Browsing: FG

Ticking Debt Clock: How Much Can Nigeria’s Economy Absorb? Some Nigerians are worried about the rising debt profile amidst the…

FG moves to actualize N43.24 billion Ibadan Inland Dry Port Talks between Federal Government and China Railway Construction Corporation Limited…

Official FX Rate Devaluation Raised Nigeria’s Debt to ₦28.6trn. The National Bureau of Statistics stated that total public debt portfolio of the Federal and State Governments as of March 31 stood at ₦28.63 trillion from ₦27.4 trillion in December, 2019.

Deregulation: It is unrealistic to continue subsidy – FG The Federal Government of Nigeria has said that it is unrealistic to continue with Petroleum Motor Spirit subsidy. Chief…

Poor country’s comparative advantage exposes Nigeria’s multiple weaknesses

The pandemic is no time for fiscal distancing. These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic.

COVID 19: FBN donates ₦1 billion, reiterates commitment to safety of Nigerians. FirstBank has announced its donation of the sum of N1 billion towards the joint effort by the Nigerian Private Sector Coalition against COVID-19 to rapidly expand the health facilities.

‘Stimulus bailouts worth 2% of GDP measly to stem potential shocks from crisis’. Cardinalstone Partners, an investment banking firm has said policy responses to the recent development in the economy is likely to provide calming effects.

“Each dollar slump in Oil price cost Nigeria N20 Billion daily. The Nigerian economy is swinging down with the oil market performance after OPEC+ failed supply cut discussion.

Nigeria records N2.23 trillion positive trade balance as imports grow 28.8%. The Nigerian economy has recorded a favourable trade balance of N2.232 trillion in 2019, data provided by the National Bureau of Statistics has shown.