FG’s Borrowing From Local Investors Rises By 21% In H1, 2022   The Federal Government borrowed N4.2 trillion from local investors in the first half of the year (H1’22), representing 21 per cent, year-on-year YoY, increase from N3.89 trillion borrowed in the first half of 2021...

World Bank Says Fuel shortage, Inflation’ll Weaken Nigeria’s Economic Growth   The World Bank has said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria. It said this in the June 2022 edition of its Global Economic Prospects report. The financial institution had projected...

TETFund: N185bn Spent On Training 35,000 Nigerian Scholars A total of N185 billion has been expended on the training of 35,000 Nigerian scholars by the Tertiary Education Trust Fund, TETFund. The scholars drawn from public tertiary institutions across the country, were trained by TETFund under...

All-commodity Terms Of Trade Drops By 0.14% in Q1, 2022   The National Bureau of Statistics (NBS) said that the All-commodity Terms of Trade (TOT) index fell by 0.14 per cent in the first quarter of 2022 (Q1 ’22). This represents a 0.11 percentage point quarter-on-quarter (QoQ)...

Report Says Nigeria’s Budget Transparency Increased By 45%   The transparency level of the federal government’s budget has moved upwards to 45 per cent, a report from the 2021 Open Budget Survey (OBS) has shown. The report, which was unveiled in Abuja on Tuesday was undertaken by...

States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank   The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level increases budgetary pressures for the...