Nigeria’s Debt Servicing Doubles, Hits N896bn in Three Months – DMO
The ballooning status of Nigeria’s debt servicing bill has increased by 109 per cent to N896.56bn. As a result, the…
FG generates N588.6bn VAT in Q1’22 – NBS
The National Bureau of Statistics(NBS) said the Federal Government generated N588.6 billion as Value Added Tax (VAT) in the first…
FX challenges beyond monetary policy interventions – CBN
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says monetary policy interventions alone cannot totally address the…
CBN has paid over N3.5bn as rebates to eligible non-oil exporters –Emefiele
The Central Bank of Nigeria (CBN) says it has paid over N3.5 billion as rebates to eligible non-oil exporters. Godwin…
CBN asks NPA, Customs to create dedicated route for non-oil exports
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has asked the Nigeria Ports Authority (NPA) and the Nigeria…
High inflation, fiscal deficit to persist in Nigeria, says IMF
The International Monetary Fund (IMF) has said that the rate of inflation in Nigeria is expected to remain elevated in…
Nigeria’s inflation rate reaches 11-month high, hits 17.71%
The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 17.71…
FG’s borrowing to pay salaries evidence of dire financial crisis — Accountant General
The acting Accountant General of the Federation (AGF), Mr Chukwunyere Anamekwe, has described as worrisome the high level of borrowing…
Nigeria may lose N5tr from petrol subsidy in 2022, says World Bank
The World Bank has warned that Nigeria could lose around N5trillion in the year from subsidising petrol. The World Bank,…
Fuel subsidy is hurting FG’s ability to meet debt service obligations – Zainab Ahmed
Zainab Ahmed, Minister of Finance, Budget and National Planning, says petrol subsidy is “hurting the nation” and limiting the Federal…