Stock Market Begins Week Positive, Gains N28bn   The market capitalisation of the Nigerian Exchange (NGX) yesterday rose by N28 billion amid sustained investors bargain hunting in 28 stocks. The NGX All-Share Index (ASI) increased by 42.71 basis points or 0.10 per...

IMF To Nigeria: Devalue Currency Further, Raise Interest Rates   The International Monetary Fund has advised emerging economies including Nigeria to allow their currencies to depreciate in response to tighter funding conditions and an imminent policy tightening by the Federal Reserve...

FG Says Discos’ Indebtedness Hits N326bn In Nine Months   The shortfall in remittances by power distributors to the Nigerian Bulk Electricity Trading Company Plc and the Market Operator of the sector rose to N326bn between January and September 2021, the...

Bank Loans To Govt Increase By 23% In Nine Months, Now N2.1trn   Bank loans to government have risen by 22.59 per cent, hitting N2.17tn as of the end of September 2021 from N1.77tn recorded in December 2020. This represents a N400bn...

2022 Budget: Buhari To Spend N1.6bn On New Vehicles For State House, by Kabir Abdulsalam   President Muhammadu Buhari has a plan to spend N1.6billion in the 2022 Budget on new vehicles for the Presidency. This is part of the Budget figures...

Can Doyin Salami, Buhari’s First-ever Economic Adviser, Fix it?, by Rahma Olamide Oladosu    Barely 17 months to the end of his tenure, President Muhammadu Buhari finally appointed an Economic Adviser. This is coming after years of facing criticism for failing...