Nigeria’s Headline Inflation Rate Rises to 12.40%. The Nigerian Bureau of Statistics (NBS) recent data shows that the consumer price index (CPI) which measures inflation increased by 12.40 % year-on-year in May 2020.

2020 Budget: Debt Service Cost Includes Capital Repayment, Interest – FG. The Federal Government has said debt service provision in the 2020 budget includes capital repayment, interest obligations and other charges.

African Development Bank joins Nasdaq Sustainable Bond Network. African Development Bank (AfDB), has been included in the issuer of social bonds, the Nasdaq Sustainable Bond Network (NSBN). The AfDB’s Communications and External Relations Department made this known in a statement on Wednesday.

Nigeria Records Highest COVID-19 Deaths, says NCDC. The coronavirus pandemic has dealt a heavy blow on Nigerians families as the nation’s recorded highest fatality rate, first time since the outbreak.

Fitch Ratings Estimates 31% Debt to GDP for Nigeria. Fitch Ratings has projected 30.7% debt to gross domestic product (GDP) for Nigeria in 2020, the data is contained in a special report on Sub-Saharan Africa.

PMA: Demand for Low-risk Investment Options to Fuel Subscription. Analysts have said that increasing demand for low-risk investments option would support demand at the Federal Government bond auction on Wednesday.

Nigeria Records Improvement in U.S Fiscal Transparency Index. The United States has classified Nigeria among 14 countries that made “significant progress” towards meeting its minimum fiscal transparency requirements in 2019

IFC Invests $100 million in Zenith Bank to Support SMEs. The International Finance Company (IFC), a member of the World Bank Group, today announced an investment of up to $100 million in Nigeria’s Zenith Bank Plc.

NSE Goes South as Equities Investors Take Profits. Equities segment of the Nigerian Stock Exchange continues the bearish run for the second day in the week.

AfDB dAfDB debars Chinese Company Sieyuan Electric, Subsidiaries for Fraud. The Africa Development Bank (AfDB) said it has debarred another Chinese company, Sieyuan Electric and its subsidiaries for fraud.