Economy

Latest Economy News

Rising govt debt caused by increasing budget deficit - DMO

The Debt Management Office has said that the reason for Nigeria’s rising

Agency Report Agency Report

External reserves loses $313m as oil price fluctuates

NIGERIA’S external reserves fell by $313m in March, according to figures obtained

Agency Report Agency Report

Diesel: Telcos lament high operational cost, seek intervention

Telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators

Agency Report Agency Report

Sluggish growth affecting Nigeria, other African countries – W’Bank

The World Bank has stressed the need to boost labour output in

Agency Report Agency Report

Bread prices may go up, bakers blame forex, energy crises

Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have

Agency Report Agency Report

Capital importation suffers 30% decline, records $6.7bn

The value of capital importation into Nigeria fell by 30.78 per cent

Agency Report Agency Report

Govt borrowings not necessarily bad -DMO

The Director-General of the Debt Management Office, Patience Oniha, has said borrowings

Agency Report Agency Report

Massive job cut looms as dollar hits N590

The lingering foreign exchange scarcity in the country has continued to worsen

Agency Report Agency Report

Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021

The domestic debts owed by state governments and the Federal Capital Territory

Agency Report Agency Report

Nigeria loses N150bn to fake battery products, says expert

The Chief Executive Officer, Emilinks Nigeria Limited, Mr Solomon Nwadiogbu, has said

Agency Report Agency Report

FG incurs N950bn new domestic borrowing in Q1 2022 – DMO

THE Federal Government has incurred N950bn new domestic borrowing between January 2022

Agency Report Agency Report

Nigeria’s debt set to peak at N45tn in 2022, says DMO report

The total debt stock of Nigeria is likely to reach N45tn as

Agency Report Agency Report