Finance
CBN holds interest rate at 11.5%, says inflation will drop in 2022
The Central Bank of Nigeria (CBN) on Tuesday said inflation will drop in 2022 as it retained interest rate at...
Report: FG’s domestic currency debts will rise to N44trn in 2022
The Federal Government’s domestic currency debts will rise to N44 trillion in 2022, a new report has revealed. The report,...
DMO says FG’s January bonds oversubscribed by N175billion
The Debt Management Office (DMO) has said the Federal Government’s bonds for January worth N150bn, which were auctioned on January...
CBN: How Nigeria’s forex inflow hit $55.5bn in seven months
Nigeria has recorded a foreign exchange inflow of $55.5bn in seven months. This is according to data obtained from the...
FIRS targets total automation of tax administration this year
The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100 percent automation of all its tax administration...
Banks borrow N9.17trn from CBN in seven months – Report
Deposit Money Banks and merchant banks have borrowed at least N9.17 trillion from the Central Bank of Nigeria (CBN) within...
Inflation rises to 15.63%, may affect 2022 budget benchmark
Nigeria’s headline inflation rate has risen to 15.36 per cent in December 2021, after an eight month period of consecutive...
Mairami reappointed Premium Pension managing director
Mr Umar Sanda Mairami has been reappointed as Managing Director/Chief Executive Officer of Premium Pension Limited. The reappointment which is...
Foreign inflows drop by 32% as UK, S/Africa slash Nigeria investments
The capital importation into the country fell by 32 percent to $500m in October 2021, from $660m recorded in September,...
COVID-19, insecurity kill 1.9m NMSMEs – Report
The 2020 National NMSME report authored by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with...