Nigeria’s Debt Stock Hits N39.6trn In 11 months
The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the...
FG To Raise N471bn From Capital Market In First Quarter
The Federal Government plans to raise about N471 billion in new debt capital from the domestic capital market this quarter as the government begins fund raising to bridge 2022 budget...
With N4.56trn Encumbrances, NNPC To Shed Toxic Liabilities In 2022 - Kyari
Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has said with the implementation of the Petroleum Industry Act (PIA), the company will...
Consumer Loans Rise By 37%, Now N2trn
The upward trend in consumer loans persisted as at October last year, rising 37 per cent, year-on-year, YoY, to N2 trillion, driven by improved credit appraisal and products diversifications offered by banks and...
Insurance Firms’ Assets Hit N2.09trn Amidst Recapitalisation Suspension
The insurance sector’s total assets have risen by N228.24bn in 15 months despite the abrupt suspension of the National Insurance Commission’s segmented recapitalisation exercise.
The second and final phases of the Nigerian insurance...
Naira Declines Amid Devaluation Concerns
The Naira depreciated at the official and parallel markets amid growing concerns that oil revenue fluctuation and global monetary tightening would lead to further devaluation of the currency.
Official data and trading reports showed that the...
