ECONOMY

The International Monetary Fund (IMF) has suggested measures for sub-Saharan Africa to avoid a debt crisis. The advice coincides with an appeal by the African Network for Environment and Economic Justice (ANEEJ) to creditor nations and institutions to cancel Nigeria’s huge debt burden. In a report released on Tuesday, September...

The CEO of Nigerian Exchange Limited, Mr. Temi Popoola, has affirmed that NGX is fully poised to lend its support to the Federal Government's objectives. NGX aims to achieve this by mobilizing capital, which, as he put it, “will address government challenges and foster wealth creation for Nigerians.” This assertion...

  NGX group Chairman urges Tinubu to champion capital market reforms   The President of the Federal Republic of Nigeria, H.E. Bola Ahmed Tinubu has called on foreign investors to bring their capital into the country as his government is working on easing the free flow of capital. Tinubu stated...

  The US Deputy Secretary of Treasury, Wally Adeyemo, has said Nigeria lacks the macroeconomic framework to attract more dollar denominated foreign direct investments into its economy. This was made known by Adeyemo while speaking at the Lagos Business School (LBS) at a forum with business leaders in Lagos on...

  Olubiyi calls for improved telecommunications facilities, power supply The Vice Chairman of Nigeria Communication Commission (NCC), Prof Umar Danbatta, has stressed the importance of a multidimensional collaboration in enhancing the country's payment system. He said this in his presentation at the 2023 annual conference of the Finance Correspondent Association...

  The Debt Management Office (DMO) has said that Nigeria’s total public debt rose by 75.29 per cent to N87.38 trillion in the second quarter of 2023. It surpassed the projection of DMO’s Director-General, Patience Oniha, who had predicted the debt could hit N70 trillion, excluding N5 trillion in new...

  The National Bureau of Statistics (NBS) disclosed on Friday in its Nigerian Domestic and Foreign Debt Report for Q2 2023, released in Abuja, that Nigeria’s public debt stock increased from N49.85 trillion ($108.30 billion) in the first quarter of 2023 to N87.38 trillion ($113.42 billion ) in the second...

    Nigeria’s inflation surged by 1.72 per cent to 25.80 per cent in August 2023, from 24.08 per cent recorded in July. This is according to the Consumer Price Index (CPI) report for August 2023 released by the National Bureau of Statistics (NBS) on Friday. The significant increase reflects...

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has assured investors that the government was working to expunge macroeconomic impediments to the stability of the exchange rate and inflation in the country. Speaking on the sidelines of the Group 20 (G20) summit in India on Sunday,...

  In the heart of New Delhi, Dr. Lazarus Angbazo, the Chief Executive Officer and Managing Director of the Infrastructure Corporation of Nigeria, passionately made the case that Nigeria, with its status as the largest economy in Africa, its youthful and educated population, abundant natural resources, and strategically advantageous geographical...