank unveiled a domestic card program to compete with global cards like Mastercard and Visa in an effort to advance its push to transform the continent’s largest economy…
Members of the country’s organized private sector have called the latest increase in the country’s benchmark interest rate an unfortunate development, claiming that it will worsen the business crisis, lead…
Since the start of the intervention, the Central Bank of Nigeria has disbursed N114.17 billion to beneficiaries under its 100-for-100 Policy on Production and Productivity. Furthermore, the Bank has disbursed…
As of the end of December 2022, the maximum lending rate in the banking sector was 29.13 percent, while savings deposit rates were 4.13 percent. Figures obtained from the Central…
According to a Boston University Global Development Policy Center research, Beijing’s reduction in funding for large-scale oil projects caused loans made by China’s two main trade policy banks to reach…
According to a new International Monetary Fund report, the effects of extreme weather conditions are harmful to the health of financial systems. It went on to say that the risks…
According to Dr. Nusirat Elelu, executive secretary of the Kwara Health Care Development Agency, the state has acquired financing from the World Bank to support infrastructure upgrades in at least…
The Federal Government of Nigeria borrowed about $3.27 billion from five nations between June 30, 2015, and September 30, 2022. According to information from the Debt Management Office’s external loans…
According to information from the Budget Office of the Federation, the Federal Government has experienced a revenue shortfall of N14. 28 trillion during the tenure of President Major-General Muhammadu Buhari…
The distribution of the new naira notes to the entire nation will be completed before the deadline of January 31, 2023, according to the Central Bank of Nigeria. Stakeholders have…
The trajectory of Nigeria’s debt is manageable. The nation planned to significantly lower its key debt service-to-revenue ratio this year and would not borrow on the global capital markets, the…
According to the International Monetary Fund (IMF), two reviews of a financing agreement with Uganda were approved by the IMF executive board and will now allow for the immediate release…
According to Babatunde Irukera, the Federal Competition and Consumer Protection Commission’s executive vice chairman and chief executive officer, some importers and sellers of generating sets in the nation have been…
The market capitalization of the Nigerian Exchange Limited’s stock market decreased by N89.14 billion, signalling the start of a down week. The NGX All-Share Index dropped from 52,512.48 basis points…
To maintain the value of naira from January to October 2022, the Central Bank of Nigeria injected $15.3 billion into the economy. This information was found in the monthly and…
Due to ongoing buying interest in the local bourse ahead of the 2022 fourth quarter financial year earnings result, stock investors on the Nigerian Exchange ended the week with a…
According to CBN financial data, Deposit Money Banks borrowed N21.87 trillion from the Central Bank of Nigeria in 2020 through the Standing Lending Facility window and Repurchase Lending platform. According…
The World Bank Group has once more revised downward its estimate of Nigeria’s economic growth, primarily due to a weakened oil sector. The projection indicates that Nigeria’s economy will continue…