Federal Government launches five hundred million dollars bond

Federal Government launches five hundred million dollars bond

Written by Oluwakemi Kindness The Federal Government of Nigeria has launched a five hundred dollar million domestic bond, marking a significant milestone in the country's economic reform and development journey. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who stated this while unveiling the Series I five hundred million dollars Domestic Federal Government of Nigeria U.S Dollar Bond in Lagos, said the launch is a bold […]

August 16, 2024 43

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Expert Tips: Flexible Income Ideas for Students to Earn While Studying

Writing by Julian Adetinuyo Experts often recommend that students focus on flexible income opportunities that align with their class schedules. This will help them become proactive and resourceful in making income while in school. By leveraging skills, networks, and available resources, students can successfully earn extra income to support themselves during their studies, while also enabling them contribute meaningfully to the economic growth of the society. Student experiences Adebimpe Oluronke, […]

August 9, 2024 18 1

Business

Minister advocate for more investment to fast-track economic growth

The Minister of Budget and Economic Planning, Senator Atiku Bagudu, has highlighted the disparity between Nigeria’s federal budget and those of other populous nations such as Indonesia and Brazil, emphasizing the urgent need for increased investment. Speaking at the launch of ActionAid Nigeria’s Country Strategy Paper (CSP), themed “Citizens’ Action Against Poverty and Injustice (2024-2034),” held in Abuja, Bagudu, provided a comparative analysis of Nigeria's budget against its international counterparts. […]

August 9, 2024 13

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CBN Reaffirms Commitment to Provide Liquidity Support to FX Markets

The Central Bank of Nigeria (CBN) has offered eight hundred and seventy six million dollars to fulfil bids submitted by customers at an auction concluded on Wednesday, August 7, 2024. This is the latest testament to the CBN's ongoing commitment to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary. A statement on Wednesday by the Director of Cooperate Communication, Hakama Sidi-Ali, said in line […]

August 8, 2024 11 1

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CBN Approves Unity Bank Plc and Providus Bank Merger

The Central Bank of Nigeria (CBN) has announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic move the bank said is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The apex bank, in a statement on Tuesday by its acting Director of Corporate Communications, Hakama Sidi-Ali, said the merger is […]

August 7, 2024 13

Business

Federal Government Bond Raised 4.13tn In The First Half

The Federal Government has raised about N4.13tn from bonds in the first half of 2024. This was revealed in the FMDQ Exchange Financial Markets Monthly Report for June this year. Value of new issuance of FBN bonds for June, which was N297.01bn, was the lowest in six months and the highest was N1.49tn in February. At the end of June 2024, the value of outstanding FGN bonds, which includes savings […]

July 29, 2024 16

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Norrenberger Group Says President Tinubu’s Reforms Are Paying Off.

Economic outlook for the second half of 2024 shows that ongoing reforms by the President Tinubu led government are beginning to yield results as seen with cases of improved trade balance, Increased FAAC allocations, Surge in Capital imports, Increased Foreign Reserves and Exchange rate convergence. This is according to the Norrenberger group, which also admitted that the reforms left Nigerians with High prices, Insecurity, Increased poverty, Depreciating currencies and High […]

July 26, 2024 13

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CBN RAISES INTEREST RATE TO 27.65 PER CENT.

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end of the 296th MPC meeting in Abuja on Tuesday. The MPC had maintained a hawkish stance to tame inflation since it resumed meeting this year and thus far, it has […]

July 23, 2024 11

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HOUSE OF REPRESENTATIVES TELLS PARTIES IN ONGOING PETROLEUM SECTOR DISPUTES TO CEASE-FIRE AS PROBE COMMENCES

The House of Representatives on Monday called on all parties involved in the ongoing disputes in the petroleum sector to cease fire pending the outcome of its investigations. The House at the plenary on July 9 constituted a Joint Petroleum Committees on Midstream and Downstream sectors to conduct a forensic investigation towards addressing the pressing issues within Nigeria's energy sector following the faceoff between the NMDPRA and Dnagote refinery. Delivering his […]

July 22, 2024 7