FG To Amend The 2020 Budget Oil Benchmark To $20 Per Barrel
Plans are ongoing by the Federal Government to review the 2020 budget to reflect an oil benchmark of $20 per barrel. A report by Reuters...
FG On Course To Pass Budget Before 2021 – Budget Office
The Federal Government is on course to ensure that the 2021 Appropriation Bill currently before the National Assembly is passed before the end of...
Banks Struggle As Bad Loans Hit ₦21.2 Trillion: FX Shocks, Soaring Interest Rates, And End Of COVID Forbearance Fuel Defaults
Nigeria’s banking sector is grappling with a surge in bad loans as rising interest rates, foreign exchange volatility, and the withdrawal of COVID-era loan...
COVID-19: Economic council meets Buhari, warns of recession
The Presidential Advisory Council on Tuesday warned about dire economic consequences for Nigeria if the raging coronavirus infection was not contained as quickly as...
Nigeria to export rice in two years – Minister of Agriculture
The closure of Nigeria’s land borders has caused an increase in domestic production of rice and the country is set to export the commodity,...
Nigeria Hits 18.17% Inflation Rate – NBS Reports
Nigeria's inflation rate rose from 17.33% recorded in February to 18.17% in the month of March. In the latest report released by the National Bureau of Statistics (NBS),...
South African President Ramaphosa Appoints Okonjo-Iweala Head Economic Advisory Council
South Africa's President Cyril Ramaphosa has reportedly appointed Dr. Ngozi Okonjo-Iweala as the Head of the country’s Economic Advisory Council. ABN TV reports that South...
President Buhari Seeks Fresh $5.513bn Loan
The President, Muhammadu Buhari, has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn. Buhari, in the...
BEWARE: Criminals Increasingly Using Cryptocurrencies
Criminals in Italy and Germany are increasingly making use of cryptocurrencies, according to the customs directorate in Bonn, Germany. “The use of cryptocurrencies for online...
CBN To Supply Forex To Banks Only
The Central Bank of Nigeria, CBN has announced that Forex will only be supplied to banks as all sales to Bureau De Change operators...
