We are building back a better Central Bank — Cardoso
Mr. Olayemi Cardoso Governor, Central Bank of Nigeria, in this maiden address to banking and finance industry stakeholders ...
FG’s borrowing from local investors rises 21% in H1’22
The Federal Government borrowed N4.2
trillion from local investors in the first half of the year (H1’22), representing 21 per cent, year-on-year YoY, increase from N3.89 trillion borrowed in the first half of 2021 (H1’21)
External Reserves set to hit $41bn, highest in 2yrs
•As $7.4bn accrues from SDR, Eurobond •But IMF is calling for further boost By Babajide Komolafe Nigeria’s external reserves is set to hit $41 billion, the highest in two years, following an eight weeks accretion triggered by inflow from the Eurobond proceeds and the Special Drawing Rights (SDR) Allocation to Nigeria by the International Monetary Fund (IMF). […]
Insurance as a catalyst to economic growth, development
Insurance has always been a sine qua non for guaranteeing comfort and peace of mind of the insuring public. The role Insurance, it must be quickly noted, has, often time, been misconstrued due to the varying perception lens many folks evaluate and view its services. Notwithstanding, this does not relegate its influence and role as a value […]
Eurobond pushes Nigeria’s external reserves to $40bn
As Nigeria raises $15. 2bn from ICM in 10yrs By Emma Ujah, Abuja Bureau Chief The successful issuance of $4 billion Eurobond by the federal government last week at the International Capital Market, ICM, has given the nation’s foreign reserves a significant boost to over $40 billion. The reserves hovered around $36. 03 billion previous week. With the […]
Revenue Commission faces herculean task on new revenue formula
Suspicion, lack of political will main headache – Chairman Emma Ujah, Abuja Bureau Chief The Chairman of the Revenue Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Engr. Elias Mbam, and his team of Commissioners face a herculean task in giving Nigerians a new Revenue Sharing Formula, which will ensure fairness and equitable distribution of nation’s […]
