CPPE: Nigeria’s Total Debt Could hit N50tn The Centre for the Promotion of Private Enterprise estimates that Nigeria's debt, including that of Asset Management Corporation of Nigeria and borrowings from the Central Bank of Nigeria, could reach N50 trillion within a short time. The Chief Executive...

Nigeria, Other African Countries To Be Affected By Russian, Ukraine crisis Fintech Solutions, an online financial institute says Nigeria and sub-Sahara Africa aountries will be affected by the Russian and Ukraine crisis which will have a significant effect on the Gross Domestic Product (GDP). According to...

IMF Cautions Nigeria On Volatile Capital Flows The International Monetary Fund (IMF) warns that countries with large external loans may be vulnerable to financial crises and recessions if capital flows out. In December 2021, Nigeria had an external debt stock of $38.39 billion. The federal...

Nigeria Foreign Airlines’ Trap Funds International Air Transport Association (IATA) statistics show that the total amount of foreign airlines' funds trapped in Nigeria has doubled from $147 million (N61 billion) in August 2021 to $283 million (about N117.6 billion) as at now. In line with the...

Imo seeks partnership with FG, investors on gas exploration The Imo State Governor, Hope Uzodiinma, says the state is ready to work with the federal government and other investors to explore gas resources. Uzodimma said the sector would increase youth employment in the state and enhance...

FG Finally Takes Action Against Online Loan Apps -FCCPC The federal government of Nigeria has finally taken steps to crackdown online loan apps parading as lenders in Nigeria. The federal government says online loan companies have caused a lot of damages in the country through invasion...