Category: Economy

Two million people’ll start receiving N20bn monthly from June -FG

Two million people will start receiving about N20bn from June this year as basic cash...

Rising govt debt caused by increasing budget deficit - DMO

The Debt Management Office has said that the reason for Nigeria’s rising government debt levels...

External reserves loses $313m as oil price fluctuates

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

Diesel: Telcos lament high operational cost, seek intervention

Telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators of Nigeria have...

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

The World Bank has stressed the need to boost labour output in Africa, stating that...

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

Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh...

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,...