I'll Clear Dollar Debts, Suspend Intervention Loans - Cardoso   The new Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has said he will prioritise clearing the apex bank’s backlog of unsettled foreign exchange obligations in the near term. He said this on Tuesday during...

FGN Bonds Fall 99.9% to 148bn in H2 The value of listed Federal Government of Nigeria, Bonds on the Nigerian Exchange Limited, NGX, in the 8 months ended August 31, 2023 declined drastically by 99.9% to N148 .2 billion from N1.6 trillion recorded in 2022. Meanwhile,...

SERAP Wants Tinubu to Probe Buhari, Others   The Socio-Economic Rights and Accountability Project has called on President Bola Tinubu to launch an investigation into allegations of missing and unaccounted-for funds totaling over $15bn oil revenues and N200bn budgeted for refinery repairs between 2020 and 2021. These...

In Q2, Nigerians Preferred Netherlands for Export   A trade report by the National Bureau of Statistics (NBS) has indicated that The Netherlands maintained its lead as the top export destination of Nigerian goods in the second quarter of 2023. The report titled: “Commodity Price Indices and...

$10bn Debt: CBN Fails to Meet up with Payment Schedule   Over two weeks after the Central Bank of Nigeria (CBN) promised to clear over $10bn foreign exchange debts owed Deposit Money Bank, the apex bank has yet to do so according to findings. This came as...

Public Debt May Rise To N90.5trn - Analysts   Analysts have predicted that public debt outstanding would likely close at N90.49 trillion (or 43.1 per cent of GDP) in 2023 against N46.25 trillion or 23.2 per cent of GDP recorded in the corresponding period in 2022. Specifically,...