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Market News

Nigeria needs $3.5b investment annually to generate 40,000Mw

Nigeria needs $3.5 billion investment annually to generate 40,000MW of electricity by 2030, the Minister

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May 12, 2023 7:01 am
Market News

Debt servicing hits $112m monthly, says CBN

The Federal Government spent $112.35m servicing external debt in January 2023, according to findings by

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May 12, 2023 6:40 am
Market News

FG tells West African operators to reposition insurance industry

The Minister of Finance, Budget and National planning, Dr. Zainab Ahmed, has urged insurance operators

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May 12, 2023 6:36 am
Market News

NDDC lauds Senate’s plan to probe N1tn spending

The Niger Delta Development Commission has lauded the Senate over moves to probe the agency’s

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May 12, 2023 6:31 am
Market News

DMO To Auction Another N360bn Bonds After 2 Months

The Debt Management Office (DMO) has called for subscription for four units of N90 billion

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May 11, 2023 7:46 am
Market News

Trouble looms over rising debt, Budget Office warns

The Budget Office of the Federation has said Nigeria now has a “limited borrowing space”

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May 11, 2023 7:17 am
Market News

At Last, Buhari Seeks Senate’s Nod for Fresh $800m World Bank Loan for Poor, Vulnerable Nigerians

President Muhammadu Buhari yesterday, asked the Senate to approve a fresh $800 million loan from

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May 11, 2023 7:10 am
Market News

Oil production now one million barrels lower daily – FG

Nigeria’s oil production is currently lower than its technical allowable capacity by about one million

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May 11, 2023 7:03 am
Market News

Dollar stabilises, yuan dips as traders assess inflation implications

The dollar found its feet on Thursday while the Chinese yuan dipped to a two-month

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May 11, 2023 6:17 am
Market News

Oil prices climb on positive US fuel demand data

Oil prices bounced back on Thursday after dropping by more than a dollar a barrel

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May 11, 2023 6:04 am
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