CBN risking financial instability with rate hikes — IMF
The International Monetary Fund has cautioned that Nigeria and other emerging economies are jeopardising their financial stability by continually increasing benchmark interest rates.Infomation Guide Nigeria In a new…
DMO offers N225bn bonds for subscription
The Nigerian Debt Management Office, DMO, has made available for subscription three Federal Government Bonds valued at N225 billion.Infomation Guide Nigeria This disclosure is included in a circular…
Senate passes N66.9bn Police Trust Fund budget
The Nigeria Police Trust Fund‘s budget for the year 2022 was approved by the Senate on Wednesday. The total consists of staff expenses totaling N948,81 million, total overhead…
Nigeria’s economic growth will slow to 3% in 2023 — IMF
According to the report from vanguardngr, it was reported that the International Monetary Fund, IMF, has projected that Nigeria’s economic growth will slow to 3.0 percent in 2023…
As Naira Crashes to N730/$, CBN says its RT200 FX Programme has started yielding the expected result
According to the nairametrics report, the Central Bank of Nigeria (CBN) said its RT200–FX program has begun to deliver its intended results despite a significant drop in the…
Osinbajo: Nigeria Can Become Global Leader In Digital Economy
According to the report from dailytrustVice President Yemi Osinbajo has said Nigeria has the requisite talents, creativity, and acumen to become a world leader in the digital economy.Infomation…
Private Equity Investors Chase Fast-Growing Businesses To Hedge FX, Inflation Risk
Investors managing private equity funds in Nigeria are looking for companies whose growth outpaces inflation and acts as a hedge against exchange rate fluctuations.Infomation Guide Nigeria In the…
High interest rates push Pension Funds to corporate bonds
The biggest investment body in Nigeria, Pension Funds Adminis trators (PFAs), is now increasing its holdings of corporate bonds due to rising interest rates and the uncertainty surrounding…
Insurers pay out 47.3% of premium income as claims in Q2’22
As a result of enhanced underwriting capacity, insurance firms paid 47.3% of all premiums earned as claims during the second quarter of 2022 (Q2’22).Infomation Guide Nigeria This represents…
Nigeria-Egypt trade volume hits $141m — Envoy
The current trade volume between Egypt and Nigeria is $141 million, according to Nura Abba Rimi, the Nigerian ambassador to Egypt.Infomation Guide Nigeria This is due to the…