Tag: Federal Government
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PMI: Economic Recoveries in Nigeria, Others Could Disappoint in Q3
PMI: Economic Recoveries in Nigeria, Others Could Disappoint in Q3. Given the latest data from the Nigeria’s central bank purchasing managers index (PMI), analysts said economic recoveries could disappoint against expectation in the third quarter of 2020.
Debt Service Takes 27% as Senate Passes Adjusted 2020 Budget
Debt Service Takes 27% as Senate Passes Adjusted 2020 Budget. Debt service accounts for more than 27% as the Nigeria passed the adjusted spending plan for fiscal year 2020 totaled ₦10.8 trillion into law.
FAAC: FG, States, Local Government share ₦780.982 billion
FAAC: FG, States, Local Government share ₦780.982 billion
Negative credit rating to pressure FG’s Eurobond plan as public debt hits ₦27.4trn
Negative credit rating to pressure FG’s Eurobond plan as public debt hits ₦27.4trn. Experts have said that Eurobond issuance will be difficult due to recent Nigeria’s sovereign credit rating downgrade, and while at it public debt hits ₦27.4 trillion.
Tariff change to ease FG’s electricity subsidies burden – Afrinvest
Tariff change to ease FG’s electricity subsidies burden – Afrinvest. Afrinvest www.afrinvest.com, a leading investment banking firm in Nigeria has indicated support for power sector tariff review, say it will ease electricity subsidies burden on government’s finances.
