Osinbajo Warns Over the Dangers of Growing Forex Scarcity
Vice-President Yemi Osinbajo says that Nigeria cannot get new dollars into the system when the exchange rate is “artificially low.”…
Budget Deficit Rises to N20.64tn Under Buhari
Nigeria’s Budget deficit has risen to N20.64tn under President Muhammadu Buhari, according to analysed data from the budget office. The…
Bitmex CEO Says Five Countries Will Accept Bitcoin as Legal Tender by End of Next Year
The chief executive officer (CEO) of cryptocurrency exchange Bitmex has predicted that the end of next year, at least five…
FCI re-elects Afreximbank President to the Executive Committee
The President and Chairman of the Board of African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been re-elected to the…
Lagos, Akwa Ibom, Rivers account for 29% of subnational domestic debts – DMO
Lagos, Rivers and Akwa Ibom states emerged as the three most indebted states in Nigeria, accounting for 29 percent of…
FG spent $1.3bn on debt servicing in six months, says DMO
The Federal Government expended $1.302 billion on debt servicing in the first half of 2021 (January and June 2021). The…
FG will borrow to fund N6.25trn deficit in 2022 budget –Finance Minister
Zainab Ahmed, minister of finance, budget and national planning, says the Federal Government will borrow to finance N6.258 trillion deficit…
Nigerian fintechs receive $500m in five years, says Emefiele
Nigeria’s financial technology (fintech) firms attracted an investment of $500million between 2015 and 2020 owing to improvement in the ecosystem.…
Afreximbank’s FEDA partners Gateway to establish Africa Credit Opportunities Fund
African Export-Import Bank (Afreximbank) says that the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, has entered…
PIA adjustments raise 2022 budget to N16.4tr
President Muhammadu Buhari has raised the 2022 appropriation bill by N2.47 trillion, bringing the total budget for the fiscal year…