HomeFinancial

Financial

Fed Govt Incurs N950bn New Domestic Borrowing In Q1, 2022

Fed Govt Incurs N950bn New Domestic Borrowing In Q1, 2022 The Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office has revealed. The fresh borrowing was disclosed on March 17 in the presentation of the Public...

‘Nigeria Loses N150bn To Fake Battery Products’

'Nigeria Loses N150bn To Fake Battery Products'   The Chief Executive Officer, Emilinks Nigeria Limited, Mr Solomon Nwadiogbu, has said Nigeria loses about N150bn every year to fake battery products. Nwadiogbu disclosed this during a press briefing. He added that fake battery products often cause damage to...

N42bn Fraud: Obiano Granted Bail, Yet to Fulfill Conditions – EFCC Boss

Obiano Granted Bail, Yet to Fulfill Conditions - EFCC Boss By Abdulrahman Abdulraheem The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Monday said the Commission has granted former Governor of Anambra State, Willie Obiano, bail. He however added that the EFCC is...

You have a N1.1bn Case to Answer, ICPC Tells Former Customs Boss, Inde Dikko’s Accomplice

You have a N1.1bn Case to Answer, ICPC Tells Former Customs Boss, Inde Dikko's Accomplice By Abdulrahman Abdulraheem The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has told Barrister Umar Hussaini, a private solicitor and friend to the late Comptroller General of Nigeria...

Nigeria’s Public Debt Set to Peak at N45tn in 2022

Nigeria’s Public Debt Set to Peak at N45tn in 2022 The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow additional N6.39 trillion to finance the 2022 budget deficit. This is according to a DMO...

ECOWAS Donates $1m to Assist Nigeria’s Vulnerable Families

ECOWAS Donates $1m to Assist Nigeria’s Vulnerable Families Nigeria has been given one million dollars by the Economic Community of West African States (ECOWAS) to boost food and nutrition needs in Katsina, Zamfara and Borno States. This is contained in a joint statement by the Ministry...