Why Fed Govt Will Continue Borrowing – Lawan   The Senate President, Ahmad Lawan, has said that until revenue-generating agencies lived up to expectations, the federal government would continue borrowing to fund infrastructure. Lawan gave the hint on Tuesday in an address delivered at the start of...

Finance, Insurance Firms Boost Services Sector Growth – CBN   The services sector recorded slight growth in the third quarter of 2021, buoyed by the improved performances of the finance and insurance sectors, according to the Central Bank of Nigeria. The CBN, in its 2021 third-quarter economic...

Gencos Record N304bn Payment Shortfall In Nine Months   A Chinese company, Chinese Civil Engineering Construction Corporation, has handled the majority of railway projects in Nigeria worth over $25.51bn (N10.5tn)s, according to the United States-based Fitch Solutions’ latest report on Nigeria railway system. The report, titled ‘Nigeria...

FG’s 2022 Target Shaky As Inflation Rises To 15.63%   The National Bureau of Statistics disclosed on Monday that Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021. Earlier data from the NBS showed that headline inflation had maintained a consecutive decline for a...

Inflation Rate Rises By 15.63%, After Eight Months Of Decline   The National Bureau of Statistics (NBS) has said for the first time in the last eight months, inflation rate rose to 15.63% in December 2021 from 15.40% in November. It increased by 1.82%, according to its...

Nigeria’s Debt Stock Hits N39.6trn In 11 months   The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that...