PIA will reduce revenue accruals to Federation Account – RMAFC
The implementation of the Petroleum Industry Act 2021 (PIA) is going to significantly reduce the revenue accruable to the Federation…
Outcry as CBN Raises Interest Rate Again
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday again raised the Monetary Policy Rate from 13…
Nigeria needs 5bn megawatts yearly to bridge electricity deficiency gap – NAEE
Nigeria would need to generate no less than five billion megawatts of electricity each year to address the chronic energy…
DMO raises N8.8bn from savings bond
The Debt Management Office (DMO) said, it raised N1.367 billion from the federal government Savings Bond auction held this month…
Senate Orders NIMASA DG’s Arrest over $9.30bn Loss
The Senate through its Panel on Public Accounts has ordered the arrest of the Director-General of the Nigerian Maritime and…
Nigeria’s inflation overshoots World Bank projection by 20%
Despite raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s…
Global agency upgrades Afreximbank’s rating to ‘A’
The Global Credit Rating (GCR) has announced the upgrade of African Export-Import Bank (Afreximbank) international scale long-term issuer rating from…
World Bank lists Nigeria among top 10 countries with worst inflation rate
The World Bank recently listed Nigeria among the top 10 countries in the world with the worst inflation rates based…
Nigeria’s inflation rate hits 5-year high at 18.60%
The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 18.60…
DMO defends FG’s ‘appetite’ for eurobonds
The Debt Management Office (DMO) has justified the federal government’s “appetite” for eurobonds. The agency, in a statement on Wednesday,…