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FG must Stop Borrowing For Consumption – Obi

FG must Stop Borrowing For Consumption – Obi

The presidential candidate of the Labour Party, Peter Obi, has said the Federal Government must stop borrowing for consumption. Taking to Twitter on Thursday, the former governor of Anambra State lamented that states that received bailouts failed to repay the ...

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Malami, NGF On Collision Course Over $418m Deductions

Malami, NGF On Collision Course Over $418m Deductions

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, may be on a collision course with the Nigerian Governors Forum for insisting on the deduction of $418m Paris Club refund from the federation account. Speaking to State House ...

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FG Borrows N2.45tn From CBN Amid Fiscal Risks

FG Borrows N2.45tn From CBN Amid Fiscal Risks

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022. According to data from the CBN, this shows that the Federal Government borrowed ...

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Nigeria Facing Existential Threat, World Bank Warns

Nigeria Facing Existential Threat, World Bank Warns

In light of Nigeria’s dwindling revenue, the continued payment of trillions of naira on fuel subsidy by the government and the attendant economic challenges, the World Bank on Wednesday raised the alarm that the country might be facing an existential ...

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Crypsense Digital Group: African Web Startup to Qualify Draper VeChain Accelerator Program

Crypsense Digital Group: African Web Startup to Qualify Draper VeChain Accelerator Program

…VeChain is a top tier Layer1 blockchain that offers global enterprise solutions Crypsense Digital Group (www.Crypsense.io), a Kenyan based Digital Assets Capacity Building & Management Platform is among the first African based Web 3 startups to qualify for the Draper ...

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Unity Bank Posts N27b Gross Earnings In Six Months

Unity Bank Posts N27b Gross Earnings In Six Months

Unity Bank Plc has posted gross earnings of N27.6 billion for its half-year results, representing a growth of 17 per cent year-on-year. In its unaudited half-year financials submitted to the Nigeria Exchange Group Limited, the bank also made significant improvements ...

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Telcos Kick As FG Plans 12.5% Call Tax

Telcos Kick As FG Plans 12.5% Call Tax

Nigerian telecommunication consumers under the aegis of the National Association of Telecoms Subscribers have said the move by the Federal Government to increase the total consumption tax on telecom services to 12.5 per cent is irresponsible and ill-timed. According to ...

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Finance Minister To Brief Govs On State Of Economy

Finance Minister To Brief Govs On State Of Economy

Three Ministers would address the 36 governors of the Federation when they converge on Tuesday virtually at their 5th teleconference meeting for 2022. The economy will dominate the meeting as the Minister of Finance, Budget and Planning, Hajiya Zainab Shamsuna ...

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NPC Set For April 2023 Housing And Population Census In Nigeria

NPC Set For April 2023 Housing And Population Census In Nigeria

…Commences Trial Census Nationwide in 4608 in Selected Localities …Introduces Modern and New Technologies …Warns Against Fraudsters, Says Commission Has Not Opened Portals For Application …Uyo, Uruan, Ibiono Ibom, Ini, Abak, Etim Ekpo, Eket, Mkpat Enin and  Okobo LGAs Selected ...

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CBN Tinkers With Fresh Interest Rate Hikes

CBN Tinkers With Fresh Interest Rate Hikes

Financial analysts have expressed reservations on the possibility of members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) resolving in subsequent meetings in the year to hike interest rates further. Almost two months after members ...

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