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FG Incurred N16.48trn Fresh Debt In Five Years – NDMF

FG Incurred N16.48trn Fresh Debt In Five Years - NDMF   The Federal Government piled up at least N16.48tn new borrowings between 2018 and 2022. This was disclosed in the National Debt Management Framework (NDMF) 2023 -2027 published on the website of the Debt Management Office (DMO). A...

Pressure On Banks Over Consumer Loans Money Market

Pressure On Banks Over Consumer Loans Money Market         A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted...

Global Mobile Money Market Increased By 25% In 2017

Global Mobile Money Market Increased By 25% In 2017   The seventh annual state of the industry report on mobile money that was released recently by GSMA, shows that at the end of 2017, the global use of mobile money increased by 25 per cent to...