Category: Economy

Capital importation suffers 30% decline, records $6.7bn

The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in...

Govt borrowings not necessarily bad -DMO

The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to...

Massive job cut looms as dollar hits N590

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

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

The domestic debts owed by state governments and the Federal Capital Territory Administration rose to...

Nigeria loses N150bn to fake battery products, says expert

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

FG incurs N950bn new domestic borrowing in Q1 2022 – DMO

THE Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11,...

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 the Debt Management...

Nigeria borrowed N6.64tn, serviced debt with N2.93tn in 2021 -DMO

THE Debt Management Office on Thursday said Nigeria’s total public debt stock increased to N39.56tn...

NUPENG cries out as cooking gas price rises again

The Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas...

Russia-Ukraine: Higher food prices may cause unrest in Nigeria -IMF

The International Monetary Fund has said higher food prices as a result of the Russia-Ukraine...

Fuel scarcity, others raised inflation rate to 15.7% in February –NBS

The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent...

Bakers threaten shutdown as diesel price soars

Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown...

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