Economy
LCCI on CBN ‘s March 2023 Interest rate Hike
Economy watchers at the Lagos Chamber of Commerce and Industries say the CBN should have held off an increase or...
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Inflation rate: LCCI Boss calls for urgent measures to tackle increase in food prices
Director General Lagos State Chamber of Commerce and Industry Dr. Chinyere Almona has expressed concerned over the excessive focus on...
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Only 24% of CBN Anchor Borrowers’ loans repaid – IMF
The International Monetary Fund has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers’ Programme of...
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MOFI, Ministry mull funding for local carriers
The Ministry of Finance Incorporated (MOFI said it is exploring ways to provide a financing/investment portfolio for Nigerian carriers to...
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NBS: Nigeria’s GDP growth contracts to 3.1%
The National Bureau of Statistics (NBS) yesterday said Nigeria recorded yearly Gross Domestic Product (GDP) growth of 3.1 per cent...
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FG nets N45.135bn from retail investors
The Federal Government realized a total of N45.135 billion from retail investors in the bond market (FGN savings bond) in...
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DMO promises not to exceed 2023 borrowings
The Debt Management Office (DMO) has assured that it will not exceed the legally approved new borrowing in the 2023...
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IMF questions Nigeria’s high tax expenditure, VAT collection efficiency
The International Monetary Fund (IMF) has raised concerns about Nigeria’s huge tax expenditure, estimated at four per cent of the...
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NECA predicts business shutdown over naira crisis
Nigeria Employers’ Consultative Association has predicted shutdown of small businesses if the lingering naira crisis persists. The Director-General, NECA, Mr...
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Nigerian Economy: S&P Hands Negative Outlook Rating to Nigeria
Standard and Poor at the weekend revised Nigeria’s outlook to ‘Negative’ from ‘Stable’ and also affirmed its ‘B-/B’ long- and...
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