CATEGORY: ECONOMY & POLITICS

Lagos State raises N85 billion in bonds at 17% interest rate

Lagos State raises N85 billion in bonds at 17% interest rate

Lagos state commissioner of finance, Akin Ashade has confirmed that the state has raised...


Why IMF is predicting record-breaking unemployment rates for Africa’s largest economies

Why IMF is predicting record-breaking unemployment rates for Africa’s largest economies

In what can be only described as bad news, the International Monetary Fund (IMF)...


Recession over at last? 3 reasons why the NBS chief ‘feels’ so

Recession over at last? 3 reasons why the NBS chief ‘feels’ so

The Statistician-General and chief executive officer of the National Bureau of Statistics Yemi Kale...


Explained: FG’s plan to refinance treasury bills with dollar debts

Explained: FG’s plan to refinance treasury bills with dollar debts

The Federal government is to refinance maturing domestic debt with $3 billion treasury bills....


36 states invest $250 million in NSIA

36 states invest $250 million in NSIA

The 36 state governments have invested $250 million in the Nigerian Sovereign Investment Authority...


New discoveries by the EFCC show less than 6% of funds linked to Diezani Madueke have been forfeited

New discoveries by the EFCC show less than 6% of funds linked to Diezani Madueke have been forfeited

For many following the investigation of the former Minister of Petroleum, Mrs. Diezani Alison...



The 5 states with the highest net statutory allocation in H1 2017

The 5 states with the highest net statutory allocation in H1 2017

The first half of the year is gone and states, most of whom depend...


This data confirms businesses are ‘smiling’ again

This data confirms businesses are ‘smiling’ again

The Purchasing Managers’ Index rose to 56.8 points in July 2017 for the fourth...


CBN holds MPR at 14% ; what it means for Startups and SME’s

CBN holds MPR at 14% ; what it means for Startups and SME’s

The Central Bank of Nigeria CBN’s Monetary Poly Committee meeting (MPC) was concluded on...


Credit to Public Sector hit all time high as borrowing spree continues

Credit to Public Sector hit all time high as borrowing spree continues

Data from the Central Bank of Nigeria reveals Nigeria’s credit to the private sector...


Mixed Fortunes trail GEJ’s Super Ministers

Mixed Fortunes trail GEJ’s Super Ministers

The Goodluck Jonathan administration, despite its tilt towards corruption and impunity will always be remembered...


Official: Debt service was 44% of FG revenue for May 2017

Official: Debt service was 44% of FG revenue for May 2017

In the recently published May 2017 Central Bank Monthly report, Nigeria earned a total...


Don’t blame government for the flood as only 3% of Lagos residents pay tax, says Ambode

Don’t blame government for the flood as only 3% of Lagos residents pay tax, says Ambode

Ambode claps...


Looks like CBN dollar Intervention is yielding ‘positive results’

Looks like CBN dollar Intervention is yielding ‘positive results’

The series of recent interventions by the Central Bank of Nigeria appears to be...


After Etisalat’s exit, foreign telco partners have now threatened disconnection over unpaid bills

After Etisalat’s exit, foreign telco partners have now threatened disconnection over unpaid bills

Foreign telecommunications partners have threatened to disconnect their Nigerian partners as a result of...


The Events That Shaped Nigeria’s Economy in the First half of 2017

The Events That Shaped Nigeria’s Economy in the First half of 2017

A couple of noteworthy events of economic or business relevance occurred during the 1st...


Senate, CBN and Banks Meet to discuss Interest rates

Senate, CBN and Banks Meet to discuss Interest rates

In a bid to address the high level of interest rates in the country,...


This trend in extension of credit to Nigeria should trouble FG

This trend in extension of credit to Nigeria should trouble FG

How can this be...


MPC Member compares Nigeria to Zimbabwe as FG borrowing from CBN tops N6.5 trillion

MPC Member compares Nigeria to Zimbabwe as FG borrowing from CBN tops N6.5 trillion

Balami Dahiru Hassan, a member of the revered Central Bank Monetary Policy has expressed...


More questions arise as World Bank loans Nigeria another $961 million

More questions arise as World Bank loans Nigeria another $961 million

The World Bank has approved another $961 million loan for the implementation of 2...


130% Oversubscribed: These factors may have led to a successful initial Diaspora Bond sale

130% Oversubscribed: These factors may have led to a successful initial Diaspora Bond sale

Nigeria was able to successfully raise $300 million in its first ever diaspora bond...


6 things to know about Nigeria’s upcoming sukuk bond

6 things to know about Nigeria’s upcoming sukuk bond

Another kind of...


Shareholders want to take Arik back as plans to settle its N160 billion debt is underway

Shareholders want to take Arik back as plans to settle its N160 billion debt is underway

Shareholders of Arik Air seem to be planning a revival of the company’s fortunes...


2 reasons why newly introduced CBN form NXP is bad for Nigeria’s exports

2 reasons why newly introduced CBN form NXP is bad for Nigeria’s exports

Good idea...


A pattern has emerged as South Africa joins list of Africa’s biggest economies in recession

A pattern has emerged as South Africa joins list of Africa’s biggest economies in recession

Same symptoms, same...


Nigeria’s debt profile hit N19.1 trillion

Nigeria’s debt profile hit N19.1 trillion

By a...


Why Osinbajo failed to sign 2017 Budget on Thursday

Why Osinbajo failed to sign 2017 Budget on Thursday

Acting President Professor Yemi Osinbajo failed to sign the 2017 Federal Budget on Thursday...


Kwara State is offering 5 year tax holiday for Startups and SME’s

Kwara State is offering 5 year tax holiday for Startups and SME’s

In a move designed to wean the state from its dependence on crude oil...


The 6 new taxes the Senate is planning to impose on road users

The 6 new taxes the Senate is planning to impose on road users

More burden on...


What entrepreneurs stand to gain from the Collateral Registry and Credit Reporting Act

What entrepreneurs stand to gain from the Collateral Registry and Credit Reporting Act

In principle, more funds for...