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...

In Three Months, FAAC Allocation Drops To N2.1trn   The Federation Account Allocation Committee allocation to the federal, state and local governments declined to 2.18tn between January to March 2022. Data collated from different reports of the National Bureau of Statistics showed that in January 2022, the...

Foreign Investments Into Nigeria Declines By $6.91bn — NBS   The National Bureau of Statistics, NBS, has said foreign investments into Nigeria had declined by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57billion in the corresponding quarter of 2022. The bureau...

Inflation, Forex, Debt Killing Economy - LCCI   The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing debt burden, inflationary pressure as well as the worsening foreign exchange crisis in order to save...

Finance Act, Economy Recoveries Increased Company Income Tax By 35.6%   Revenue generated from Company Income Tax (CIT) has continued an uptrend, rising by 35.6 per cent Year-on-Year (Y/Y) to N532.48 billion in the first quarter ended March 2022 (Q1’22) from N392.7 billion in the corresponding...

DMO Lists N250bn Sukuk On NGX   The Debt Management Office on Tuesday listed the N250bn, 10-year 13 per cent Ijarah Sovereign Sukuk due 2031 on Nigerian Exchange Limited and FMDQ Securities Exchange. The Ijarah Sovereign Sukuk was successfully listed on NGX, having fulfilled the conditions set...