LCCI projects Nigeria’s debt stock hit N40tr, warns against borrowing abuse
The Lagos Chamber of Commerce and Industry (LCCI) has projected that Nigeria’s debt stock may hit N40 trillion by the…
FG overshoots debt servicing by N1.15tn in 11 months
The Federal Government exceeded its debt service allocation by N1.15tn for the period between January and November, 2021. A copy…
World Bank projects 2.5% growth for Nigeria’s economy in 2022
The World Bank has projected a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in…
Buhari approves establishment of Nigerian Diaspora Investment Trust Fund
President Muhammadu Buhari has approved the establishment of the Nigerian Diaspora Investment Trust Fund (NDITF), a private sector investment window…
FG pledges increased forex sale to manufacturers
The Federal Government has assured manufacturers of its support to enable them to get good returns on their investments. The…
Bank loans to govt rise by 23% in nine months, hit N2.1tn
Bank loans to government have risen by 22.59 per cent, hitting N2.17tn as of the end of September 2021 from…
Bitcoin Loses $4k as 207,527 Investors, Crypto Accounts Liquidated
Bitcoin, the flagship crypto currency lost about $4K in just a few hours after notes from the Fed’s December FOMC…
Senate probes BPE over $679m unremitted revenue from ports concession
The Senate has uncovered how the Bureau of Public Enterprise (BPE) failed to remit $679.4 million realized from the concession…
2022 Budget: FG introduces 6% tax on digital services, non-resident companies
The Federal Government yesterday said that henceforth it would charge offshore companies providing digital services to local customers in Nigeria…
New tax on carbonated drinks’ll worsen economy – MAN
The Federal Government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Excise…