Finance
Nigeria’s FX Reserves Show Pause in Descent as Naira Depreciates
In a recent turn of events, Nigeria's foreign exchange reserves experienced a welcomed pause in their five-week descent, marking a...
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FAAC Disbursement Declines in April Amidst Revenue Challenges
The Federation Account Allocation Committee (FAAC) disbursed NGN 1.12 trillion to the three tiers of government in April, based on...
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Nigeria’s Fiscal Deficit Widens in 2023, Driven by Increased Expenditure
According to the Central Bank of Nigeria's Quarterly Statistical Bulletin, the fiscal deficit of the Federal Government (FG) expanded by...
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Capital Releases for 2024 Fiscal Year to Commence in May, Says Accountant General of the Federation
The Accountant General of the Federation, Mrs. Oluwatoyin Madein, has announced that capital releases for the 2024 fiscal year will...
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Federal Government Signs Aso Accord for Economic and Financial Inclusion
In a significant move aimed at advancing economic and financial inclusion across Nigeria, the federal government has signed the Aso...
Read moreFederal Government’s Deficit Spending Soars to N12.86 Trillion in 2023, Exceeding Budget Projections
The Federal Government of Nigeria experienced a significant surge in deficit spending in 2023, recording a year-on-year increase of 52.9...
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Nigeria Plans Dollar-Denominated Domestic Bonds to Address Forex Crisis, DMO Confirms
The Debt Management Office (DMO) has confirmed that Nigeria is actively working on the details of proposed dollar-denominated domestic bonds...
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revenue surged by 20 percent year-on-year to 3.6 billion euros
Music and podcast streaming platform Spotify has revealed a notable increase in paying subscribers alongside a lower-than-anticipated operating profit for...
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CBN Initiates Sale of Fresh Dollars To Bureau De Change Operators At N1,021/$
The Central Bank of Nigeria (CBN) has commenced a new phase of direct sales of US dollars to Bureau De...
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World Bank Board to Review Nigeria’s $2.25 Billion Financing Package in June
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has revealed that the Board of the...
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