Wednesday, January 20, 2021

CBN Pegs Naira at 379/$ Ahead of Plans to Unify Exchange Rates

The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar...

COVID-19 Bailout: Lagos Earmarks N1bn For Hospitality Sector

The Lagos State Government says it has earmarked N1 billion as part of COVID-19 bailout for the hospitality sector in the state. Gov. Babajide Sanwo-Olu,...

Banks’ borrowing Capacity from CBN up by 75% in Q1

Banks’ borrowings from the Central Bank of Nigeria (CBN) Standing Lending Facility rose quarter-on-quarter, QoQ, by 75 percent to N1.8 trillion in the first...

More Hardship for Nigerians Amid 16% Increase in Pump Price

Analysts have criticized the move by the Federal government to increase the price of fuel from N123 back to N145 per litre saying it...

FAAC Share N651.18bn to States, Others in June

The Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and...

FG Project N11.86tn for 2021 Budget

The Federal Government has projected an aggregate expenditure of N11.86 trillion for 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed...

CBN Devalues Naira To 380.5 In Official Market

The Central Bank of Nigeria (CBN) yesterday moved closer to unify the exchange rates in the official market and the Investors and Exporters (I&E)...

Nigeria’s Debt Profile Now N28.628tn, DMO says

The Debt Management Office on Thursday disclosed that the total public debt portfolio of Nigeria has risen to N28.63tn. In its Public Debt Portfolio report...

Oil Extend Losses as Coronavirus Spike Cools Demand Hopes

Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries...

FG’s Revenue in 2020 to be Spent on Debt Repayment, IMF Says

The International Monetary Fund (IMF) has projected that all revenue accrued to the federal government in 2020 will be used for interest repayments. Jesmin Rahman,...


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