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Economy
New Naira: Zulum Orders Emergency Microfinance Banks As 25 of Borno’s 27 LGAs Lack Banking services
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By Abdulwaheed Olayinka Adubi, Kaduna
Borno State Governor, Babagana Umara Zulum, has directed the State Ministry of Finance and that of Higher Education, Science, Technology...
Central Bank Nigeria Raises Interest Rate To 17.5%
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The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5 percent to 17.5 percent to...
Investments Shrinking Share of Nigeria’s GDP Helps Explain Low Growth
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Nigeria's shrinking size of private investments in recent times has impacted on the trend GDP growth rate, pushing it much lower over the past...
FIRS Crosses N10 trillion Mark in Revenue Collection
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The Federal Inland Revenue Service, FIRS, on Monday said it collected over N10 trillion in tax revenue in 2022, which is the highest tax...
N23.70 trn Ways and Means Loans to Drain Liquidity in Financial System
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The plans by the Federal Government to move the Ways and Means loans into the financial system will drain liquidity as the outstanding value...
Buhari Restructures Ministry of Finance Investment Vehicle, Appoints New CEO
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By Abdulwaheed Olayinka Adubi
President Muhammadu Buhari has restructured the Ministry of Finance Incorporated (MOFI) with the constitution of a new board and executive management...
Nigeria Could Tap International Debt Market as U.S Inflation Cools
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The gradual cooling of inflation in the United State that is fueling expectations Fed is about to rein in on aggressive cycle of hikes...
FEC Approves NNPC Ltd’s Move To Invest ₦‎1.9 Trillion In 44 Roads
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The Federal Executive Council (FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest N1.9 trillion in the reconstruction…
The...
CBN to Banks: Collect New Naira Notes or Face Sanction
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The Central Bank Governor, Mr Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up...
Nigeria’s Central Bank Dollar Reserves Hit 1-month High of $37.2 billion
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Dollar reserves of the Central Bank of Nigeria (CBN), have been rising in the past month hitting a high of $37.2 billion.
This is a...