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…
CBN to introduce USSD code for eNaira transactions
The Central Bank of Nigeria (CBN) has announced plans to introduce an unstructured supplementary service data (USSD) code to improve…
New Africa Consumer Report Gives Insights Into Economy
The State of African Consumer report just released by Kasi Insight has shown disparities among different generations on the continent’s…
FG’s borrowing from CBN hits N19 trillion
The Federal Government’s total borrowing from the Central Bank of Nigeria (CBN) through Ways and Means Advances rose from N17.46tn…