Photo: Philip Ojisua; Infographics: Olakunle Olaniyi Fiscal Deficit Grows By 400 Per Cent Since Buhari’s First Appropriation FG Risks More Funding Crisis As Debt Marker Dries Up Estimates Contradict Economic Realities — Adonri Deficit, Debts Could Cripple Economy — ACCI With Friday’s presentation of the 2023 Appropriation Bill, President Muhammadu Buhari may have set the […]
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MPR raised to 15.5 per cent, highest in 20 years CBN to debit commercial banks to effect new CRR Thursday Adonri: Increase creates opportunity for FG to mop up local funds Job losses to worsen, experts warn Nigerians lament soaring food prices ‘Address supply-side shocks to check inflation’ It was another audacious response from the […]
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President, Muhammadu Buhari (right); Minister of Foreign Affairs Geoffrey Onyeama; Chief of Staff Prof. Ibrahim Gambari, Permanent Representatives of Nigeria to UN Prof. Tijani Muhammad-Bande and Minister of Finance Hajia Zainab Ahmed, during the Opening of the 77th United Nations General Assembly in New York At the United Nations General Assembly (UNGA) in New York, […]
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The naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged on Thursday. The open indicative rate closed at N434.83k to the dollar on Thursday. An exchange rate […]
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• Country’s Financial Situation Requires Exploration Of Alternative Revenue Sources — Faleke • Fiscal Condition Of Almost All States Unhealthy — Report • Focus On Manufacturing, Agric, Exportation To Rejig Economy — Economists • ‘With Funding, Contribution From Minerals Exploration May Surpass Oil Earnings’ Economists have said that Nigeria must begin to make deliberate efforts […]
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A man exchanges Nigeria’s currency Naira for US dollars in Lagos, Nigeria. (Photo by Pius Utomi Ekpei / AFP) Analyst predicts gloomy outlook as uptick in fixed market persists Despite improved earnings and dividend announcements from listed companies, uncertainty in the global economy, coupled with prevailing macroeconomic challenges in the country, especially insecurity and low […]
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Vice-President, Yemi Osinbajo, on Tuesday, at the Presidential Villa, Abuja, received the All Progressives Congress (APC) governors. His spokesman, Laolu Akande, in a statement on Tuesday, said the governors were on a felicitation visit to the vice-president as he recovered from the leg surgery done in July. The vice president expressed his appreciation to the […]
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As the 2023 election campaigns commence next month, stakeholders in the nation’s capital market have stressed the need for politicians to adopt issues-based and violence-free campaigns to enhance market stability and attract more inflow of capital into the equities market. The experts who believed that only peaceful polls could restore confidence in the market, sustain […]
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Defies interest rate hike, rattles analysts Surges to 19.6 per cent, highest since 2005 ‘Figures reflection of more scary future’ Okon: Civil servants most hit, purchasing power very weak Suspend telecoms, beverage tax, says Uwaleke ‘Reign in N19.7 trillion Ways & Means loan to FG’ Galloping inflation recipe for recession, higher unemployment, economists insist Nigeria’s […]
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Says energy crisis, forex scarcity, falling currency, others bleeding economy Urges FG to resolve challenges with holistic approach The Nigeria Employers’ Consultative Association, NECA, Sunday in Lagos, raised the alarm that the nation’s economy is on the brink of collapse, warning that spiralling inflation, rising energy cost (scarcity of FOREX, the dwindling value of the […]
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