World Bank Predicts More Hardship For Nigerians Over Rising Inflation, Power Cut, Fuel, Food Shortage
The World Bank has predicted more hardship of Nigerians and the citizens of Angola over the rising inflation, increased power outages as well as a shortage in fuel and food.
This...
Nigerian Insurance Sector Records 15.68% Growth In Q1, 2022
The Nigerian insurance sector grew by 15.68 per cent in the first quarter of the 2022 financial period, according to figures obtained from the National Bureau of Statistics (NBS) on the country’s Gross Domestic Product.
The statement...
Inflation May Worsen As FG’s Borrowing From CBN Hit N19trn
The Federal Government’s total borrowing from the Central Bank of Nigeria (CBN) through Ways and Means Advances rose from N17.46tn as of December 2021 to N19.01tn as of April 2022.
According to data from the CBN,...
NDIC Reiterates Commitment To Financial Stability
Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, said the corporation would continue to monitor the banking sector to address challenges it might be facing.
Hassan said this at a retreat for members of the Senate Committee on...
Rivers, 31 Others Attract Zero Foreign Investments In Q1, 2022 - NBS
Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022.
A report by the National Bureau of Statistics (NBS) shows that only Lagos, Oyo,...
FG Offers 9.2% Return For New Three-year Savings Bonds
The Federal Government has opened application list for the June tranches of its monthly retail bond issuance, otherwise known as Federal Government of Nigeria Savings Bond (FGNSB).
The Debt Management Office (DMO), which oversees government’s debt issuance...
