Financial

IFC Approves $35m For Food Security In Africa   The International Finance Corporation (IFC) is offering a $35 million financing package to Jubaili Agrotec, a Nigeria-based...

CBN Funding to Hit N23.2trn as Debt Servicing Outpaces Revenue With the amount spent on debt servicing in the first four months of 2022 outweighing...

Inflation: Bakers to Increase Price of Bread by 20% The price of bread is expected to rise by 20 with the bakers divided on how...

Agric Imports Exceed Exports By N443.35bn In Q1, 2022   The value of agricultural goods imported into the country exceeded exports by N443.35bn in the first...

Yield On Nigeria’s Eurobond Prices Hit 13.76% High   Data by the Debt Management Office (DMO) has revealed that yield on the 13 tracked Nigeria's Eurobond...

PenCom Okays N13.21bn For Annuity Retirees The National Pension Commission has approved N13.21bn lump sum payments to annuity retirees in the first quarter of 2022. This...

N109bn Fraud: EFCC Set to Arraign ex-Accountant General of the Federation The Economic and Financial Crimes Commission (EFCC) is set to arraign the former Accountant...

JUST IN: Finally, Nigeria's Debt Servicing Surpasses Revenue by N310bn The cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in...

JUST IN: Despite Uncertainties, FG to Spend N6.72trn on Fuel Subsidy in 2023 By Ozumi Abdul The Federal Government has concluded plans of making provision for...

Naira Falls Again to N645 Per Dollar The Nigerian currency has sunk to a new low, exchanging for N645 against the U.S. dollar in the...

Electricity: Senate Passes Bill To Boost Power Distribution   The Senate, on Wednesday, passed the Electricity Bill 2022. The bill’s passage was sequel to the consideration...

AfDB Board Okays Over $1bn For Emergency Food Production Plan   The African Development Bank (AfDB) Group’s Board of Directors has approved 24, fast-track programmes to...

$10bn Spent Annually On Education, Medical Tourism - Emefiele   The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually...

CBN Raises Interest Rate to 14% as Inflation Hits 18.6% The Monetary Policy Committee of the Central Bank of Nigeria has increase the benchmark interest...

EFCC, NASS, MDAs Fail To Remit Taxes - Oyedele The Fiscal Policy Partner and Africa Tax Leader at PwC, Taiwo Oyedele, has revealed that Ministries,...

PenCom Says Under-40 Workers In Contributory Pensions Now At 86%   Workers below 40 years under the Contributory Pension Scheme rose from 73 per cent at...

Audit Query: Senate Orders NIMASA DG’s Arrest Over $9.305bn Loss   The Senate through its Panel on Public Accounts has ordered the arrest of the Director-General...

CBN’s MPC Begins Two-day Economic Meeting Today   The Central Bank of Nigeria’s Monetary Policy Committee will begin its two-day bi-monthly meeting on Monday (today). This came...

Nigeria’s Inflation Exceeds World Bank Projection By 20%   Despite raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above...

Fact-check: Is it true that between 2010- 2018, Ekiti State Ran on a Christian – Christian ticket?  Claim: There is a post circulating on social...