spot_img
spot_img
24.1 C
Lagos
Sunday, June 26, 2022
- Advertisement -spot_img

CATEGORY

Economy

CBN, InfraCo Sign Agreement with Asset Managers on N15trn Investments

The Central Bank of Nigeria, CBN and Infrastructure Corporation (InfraCo)  of Nigeria has concluded plans with four independent Asset managers on how to commence...

Gross Margin for Nigerian Companies to Compress on Red-hot Inflation

The gross margin of Nigerian companies will be squeezed by an unprecedented increase in input costs across the board led by global crude oil...

Nigeria’s Debt to GDP Ratio to Hit 30.50 percent by 2025

Nigeria’s debt to GDP ratio is expected to hit 30.50 percent at the end of 2025 from a current level of 19.10 percent if...

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...

Latest news

- Advertisement -spot_img