Archives for MONEY MARKET - Page 106
Suffering Ahead For Nigerians As Inflation Hits 19.64% In July, Highest In 17 Years
By Ngozi Onyeakusi---Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of , up from the recorded in the preceding month. The latest inflation rate…
DBN set for Structured Entrepreneurship Training, Funding of MSMEs
By Ngozi Onyeakusi---The Development Bank of Nigeria (DBN) says it has completed all arrangements to boost the Micro, Small, and Medium Enterprises (MSMEs) through a Capacity building exercise, which is…
NSITF tells Senate termites eats up N17.158bn vouchers
Senate Committee on Public Accounts looking into NSITF spending has been told that termites has eaten up billion vouchers meant raised to unexplained expenditure. A dumb folded committee vented its…
FIRSTBANK COMMEMORATES 2022 INTERNATIONAL YOUTH DAY, DEDICATES WEEK TO YOUTHS
Adesola-Adeduntan-MD_CEO FirstBank- First Bank of Nigeria Limited has announced its commemoration of the 2022 International Youth Day, globally celebrated today, 12 August 2022 and themed “Intergenerational solidarity: Creating a World…
FG borrows N2.45tn from CBN amid fiscal risks
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from in December 2021 to in June 2022. According to data from…
Photo: NDIC Holds Workshop for Law Enforcement Officers In Lagos
L-R DCP. Ayoola Ajala, Coordinator, Financial Malpractices Investigation Unit; Mohammed B. Abubakar, Director Public Prosecution of the Federation; Hassan Bello, FCA, MD/CE, NDIC; Michael Oladele, Director Bank Examination Department, NDIC;…
Heritage Bank supports Nigerian Airforce with impactful digital solutions
R-L: Ozena Utulu, Ag. Group Head, Corporate Communications, Heritage Bank; WG CDR JC Igwenagum, President, Nigerian Air Force 301 HAG Cooperative Multipurpose Society and Rosemary Onwuka, Experience Centre Manager, Lagos…
Nigeria’s economy in bad shape –UNDP
Amidst declining revenue and foreign exchange earnings coupled with rising debt service payments, a United Nations Development Programme (UNDP) report on Imagine Nigeria, has declared that the country’s economy is…
Nigeria, three others top World Bank debtors’ list
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal Year 2021 audited financial statements, known as the IDA…
High debt hurting investment in infrastructure –DMO
DMO DG , Patricia Oniha The Director General of the Debt Management Office, Patience Oniha, has said that high debt levels lead to high debt services and affect investment…
