CBN Loans: Nigeria’s Debt Hit N77 Trillion - DMO Nigeria’s Debt Management Office (DMO) said that the next administration will inherit a public debt of N77 trillion if the N23 trillion loans from the Central Bank of Nigeria (CBN) are securitised. The Director-General of the DMO,...

BUA, Others Set To Push Manufacturing Output To N7tn New factories built by BUA Cement and African Glass Limited as well as five new paper mills that recycles wastepaper into carton drove up manufacturing output in Nigeria in the second half of last year, industry...

NNPC, FIRS, 2 Others Generate Over N28trn in 3yrs The Federal government of Nigeria between 2017 and 2019 received a credit alert of N28.02 trillion from four agencies. The revenue earned was disclosed by the Nigeria Extractive Industries Transparency Initiative (NEITI) in its Fiscal Allocation and...

Again, Nigerian Stock Investors Lose N120bn Trading activities on the Nigerian stock market yesterday declined by N120 billion to close negative extending the previous day’s losses. The All-Share Index decreased by 222.65 absolute points, representing a dip of 0.48 per cent to close at 46,543.51 points....

FG To Finance 2022 Budget Deficit With New Borrowing  President Muhammadu Buhari has written to the House of Representatives seeking an increase in the 2022 budget deficit to be financed through borrowing from the domestic market. According to our correspondent, Buhari said this in a letter...

'Nigeria To End 2022 With N12.6trn Deficit'   The Group Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has projected that Nigeria may end 2022 with N12.6trillion deficit He noted that with narrow expectation of revenue generation, the federal government’s projection of increasing revue in 2022...