Companies May Raise N1trn Corporate Debts In 2021       Commercial banks, international oil companies (IOCs), multinational companies, leaders in fast-moving consumer goods (fmcg) and financial technology (Fintech) firms may issue more than N1trillion corporate debts before year-end. Head, Research and Consulting, Agusto & Co, Prof. Jimi Ogbobine,...

‘Nigeria’s Debt Rose By N1trn Without Borrowing’       By devaluing the naira, Nigeria has added N1 trillion to her total debt without borrowing. The devaluation of the naira and an opaque revenue-generating strategy have contributed to make Nigeria’s debt unsustainable. Senior Economist with SPM Professionals, Dr. Paul Alaje,...

MDAs Failed To Remit N1trn Revenue - FRC     Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund, the Fiscal Responsibility Commission announced on Wednesday. It also announced that the FRC and the Independent Corrupt Practices and...

Road Concession: Fed Govt Expecting N1trn Private Sector Investments         The Federal Government is expecting over N1tn from the private sector for the development and maintenance of the 12 highways that it selected for concession under the Highway Development Management Initiative. It was gathered in Abuja on...

In Four Years, NPA Generates N1trn Revenue       The Nigerian Ports Authority (NPA) has generated a revenue of N1.02tn in the space of three years under the tenure of Managing Director, Hadiza Bala-Usman. This is according to a tweet posted by the authority via its official Twitter...

Stock Market Gains N1trn In Two Days       Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to over N1.07 trillion in two days of trading this week. The bears have continued to...