Nigeria Targets $40bn Investments In Digital Infrastructure   The Federal Government is targeting $40billion private capital investments in digital infrastructure and facilitating the formation of up to $1 billion in private equity. The government estimates public investment of N150billion, according to National Development Plan 2021-2025 obtained by...

NBET Pays N42bn To GenCos For November Power Supply   The Nigerian Bulk Electricity Trading Plc said yesterday it remitted N42 billion to power generation companies, GENCOs, for electricity supplied to the national grid in November, 2021. The bulk trader in a statement in Abuja, explained that...

IMF Raises Nigeria’s 2023 Economic Growth Forecast To 2.7%   The International Monetary Fund, IMF, has raised its forecast for Nigeria’s Gross Domestic Product, GDP, growth in 2023 to 2.7 per cent. The new forecast was contained in the IMF’s January World Economic Outlook, WEO, report released...

Fed Govt’s Local Currency Debts To Hit N44trn In 2022   A report by Agusto & Co. Limited has estimated that the Federal Government’s local currency debts will rise to N44tn in 2022. This was disclosed in a report, titled ‘Nigeria in 2022’, on the economic outlook...

Rice, Beans, Tomato Jerked Up December’s Inflation   The eight-month reduction in Nigeria’s inflation was broken in December following a 0.23 percentage point increase as a result of the movement in the prices of mainly rice, bean and tomato. Economic Confidential had reported that the 15.63 inflation...

Federal Workers’ Pensions, Gratuities Gulp N208bn   The Federal Government has spent N208.21bn on payment of pension and gratuity arrears in seven months, a new Central Bank of Nigeria report has revealed. The CBN’s statistical record on the Federal Government’s monthly finances showed that the amount was...