Rising Debt Service Cost Weighing On FG’s Revenue – PwC       The increasing cost of servicing debt continues to weigh on the Federal Government’s revenue profile, a PwC report has said. This report was titled ‘Nigeria Economic Alert: Assessing the 2021 FGN Budget.’ According to the report, the...

Stocks Extend Decline As 17 Firms Record Losses       The Nigerian stock market extended its decline on Monday as 17 companies saw their share prices decline at the end of trading. Investors in the market lost N600bn last week as the market capitalisation of equities fell below...

Stock Market Declines As 14 Firms Record Losses       The stock market closed on a negative note on Monday as 14 companies saw their share prices decline at the end of trading on the Nigerian Exchange Limited. The NGX All-Share Index fell by 0.44 per cent to...

Fed Govt To Auction N150bn Bonds In May       The Debt Management Office on Tuesday disclosed that the Federal Government would offer N150bn bonds for subscription in May. A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50bn...

Fed Govt Offers May Savings Bonds For Subscription       The Federal Government has, through the Debt Management Office, opened the May savings bond offer to investors. The DMO announced on Monday on its website the two-year and three-year savings bonds offer for subscription. According to the debt office,...

FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank       The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said. According to the global financial institution, this amount could further increase if...