Debt servicing doubles, hits N896bn in three months – DMO report
Nigeria’s debt-servicing bill has increased by 109 per cent to N896.56bn, according to data obtained from the Debt Management Office. The PUNCH…
Economy
43% homeowners delayed improvements due to inflation – Report
Sixty per cent of homeowners, in a recent survey, said they were less comfortable making large purchases for their homes or households…
Inflation to push 15 million Nigerians into poverty –World Bank
The World Bank has said that inflation shock is projected to push about 15 million more Nigerians into poverty between 2020 and…
CBN’s intervention funds fuelling inflation, World Bank warns
The World Bank has said the Central Bank of Nigeria’s development finance intervention is fuelling inflation in the short term and weakening…
High inflation, fiscal deficit to persist in Nigeria -IMF
The International Monetary Fund has said that the rate of inflation in Nigeria is expected to remain elevated in 2022. According to…
High taxes weaken consumer spending, experts tell FG
Economists have warned that high tax burden on Nigerians will shrink consumer wallets and exacerbate an already high cost of living for…
Nigeria’s worsening insecurity worries IMF
The International Monetary Fund has expressed concern over the heightened level of insecurity in Nigeria, adding that it is one the factors…
Fuel subsidy affecting Nigeria’s debt serving – Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed had expressed worry over the continuous retention of the controversial fule…
FG gains N19.2bn from gold, others in Q1 – NBS
The National Bureau of Statistics had shown that the Federal Government had gained N19.2bn in the first quarter of 2022 from gold…
Nigeria’s debt hit $3.67bn, China imports rise by 183.91%
Nigeria’s imports from China rose by 183.91 percent from N530.98bn in the first quarter of 2018 to N1.51tn in Q1 2022. According…
Inflation, others threaten Buhari’s poverty reduction scheme –World Bank economists
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population growth, the COVID-19 pandemic, and the war…
Debt servicing draws Nigeria closer to Lebanon crisis
Nigeria is edging closer to a Lebanon financial crisis that has caused the country to see a high rate of poverty, inflation,…