Why Fed Govt Will Continue Borrowing – Lawan   The Senate President, Ahmad Lawan, has said that until revenue-generating agencies lived up to expectations, the federal government would continue borrowing to fund infrastructure. Lawan gave the hint on Tuesday in an address...

In Six Years, CBN Invested Over N1trn On Farmers – Emefiele   The Central Bank of Nigeria (CBN) has empowered at least 4,489,786 farmers through intervention financing, leveraging its flagship programme, the Anchor Borrowers’ Programme (ABP). The CBN Governor Mr. Godwin Emefiele,...

Finance, Insurance Firms Boost Services Sector Growth – CBN   The services sector recorded slight growth in the third quarter of 2021, buoyed by the improved performances of the finance and insurance sectors, according to the Central Bank of Nigeria. The CBN,...

Gencos Record N304bn Payment Shortfall In Nine Months   A Chinese company, Chinese Civil Engineering Construction Corporation, has handled the majority of railway projects in Nigeria worth over $25.51bn (N10.5tn)s, according to the United States-based Fitch Solutions’ latest report on Nigeria...

Oil Price Soars To Seven-year High   Oil prices traded within striking distance of its seven-year high at $86.71 per barrel yesterday on continuing supply constraints and waning fears among heavy fuel users of another pandemic-induced slowdown. In the last two weeks,...

FG’s 2022 Target Shaky As Inflation Rises To 15.63%   The National Bureau of Statistics disclosed on Monday that Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021. Earlier data from the NBS showed that headline inflation had maintained...