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, 2022, the Debt Management Office has revealed.…
Economy
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 Office plans to borrow an additional N6.39tn…
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 in 2021 from N32.92tn in 2020. The…
NUPENG cries out as cooking gas price rises again
The Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday raised the alarm over…
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 war might cause unrest in Nigeria, other…
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 in January, latest figures from the National…
Bakers threaten shutdown as diesel price soars
Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown of operations, following steady and fast increases…
FG inaugurates 35-hectare Imo farm estate
THE Federal Government has inaugurated the rehabilitated 35-hectare Achara-Ubo Emekuku Integrated Farm Estate in Imo State, engaging about 1,000 farmers in the…
Investment commission pledges FDI support to improve Nigeria’s economy
The Nigerian Investment Promotion Commission said it would support Foreign Direct Investment as part of efforts to improve the country’s economy. Acting…