Finance & Economy
-
Nigeria sells 1yr OMO bill at 21% in biggest signal of interest rate adjustment
Nigeria has given the clearest signal yet of its willingness to allow interest rates go up to match rising inflation…
Read More » -
Private Sector Credit Extension (PSCE) Increased by 45% YoY to N58.6trn in September 2023
The most recent data from the Central Bank of Nigeria (CBN) shows that private sector credit extension (PSCE) increased by…
Read More » -
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate
President Tinubu signs executive orders to boost FX liquidity Government plans local issuance of dollar denominated debt Nigeria is planning…
Read More » -
Does MRS Oil’s financial performance justify its share price rally?
MRS Oil Nigeria Plc, a petroleum and petroleum products company in the oil and gas sector, announced 45.9% revenue growth…
Read More » -
FG To Launch Road Map For Marine & Blue Economy Sector
The federal government said there are plans in motion to launch a road map for the Marine and Blue Economy…
Read More » -
Nigeria’s 2023 Budget Implementation Report, 2024 Budget and the Troubled State of Economic Assumptions
President Bola Tinubu’s plans to increase spending by a fifth in his first budget – a proposed spending plan that…
Read More » -
FAAC: FG, states and local government share N903.4 billion in September
The Federation Account Allocation Committee (FAAC) has shared a total of N903.4 billion in Federation Account Revenue for September 2023…
Read More » -
Tax Reforms: FG to Streamline Over 200 Taxes, Levies to About 10
The Presidential Committee on Tax Reforms and Fiscal Policy has recommended pruning of the long list of officially collectable taxes…
Read More » -
Central Banks Search for Lessons From the Great Inflation Outbreak
Policymakers likely to show some flexibility in return to 2% Quantitative easing better used for firefighting not stimulus After the…
Read More » -
Debt restructuring: FG’s borrowing from CBN falls to N4.36tn
The Federal Government’s debt to the Central Bank of Nigeria through the Ways and Means Advances fell to N4.36tn after…
Read More »