Finance
Nigeria has failed to properly utilise borrowed funds – Minister
Nigeria is not properly utilising donor funds to deliver planned projects for sustained growth and national development, Minister of Finance,...
FAAC: FG, states, LGs share N574.6bn for January
The federal allocation for January 2022 shared among the three ties of government has been put at N574.66 billion. This...
IMF: Naira loses 10.6% of its value annually since 1973
The Nigerian currency, Naira, has lost at least 10.6 percent of its value annually since 1973, the International Monetary Fund...
CBN is restructuring economy to stop dependence on oil money – Emefiele
The various programmes being implemented by the Central Bank of Nigeria CBN are targeted at empowering youth and restructuring Nigerian...
Using eNaira for cross-border transfers may boost money laundering – IMF
The International Monetary Fund (IMF) has said the expansion of eNaira for cross-border transfers and agency banking may boost money-laundering/financing...
Currency in circulation rose by N418bn in 2021 – CBN
The Central Bank of Nigeria (CBN) has said the currency in circulation rose by N418 billion to N3.33 trillion as...
NBS: Nigeria’s GDP grew by 3.4% in 2021
Nigeria’s Gross Domestic Product recorded 3.98 percent growth in the fourth quarter of 2021. This is the strongest growth since...
World Bank official warns countries against excessive borrowing
Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20, a...
Nigeria’s inflation rate drops to 15.60% – NBS
The Consumer Price Index (CPI) rose 5.60 percent year-on-year in January 2022, according to data released by National Bureau of...
FG pays N2.03trn interest on loans to CBN
The Federal Government has paid N2.03 trillion interest on loans it received from the Central Bank of Nigeria from January...