Fed Govt Excessive Borrowing From CBN Threatens Exchange Rate, Others   The Federal Government’s excessive borrowing from the Central Bank of Nigeria through the Means and Ways Advances window can have adverse effects on the apex bank’s monetary policy and subsequently...

Stock Market Gains N1.33trn In First Trading Week   The Nigerian Exchange Limited (NGX) kicked off the first trading week of 2022 on a positive note as its market capitalisation gained N1.33 trillion. This followed foreign investors’ and high net worth...

Fed Govt Spent $1.68bn On Food Imports In 9 Months   The Federal Government spent $1.68 billion on food importation between January and September in 2021. This was contained in a Central Bank of Nigeria (CBN) report on sectoral utilisation of foreign...

N10/litre Excise Duty’ll Hurt Output, Revenues - MAN     The introduction of excise duty of N10/liter on non-alcoholic, carbonated and sweetened beverages by the Federal Government will likely cause a 0.43 per cent contraction in output and about 40 per cent...

Senate Begins Probe On N14.7bn PHCN Privatisation Fund In Secret Accounts     The Senate Committee on Public Accounts has begun investigation of N14.7bn proceeds of privatisation of the defunct Power Holding Company of Nigeria allegedly hidden in commercial banks by the...

Fed Govt Loses N1.474trn To 222 Terminal Shutdowns In 10 Months   The production of 50.788 million barrels of crude oil valued at N1.474tn was stalled between January and October last year due to community interferences and other challenges forcing oil...