Nigerian govt’s response to inflation inadequate – World Bank
The World Bank has said that the Federal Government’s response to inflation is inadequate as the country continues to suffer double-digit inflation. According to the
Category : Finance
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Afreximbank admits Algeria as 52nd Member
The African Export-Import Bank (Afreximbank) has announced that Algeria has joined the bank as its 52nd Member State. This is contained in a statement by
NDIC seeks collaboration with ICPC on anti-corruption
THE Chairman of the Nigeria Deposit Insurance Corporation (NDIC) Board, Mrs Ronke Sokefun, has called for stronger collaboration on the implementation of the National Anti-Corruption
Buhari reappoints DMO DG, Patience Oniha, for another 5-year term
President Muhammadu Buhari has approved the re-appointment of the Director-General of the Debt Management Office (DMO), Patience Oniha, for a second term of five years
Investors gained N4.75tr in six months
Investors in Nigerian equities closed the first half with a capital gain of N4.751 trillion. It is the best half-year performance in five years. The
Nigeria pays $300m debt amid worsening revenue
Nigeria has redeemed a $300m diaspora bond, which matured on June 27, 2022, according to the Debt Management Office. In a statement published on its
IoD seeks business-friendly environment to increase FDI inflows
The Institute of Directors (IoD) has stressed the need for a business- friendly environment to increase Foreign Direct Investment (FDI) inflows into the Nigerian economy.
FAAC allocation declines by 30%, states’ finances may worsen
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a
Recurring fuel shortages could push inflation to 19% – Economists
Economists at Vetiva have said recurring fuel shortages could push inflation to 19 per cent in 2022. The economists, Ibukun Omoyeni and Angela Onotu proposed
CBN deploys eNaira enrolment campaign to Lagos markets
The Central Bank of Nigeria, CBN, in conjunction with the Bankers Committee has deployed eNaira enrolment and sensitization campaigns to two major markets in Lagos.
