The Straight Paths
The Lagos state government says it will raise N100 billion through domestic bond issuance to fund the deficit in its 2021 budget. Rabiu Olowo Onalapo, Lagos commissioner for finance, was … Continue Reading Lagos to raise N100bn bond to finance 2021 budget deficit
The debt stock is made up of the domestic and external debt stocks of the Federal Government of Nigeria, the 36 state governments and the Federal Capital Territory, the DMO said.
Nigeria’s public debt hit a total of N32.2tn at the end of September 2020, the Debt Management Office announced on Thursday. The figure implies that the nation’s debt profile rose … Continue Reading Reveals: Nigeria’s debt profile rises to N32.2tn
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a … Continue Reading World Bank Finally Approves $1.5billion Loan To Strengthen Nigeria’s Economy
The federal government says it has no plan to introduce new taxes or increase current taxes in 2021. Zainab Ahmed, minister of finance, budget and national planning, disclosed this on … Continue Reading FG: No plan to introduce new taxes in 2021
Former Vice-President Alhaji Atiku Abubakar has said Nigeria must exit it recession with Precision. Recalls, Akewusolaf had reported that Nigeria plunges into it worst recession since 1987. The People’s Democratic … Continue Reading We Must Exit This Recession With Precision – Atiku caution
Nigeria has officially slid into its worst economic recession in over three decades, TheCable can report. According to gross domestic product numbers released by the National Bureau of Statistics on … Continue Reading BREAKING: Nigeria officially slides into worst recession since 1987
If there’s no money at the time of the failed transaction, the charges will be withdrawn from the account whenever it is funded. Nigerian banks have started charging customers for … Continue Reading JUST IN: Nigerian banks begin charging customers for failed transactions
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre … Continue Reading NNPC raises petrol depot price, marketers to sell at N168-N170/litre
The Federal Government on Thursday told state governments that they could not control the mineral deposits in their various domains. Minister of Mines and Steel Development, Olamilekan Adegbite, said this … Continue Reading You can’t control minerals, FG tells states
Vice Presidential candidate of the Peoples Democratic Party, PDP, in 2019 elections, Mr. Peter Obi, has said that borrowing progressive business ideas from China will be more beneficial to Nigeria than … Continue Reading Borrow ideals from China, not money– Peter Obi tells FG
Federal Government in a directives on Thursday 17th September, 2020, has ordered all account holders in the country to fill a mandatory self certification forms with their various financial institutions. … Continue Reading FG ordered account holders to fill “self certification” forms
…says it will curb contraband. “Ethiopia today unveils new Birr notes for 10, 50 and 100 denominations, with introduction of a new Birr 200 note. The new notes will curb … Continue Reading Ethiopia unveiled new Currency
The Presidency on Friday says the prices of food items in the country are dropping as a result of the agricultural reforms of the regime of the President, Major General … Continue Reading Food prices are coming down —Presidency
President Muhammad Buhari has reiterate that the Government will not give foreign exchange to anybody importing food or fertilizer into the country. He also urge young able-bodied in the country … Continue Reading No Foreign Exchange for Food Importation– Buhari
