Govs Fret As CBN Insists Budget Support Repayment Starts May       State governors again on Thursday requested that the repayment of their loans, especially the budget support, which ought to start this month be deferred. But the Governor of the Central Bank of Nigeria, Godwin Emefiele, emphasised...

BoI’s Assets hit N1.8trn       Bank of Industry’s (BoI’s) total assets grew to N1.86 trillion during the 2020 financial year, despite the negative impacts of the COVID-19 pandemic on global economies. BoI’s Chairman, Aliyu Dikko, who made this known at its 61st Annual General Meeting , in...

Firms Borrowed N258.59bn From Bond Market Amid COVID-19 – SEC       More companies tapped the Nigerian bond market in 2020 amid the COVID-19 pandemic as they raised a total of N258.59bn, the highest on record, according to data from the Securities and Exchange Commission. The SEC data...

CISLAC Ask Questions Of Presidency Framework To Sort Debt Profile, by Ezekiel O. Kayode     A concerned civil group, CISLAC, called on the Federal Government and the House on Wednesday to address the accountability crisis that has emerged from an unceasing procurement of loans. The Civil Society...

W/Bank To Invest $150bn In Africa       The President of World Bank Group, David Malpass, has said that the bank plans to invest $150 billion in Africa within the next five years towards promoting development on the continent. Malpass disclosed this on Tuesday at the Summit on...

Nigerian National Debt + COVID-19: More of an Accountability Crisis Than a Health Issue     The Public Finance integrity in Nigeria is probably at its lowest state. The debt profile has defiled all economic prudence frameworks that exist in the laws. Hardly do we pass any week...