Finance
CBN spends $7.6bn in five months to stabilize naira
A whopping $7.6 billion has been injected by the Central Bank of Nigeria (CBN) into the economy to stabilise the...
AfDB issues €1.25 bn benchmark social bond due Sept. 2029
The African Development Bank (AfDB) has launched and priced a new 1.25 billion euros seven-year Global Benchmark transaction, in a...
World Bank gives Nigeria $700m for climate finance
The World Bank says Nigeria has received $700 million from the $31.7 billion disbursed as climate financing in the 2022...
DMO offers two new FGN savings bonds at N,1000 per unit
The Debt Management Office (DMO), on Monday, announced two new Federal Government of Nigeria (FGN) savings bonds offered at N1,000...
VAT for Q2 stood at N600bn — NBS
The National Bureau of Statistics (NBS) has said the Value Added Tax (VAT) collected during the second quarter of 2022...
Why Nigeria can’t stop borrowing – DMO
The Director-General of the Debt Management Office (DMO), Patience Oniha, has said that until the issues of personnel, overhead and...
Fidelity Bank to acquire Union Bank
Fidelity Bank has concluded plans to take over 100 percent shares of Union Bank. In a statement signed by the...
REVEALED: FG plans N19.76trn budget for 2023 with N11.3trn deficit
The Federal Government is planning to spend N19.76 trillion in 2023, the Minister of Finance, Budget and National Planning, Zainab...
CBN leading economic diversification – Emefiele
The Central Bank of Nigeria (CBN) says it is leading the drive towards diversifying the nation’s economy away from oil...
Nigeria’s economy grows 3.4% in Q2 2022
The National Bureau of Statistics (NBS) has said Nigeria’s gross domestic product (GDP) grew by 3.54 percent year-on-year in real...