Nigeria Among Top 10 Countries With Worst Inflation Rate - W/Bank The World Bank recently listed Nigeria among the top 10 countries in the world with the worst inflation rates based on 2021 figures. Nigeria ranks eighth on the list, with an annual inflation rate of...

Equity Market Opens Negatively, Investors Lose N90bn After two days of public holiday, the equity market opened this week's trading session with bearish sentiments, losing N90 billion or 0.32 percent. The NGX All Share Index and the Market Capitalization both closed in the negative by 0.32%...

CBN Loans Banks N595.34bn in Two Months   The Central Bank of Nigeria monthly economic report has revealed that banks borrowed N595.34bn from the CBN between January and February. The report showed that while N333.59bn was borrowed through the Standing Lending Facility in January, the amount reduced...

Senate Probe Health Ministry On Alleged N5.7bn Donor Funds Mismanagement   The Senate Public Account Committee has summoned senior management staff of the Ministry of Health to appear before it in order to explain how they managed the N5.7 billion grant from an international donor agency. Our...

VAIDS: FIRS, JTB Commence Enforcement On Defaulters   Following the expiration of the amnesty by the Voluntary Assets and Income Declaration Scheme (VAIDS), the Joint Tax Board (JTB), in collaboration with the Federal Inland Revenue Service (FIRS), would commence a “full scale Enforcement Exercise” on defaulting...

Nigeria’s $15.9bn Eurobonds Debts, MPC Worries Over Rising Figures The Monetary Policy Committee members of the Central Bank of Nigeria (CBN) have expressed concerns about the country's ability to service and repay its external and local debts due to the growing level of Nigeria's debt According...