FGN Bond: Tight Monetary Policy Threatens FG’s N720bn Borrowing Plan   The Federal Government’s plan to borrow about N720 billion through FGN bond auctions in the third quarter, Q3’22, has come under fresh threat following increasing investors’ appetite for higher yields triggered by the adoption of...

Aside N41trn Public Debt, FG Owes CBN $47bn - Report   The federal government has confirmed that the Central Bank of Nigeria (CBN) is being owed N20 trillion ($47 billion), which is yet to be added to the country’s outstanding public debt, according to a report...

Bank Borrowing From CBN Increases By 27% To N4.5trn   Amid a rising liquidity crunch, banks operating in Nigeria borrowed a whopping sum of N4.5tn from the Central Bank of Nigeria in July, an increase of 27 per cent Month-on-Month from N3.6tn borrowed in June 2022. Banks...

External Reserves Increased By $45.3m In July   Nigeria’s external reserves added $45.3million in July, according to movement in reserves data released by the Central Bank of Nigeria (CBN). The foreign exchange buffer as of July 28, 2022, moved to $39.22billion from $39.17billion it commenced the month...

FOREX: CBN Allays Fears of Nigerians   ABUJA – In the face of rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of succumbing to the speculative activities of some...

Foolery of CBN under Emefiele, by Ahmed Musa Hussaini   What Emefiele and his boss are doing to the naira is another form of banditry. It is nothing short of treason. Nigeria is bleeding both physically and financially. Granted that even major currencies globally are taking a...