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 the revenue of the country, analysts have projected that the Central Bank of Nigeria (CBN) financing of government through ways...

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 to address the increase in price of raw materials occasioned by the ongoing war between Russia and Ukraine. The Premium Breadmakers...

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 quarter of 2022 amid rising security challenges that have continued to affect the fortunes of the sector. Data obtained from the...

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 prices has continued to dwindle as yield continued to skyrocket, hovering around 8.33 per cent and 13.76 per cent. A 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 is according to data obtained from the commission’s quarterly report on ‘Retiree life annuity’. It stated that, “The commission granted approval...

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 General of the Federation, Ahmed Idris, before a Federal Capital Territory (FCT) High Court. The EFCC had arrested Idris in May...