FG Raises N984.28bn Via Bonds In 4 Months, Amid 2022 Budget Deficit   Following the drive to raise local funds to finance the N6.26 trillion 2022 budget deficit, the federal government has borrowed a total of N984.28 billion through FGN bonds between January and April 2022,...

SEC Pegs Amount To Be Raised From Digital Currency Offers At N10bn   The Securities and Exchange Commission (SEC) has pegged the maximum amount to be raised from Digital Assets Offering within 12 months at N10 billion. The limit is contained in the Commission’s New Rules on...

World Bank Says Commodity Prices’ll Remain High In Nigeria, Others   The World Bank has said that the war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high...

Nigeria Spends 86% Of Revenue On Debt Servicing   Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South Africa spent only 20 per cent of its receipts on the same purpose. According to the International Monetary Fund’s 2021 Article IV estimates,...

CBN: When Investing In Africa, Investors Should Suffer From FOMO  The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says investors should suffer from Fear of missing out (FOMO) when considering investing in Africa. Emefiele, represented by his Deputy and Board Chairman of AFC,...

SHOCKING: President Jonathan Asked me to Divert N2bn Ecological Funds into Reelection Campaign – Babangida Aliyu The Economic and Financial Crimes Commission (EFCC) has revealed how former governor of Niger state, Babangida Aliyu, confessed the circumstances surrounding the diversion of 2 billion naira Ecological Funds...