FG borrows money to pay worker’s salaries-Accountant General
Nigeria currently borrowing money to pay the salaries of its workers due to challenges in government revenue generation ability, according to the acting Accountant-General of the Federation (AGF), Anamekwe Nwabuoku…
Nigeria spends N896.7bn on debt servicing in Q1’22
Nigeria spent billion on domestic and foreign debt servicing in the first quarter of 2022, Q1’22 , representing a 12 per cent year-on-year (YoY) decline from trillion spent in the…
NNPC to pay N874bn in June as subsidy hits N1.82tn
Operators in the oil and gas sector as well as other stakeholders are uncomfortable with the continued rise in the amount spent in subsidising Premium Motor Spirit, popularly called petrol,…
Treasury Secretary Janet Yellen expects US inflation to ‘remain high’
Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell could have used a better word than transitory when describing the expected run of inflation in…
Osinbajo charges FG regulatory agencies: you must change orientation towards businesses
Osinbajo There has to be a complete reorientation on the exercise of regulatory authority in the country in order for businesses and investors to thrive in Nigeria. This was the…
Nigeria’s GDP records 4.03% growth in Q3, 2021 as oil production tanks
The Gross Domestic Product (GDP) which measures Nigeria’s economy grew by per cent in the third quarter (Q3) of 2021, year-on-year, according to the National Bureau of Statistics (NBS).…
Afreximbank signs $1.04bn petroleum exploration deal with NNPC at IATF2021
Mr. Umor Ajia, NNPC Executive Director and Group Chief Executive Officer (left) and Mr. Amr Kamel, Executive Vice President, Business Development & Corporate Banking, Afreximbank (Right) The African Export-Import…
We‘ll boost productivity, value addition in agric, other sectors to grow economy, create more jobs- Osinbajo
The Nigerian economy is set for effective growth and job creation with a renewed focus on digital economy, significant value addition in agriculture, other sectors including oil & gas, while…
Osinbajo urges exporters to take advantage of AfCFTA …Says FG pushing reforms to grow exports
Osinbajo The Federal Government will continue to support Nigerian exporters through its various agencies bringing about necessary reforms to boost the growth of the country’s non-oil exports, according to Vice…
Infrastructure Deficit: Stakeholders Canvas for Private Sector Intervention
Infrastructure Deficit: Stakeholders Canvas for Private Sector Intervention Stakeholders in the finance industry have urged the private sector to support the federal government's drive to finance the infrastructural deficit in…