Naira depreciation adds N9tn to foreign debt burden
The exchange rate between the naira and the dollar decreased from N196.92 in June 2015 to N414.72 in June 2022, hence increasing Nigeria’s external debt.Information Guide Nigeria The…
FG orders banks, telcos to conduct environmental audits
The Federal Government has directed banks and telecommunications businesses to undergo environmental audits in their respective areas in order to protect the environment and eliminate toxic waste. It…
Pension assets rebound, gain N164bn in one month
The Contributory Pension Scheme’s assets returned to growth in October, gaining N164 billion after suffering a loss of about N2 billion in September.Information Guide Nigeria This was disclosed…
Zenith wins Bank of the Year Award
Zenith Bank Plc has been named Nigeria’s Bank of the Year at The Banker’s Bank of the Year Awards 2022. The prize was announced by The Banker Magazine,…
Finance Minister, Ahmed, claims Nigeria not broke
Nigeria is in a strong economic position, according to Zainab Ahmed, Minister of Finance, Budget, and National Planning.Information Guide Nigeria Ahmed spoke during the 6th edition of President…
CBN defends naira with $11.24bn in seven months
When contacted, Billy Gillis-Harry, President of the Petroleum Retail Outlet Owners Association of Nigeria, told our correspondent that the fuel supply situation had yet to stabilize.Information Guide Nigeria…
Oil-producing states borrow N1.3tn amid N6.4tn windfall
The overall indebtedness of ten oil-producing states increased from N2.04tn in December 2015 to N3.35tn in June 2022, according to the Debt Management Office’s statistics on subnational debt….
CBN defends naira with $11.24bn in seven months
The Central Bank of Nigeria injected $11.24bn into the economy to stabilise the value of the naira from January 2022 to July.Information Guide Nigeria This information was acquired…
How N424bn error in 2023 budget escaped detection across ministries – Finance Ministry
The Federal Ministry of Finance, Budget and National Planning has indicated that the N424 billion allegedly included in the 2023 budgets of the Ministry of Humanitarian Affairs, Disaster…
Pictures and Features of New N200, N500, and N1,000 Notes
President Muhammadu Buhari revealed the new N200, N500, and N1000 notes after a 28-day delay. In October 2022, the Central Bank of Nigeria stated that new banknotes would…