Global investment flows rebound, reaches $852bn in 2021
After a big drop in 2021 caused by the COVID-19 pandemic, global Foreign Direct Investment (FDI) reached an estimated 852 billion dollars in the first
Category : Finance
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264 million in Nigeria, others undernourished, says IMF
The International Monetary Fund on Tuesday said the COVID-19 pandemic had led to a 20 per cent increase in the number of undernourished persons in
Afreximbank tasks Nigeria on IATF 2021 participation
The African Export-Import Bank (Afreximbank) has charged the Nigerian government to mobilise its public and private sectors to harness economic opportunities in the forthcoming intra-African
IATF 2021 projected to generate $40bn — Afreximbank
The 2021 Intra-African Trade Fair (IATF) is projected to generate more than US$40 billion in trade and investment deals, Dr George Elombi, Executive Vice President,
AMCON canvasses laws to back debt recovery
The Asset Management Corporation of Nigeria (AMCON) has sought laws to back debt recovery in Nigeria with a view to strengthening the nation’s financial system.
Local oil refining needed to strengthen naira – CIBN boss
The President of the Chattered Institute of Bankers of Nigeria, Dr Bayo Olugbemi, has said Nigeria must refine crude oil locally and diversify into agriculture
FG budgets N104bn to maintain, purchase generators in 2022
Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them, The PUNCH has
FIRS to spend N11.36bn on dressing allowance, others
The Federal Inland Revenue Service (FIRS) said it will spend N11.36 billion on corporate dressing allowance and other administrative expenses on its 11, 300 staff
FG personnel cost rises by 79.48%, gulps N13.2tn in four years
The amount budgeted for personnel costs has increased from N2.29trillion spent in 2019 to N4.11trillion in the proposed 2022 budget, according to data obtained from
Blame Nigeria’s high debt service on large expenditure, says finance minister
The Minister of Finance, Zainab Ahmed has blamed Nigeria’s high debt service to revenue ratio on the country’s large expenditure base. She said this during
