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Thursday, May 26, 2022
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CATEGORY

Economy

IMF Warns Sanctions Against Russia to Weaken Dominance of Dollar

The recent financial sanctions imposed on Russia for its invasion of Ukraine are threatening to weaken the dominance of the U.S. petrodollar as the...

Nigeria Companies Cut Spending Amid Surging Production Costs

Nigeria’s largest companies are still stalling capital expenditure, with no incentives to invest in new plants in a country beset by foreign exchange crisis...

Fg to States: Remove Right of Way Barriers to Expand National Power Grid

The Federal Government wants affected States to remove Right of Way barriers in order to fast-track the expansion and strengthening of the National power...

Nigeria Week Ahead: CBN Sticks to Script, Nato Summit in Focus

Central banks across the globe have waged war against soaring inflation. The Federal Reserve raised interest rates for the first time since 2018 last week,...

Sanctions Bite Hard on Russian Economy as Cost of Living Up by 14%

The UK, US and the European Union sanctions on Russia is beginning to hurt the Russian economy with the cost of living rising above...

FAAC: FG, States, LGAs share N590.546 bn in February

The Federation Accounts Allocation Committee (FAAC) has shared N590.546 billion February 2022  Federation Account Revenue to the Federal Government, 36 States and the Federal...

Nigeria’s MPC Rates on Hold Amid High Inflation

In line with expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria at the end of today’s meeting elected by a...

Nigeria Raises $1.25bn through Eurobonds as Public Debt Hits N41.026trn

Nigeria has issued $1.250 (N520 billion) billion seven-year Eurobond in the International Capital Market (ICM), being the first African country to access the ICM...

Nigeria inflation rises to 15.7%…what next?

While central banks across the globe are tightening monetary policy in the face of rising inflation, the Central Bank of Nigeria is likely to...

Nigeria to raise $2.2bn from Eurobond fund to pay fuel subsidy, says Finance Minister

Finance Minister, Minister Zainab Ahmed, on Tuesday, disclosed that the Nigerian government plans to raise $2.2 billion this month from the money raised in...

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