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Finance
CBN’s ‘RT200’ Strategy Increases Fund Repatriation by 40%,…
Godwin Emefiele, the governor of the Central Bank of Nigeria, claimed that the bank's 'Race to USD200bn In FX…
IMF Warns CBN as eNaira Transactions Hit N1.4m.
Kristalina Georgieva, Managing Director of the International Monetary Fund, has warned of the unpredictable…
Nigeria to Become Top Middle Income Economy By 2050, Says Buhari.
The Nigeria Agenda 2050 was officially unveiled on Wednesday in Abuja, with the statement that its implementation…
Foreign debt: FG Deducts N78 billion from State Allocations.
The Federal Government deducted over N78bn from allocations made to the states for external debt servicing,…
In One Week, Investors Lost N304 billion.
The market capitalization lost N304 billion to end the week at N27.963 trillion, and the All-Share Index decreased…
FAAC: Allocation Decreases as FG, States, and LGs Split N715 billion.
According to the Federal Account Allocation Committee, in March 2023, N714.63 billion was distributed across the…
The Nigerian Exchange Limited Recorded N2bn Gain for Investors.
The Nigerian Exchange Limited rebounded on Tuesday, recording N2bn gain for investors.
The All-Share Index also…
External Reserves Slide Further to $35bn.
According to data received from the Central Bank of Nigeria, the nation's foreign reserves decreased by $112.78…
FG: 40% Salary Increase for Workers in April.
By the end of this month (April), the Federal Government will start paying the anticipated wage raise for…
Subsidy Removal: FG Seeks Legislative Approval before Distributing $800 million to…
Mrs. Zainab Ahmed, the minister of finance, budget, and national planning, has stated that legislative approval is…
World Bank: 96% of Nigeria’s Revenue Utilized to Repay Debt in 2022.
Nigeria is in a more precarious position now than it was before the late 2021 global oil price boom. In 2022, the…
NSIA Assets Reach $1 trillion and Draw $500 million in FDI.
The Nigeria Sovereign Investment Authority increased its net assets from N919.73 billion in 2021 to N1.02 trillion…
CBN Moves to Invest Unclaimed Funds in Dormant Accounts in T-bills.
According to a proposal made by the Central Bank of Nigeria, banks should move money from accounts that have been…
IMF Calls on Nigeria to Increase Tax, Decrease Borrowing.
The International Monetary Fund (IMF) has once again advised Nigeria to intensify efforts to expand the tax base,…
IMF Advises CBN to Maintain a Strict Monetary Policy to Control Inflation.
The Central Bank of Nigeria (CBN) was given a recommendation by the International Monetary Fund (IMF) to continue…
In 2022, Debt Servicing Increased by 14.68%-DMO
According to DMO, N2.93 trillion was spent in 2021 on payments for servicing both domestic and foreign debt.…
According to analysts, U.S Banks are Offering Incentives to Lock in Consumer…
As the Federal Reserve increased interest rates, customers cried out for banks to pay more for deposits. Analysts…
Nigerias’ Financial Crisis Lowers Productivity in the Private Sector.
In March 2023, the private sector of the Nigerian economy saw productivity steadily decline as a result of the…
Senate Debates Buhari’s Request for a N9.6 billion Refund to Plateau and…
Ahmad Lawan, the President of the Senate, requested that the Senate Committee on Foreign and Local Loans take into…
World Bank: Incoming Govt Faces Weak Growth, Multiple Policy Issues
According to the World Bank, this year will bring policy issues and lackluster economic development for Nigeria's…
Buharis Administration Recommends Salary Increases after Eliminating Fuel…
According to Labour Minister Chris Ngige, the outgoing government in Nigeria has advised the next administration…
Firm will Introduce Merchant Financing Program.
Akshay Grover, the chief executive officer of the Pan-African fintech company Cellulant Group, which has…
President Buhari Grants a 60-day Extension to Turn in Outdated Currency.
President Muhammadu Buhari of Nigeria granted the go-ahead for the central bank to add another 60 days to the…
FG Increases SUKUK Funds to N742.56bn For Road Projects.
The Federal Government, through Debt Management Office (DMO), has raised N742.56 billion via Sovereign Sukuk for…
Finance Minister Tells Retirees Ghana Debt Swap Deal Is Beneficial.
In an effort to complete a domestic debt exchange, the beleaguered government of Ghana in West Africa told a group…
In 2022, Migrant Workers Sent about $800 billion Home.
People in low and middle income countries depend on migrant workers money sent home, which is expected to have…
Reps Drop The N22.7tn Loan Proposal And Approve The Borrowing Of N1tn
The President's requests for Ways and Means Advances from the Central Bank of Nigeria were partially accepted by…
IMF Forecasts 3.2% Economic Growth in Nigeria.
According to the International Monetary Fund, actions taken to alleviate insecurity in the oil sector will cause…
Banks’ Percentage of Consumer Loans Reaches 29.13%.
By the end of December 2022, the maximum loan rate in the banking industry was 29.13% while the return on savings…
Nigeria: FG Allots N1.2tn for CBN Debt Servicing.
According to research, the Federal Government intends to spend N1.2 trillion servicing the loans it received from…