Financial

PFAs Generate N266bn From Fixed Income Securities   The Pension Fund Administrators (PFAs) recorded N266.13bn gain from investment of pension funds in fixed-income securities in the...

Hike In Interest Rate Likely As MPC Meets Today   Ahead of the two-day Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN)...

Ahead of CBN's Deadline, Traders, Supermarkets, Others Begin to Reject Old Naira Notes Many supermarkets, eateries and petty traders have begun to reject the old...

In Five Years, Mining Cadastre Office Generates N14.59bn The Director-General of Nigeria Mining Cadastre Office, Obadiah Nkom, has revealed that the agency generated N14.59billion from...

At the launch of the e-Naira, a lot of Nigerians were not enthusiastic about the innovation as they were skeptical about its workability in the country.

Soludo Suspends Taxes for Heavy-Duty Loading in Anambra The Governor of Anambra State, Prof. Chukwuma Soludo, has suspended tax payments in the transport sector for...

DMO To Raise N1.2trn Via FGN Bonds In Q1, 2023   The Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through...

National Assembly To Approve N22.7trn Debt Restructuring Tuesday   The Senate President, Ahmad Lawan, has declared the Senate is ready to approve the N23.7tn debt restructuring...

Despite Liquidity Squeeze, CBN Raises N4.74trn From Treasury Bills   Despite liquidity squeeze in the economy, the Central Bank of Nigeria (CBN) raised a total of...

Inflation Falls Slightly, Production Costs Remain High - NBS The National Bureau of Statistics report has indicated that Nigeria’s headline inflation fell from 21.47 per...

Fed Govt Commences Minimum Wage Review   The National Salaries Incomes and Wages Commission says it has initiated process for the review of the National Minimum...

2023 FGN Budget Figures Unrealistic, Not In Agreement With Budget Objectives – Dr. Uba   Expenditure cuts on government consumption, transfers will ensure fiscal viability/consolidation than...

'Recession, Hyperinflation Likely In 2023'   The Lagos Chamber of Commerce and Industry (LCCI) has said that economic conditions across regional blocs show that a recession...

"Rising Inflation, Unemployment Will Persist"   A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial...

CBN Loans: Nigeria’s Debt Hit N77 Trillion - DMO Nigeria’s Debt Management Office (DMO) said that the next administration will inherit a public debt of...

Railway Debt Servicing Gulps N246bn   The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank...

EFCC Recovers N13bn Illegal Fuel Subsidy Payments   The Economic and Financial Crimes Commission (EFCC) recovered about N13bn as proceeds of illegal payments made under the...

N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari   President Muhammadu Buhari on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with...

2023 Budget: Buhari to Forward Borrowing Plan to NASS   President Muhammadu Buhari has said he will forward the comprehensive Borrowing Plan for 2023 to the...

JUST IN: Buhari Signs N21.83trn 2023 Budget into Law   President Muhammadu Buhari has signed the 2023 Budget of N21.83 trillion into law. The President who took...