FGN Bonds Yield Inches Higher to 12.71%
Federal Government of Nigeria (FGN) bonds experience selloffs in the secondary market, pushing the average yield to 12.71% ahead of a large borrowing plan for the fiscal year...
Improved revenue, prioritising expenditure will reduce govt borrowings – DMO
The Debt Management Office (DMO) says government can reduce its dependence on borrowings to finance budget deficits by improving its revenue drive and prioritising expenditure.
LASG disburses N1.56bn as grants to 3,673 businesses
The Lagos State Government through the state Employment Trust Fund, says it has supported 3,673 businesses with the sum of N1.56 billion as grants.
Nigerian bourse drops N15bn in bearish trading
The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day.
For third consecutive time, CBN hikes Monetary Policy Rate to 15.5%
The Monetary Policy Committee (MPC) of the CBN increased Monetary Policy Rate (MPR) from 14 per cent to 15.5 per cent on Tuesday to tame inflation.
Experts project rates hike as CBN holds MPC meeting
As the Central Bank of Nigeria (CBN) holds its Monetary Policy Committee (MPC) meeting on Monday, some stakeholders project a hike in policy rates.
President Buhari, AfDB president woo global investors
President Muhammadu Buhari and the African Development Bank (AfDB) Group President, Dr Akinwumi Adesina have urged global businesses and leaders to boldly invest in Nigeria.
Nigeria Exports $1.69bn Crude Oil, Petroleum Product to US
President Muhammadu Buhari has described the United States as Nigeria’s main trading partner and one of ‘‘our most important diplomatic partners.’’ This, he said, underscored the need for concerted efforts to increase the volume of bilateral trade, saying Nigeria exports $1.69 billion in crude export to the United States.
AfDB, Islamic Bank, others invest $618m in digital, creative programme in Nigeria
The African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are investing 618 million dollars in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria.
Nigeria records over $1.69bn exports to US in 2020 as Buhari seeks increase in...
President Muhammadu Buhari has described the United States as Nigeria’s main trading partner and one of ‘‘our most important diplomatic partners.’’