Amid Fiscal Risks, Fed Govt Borrows N24trn From CBN
The Federal Government has borrowed N6.31tn from the Central Bank of Nigeria through Ways and Means Advances in 10 months.
This has pushed the Federal Government’s borrowing from the CBN from N17.46tn...
In Five Days, Investors Staked N15.3bn On Equities
At the close of transactions last week, a turnover of 711.6 million shares worth N15.3 billion was recorded in 16,662 deals on the floor of the Nigerian Exchange Limited (NGX).
This volume of...
Annual UK-study Expenses Now $2.5bn Amid Forex Scarcity
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said annual foreign exchange outflow on study-related to the UK has hit to about $2.5bn as visa applications increased.
He also said the official...
Insurance Sector Records 28% Growth In Q3, 2022
Insurance sector recorded 28.26 per cent growth in the third quarter of 2022, according to figures obtained from the National Bureau of Statistics.
The NBS stated in its ‘Nigerian Gross Domestic Product report...
FG Pledges Continued Skills Development To Deepen $420bn Economy
The Federal Government has pledged to continue skills acquisition programmes across Nigeria to deepen the economy estimated at $420bn.
Speaking at the ITF-NECA Technical Skills Development Project (TSDP) Stakeholders’ Dialogue Forum in...
Russia Now Fourth Largest Forex Reserve Holder
Russia has risen to fourth place among the world’s largest economies in terms of foreign exchange reserves, RIA Novosti calculations published on Saturday show.
In the first nine months of the year, Russia’s holdings,...
