Nigeria’s debt profile to rise on further borrowing –Analysts
Nigeria’s debt profile could rise if the Federal Government’s plan to embark on another round of external borrowing of $6.90 billion to support public finance
Category : Finance
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FG, states, LGs record N413.3bn allocation shortfall
The three tiers of government suffered a shortfall of N413.3bn in allocation from the federation account within a two-month period covering January and February this
82% of firms expect negative revenue growth, says ACCA
A research conducted by the Association of Chartered Certified Accountants research shows that about 82 per cent of firms expect to record negative revenue growth
Coronavirus: IMF MD names Okonjo-Iweala, others in advisory group
IMF Managing Director, Kristalina Georgieva, on Friday, named a former Nigerian finance minister, Dr. Ngozi Okonjo-Iweala, among a group of prominent individuals appointed to serve
FG targets $2.8bn revenue from oil price rebound
– Nigeria joins OPEC to cut crude oil production The Federal Government on Friday said crude oil price would rebound by at least $15 per
IMF plans immediate debt relief for low income countries
The Managing Director of the International Monetary Fund (IMF), Kristalina Geogieva, has disclosed that the body’s Catastrophe Containment and Relief Trust (CCRT) will provide immediate
Experts worried about banks’ growth amid pandemic, falling oil price
Experts have expressed fears about the bubble that may arise in the banking sector, should government fail to provide a favourable business environment that would
Sanwo-Olu Mulls Reordering 2020 Budget to Cushion Pandemic’s Effects
The Lagos State Government has reeled out strategies being put in place to cushion the effects of COVID-19 as the pandemic takes its toll on
AfDB to respond to Nigeria $1.1bn budget support request quickly
The African Development Bank (AfDB) says the $1.1 billion Nigeria budget support request from the bank will be responded to quickly through its fast disbursing
COVID-19: World Bank foresees Sub-Sahara Africa’s 1st recession in 25 years
The World Bank Group says Coronavirus (COVID-19), is taking Sub-Saharan Africa towards its first recession in 25 Years. The bank stated this in a statement
