Financial

2023 Budget: Buhari to Forward Borrowing Plan to NASS   President Muhammadu Buhari has said he will forward the comprehensive Borrowing Plan for 2023 to the...

JUST IN: Buhari Signs N21.83trn 2023 Budget into Law   President Muhammadu Buhari has signed the 2023 Budget of N21.83 trillion into law. The President who took...

External Reserves Drop By $3.43bn In 2022   Nigeria’s external reserves dropped by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The...

FG Opens 2023 Borrowings With Two Savings Bonds   The Federal Government will today open application list for its first debt issuance in 2023 with the...

IMF Says One-third Of World Economy Will Enter Recession   The International Monetary Fund (IMF) has warned of an impending recession that will hit one-third of...

In Five Years, Presidential Panels Gulp N15bn   About N14.79bn was earmarked for presidential committees supervised by the Office of the Secretary to the Government of...

Banks Borrowed N11.01trn From CBN In 2022   Deposit Money Banks (DMBs) and Merchant Banks borrowing from the Central Bank of Nigeria (CBN) discount window known...

World Bank Says CBN Loan Repayments To Gulp 62% Of Revenue   The World Bank has projected that interest payments on the Federal Government’s borrowing from...

Household Food Imports Rise By 71% In Four Years   Food and beverage imports for households rose by 71.12 per cent between the third quarter of...

"Nigeria’s Corporate Tax Rate, Global Highest"   The Centre for the Promotion of Private Enterprises (CPPE) has called for the review of Nigeria’s tax laws, saying...

President Buhari to Sign 2023 Budget Tuesday - Lawan Lawan, who arrived at the State House few minutes before 3:00pm, said he discussed the President’s...

Immigration Generates N438bn From Passport Issuance, Others   The Nigeria Immigration Service (NIS) has generated N438.78bn as revenue from 2017 to date. This came as the total...

Credit To Private Sector Increases By N6.4trn In 11 Months   With banks increasing interventions in the real sectors, credit to private sector increased to N41.58...

"Naira Redesign, Flooding Affected Agric Sector In 2022"   The Nigeria Governors’ Forum has described the 2022 farming season as a serious nightmare for most farmers...

Fitch Predicts Slow Economic Growth For Nigeria In 2023   The Nigerian economy will continue to slump in 2023 due to activities leading to the general...

Presidential Panel Reviewing Workers’ Salaries - FG   The Federal Government has said it will soon announce salary increments for civil servants and public officials due...

World Bank to CBN: Review RT-200 FX Policy to Stabilise Economy The World Bank has requested the Central Bank of Nigeria to reconsider its RT-200...

Fed Govt Plans Tax Waiver Suspension For Rural Firms   The Federal Government has proposed suspension of tax relief and rebates being granted to companies established...

In 3 Years, FG Spends N5bn On Rehabilitation Of Police Stations The federal government on Thursday said it had spent N5 billion on the rehabilitation...

New Naira: Legislators Grill Mrs Aisha Ahmad Of CBN In The Absence Of Emefiele Who Is Abroad For Treatment   The Deputy Governor of the Central...