CBN Reforms Lead to $172 Million Increase in Diaspora Remittances

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported ...

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG Spends $15 Billion on Debt Servicing Over Five Years, CBN Reports

by Stephen Akudike

June 24, 2024

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The Federal Government of Nigeria has allocated a substantial $15.55 billion towards debt servicing from 2019 to 2024, according to ...

FG’s First-Half Budget Performance Falls Short: Economic Consequence

by Rate Captain

September 8, 2023

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The Federal Government of Nigeria's budget performance in the first half of the year has fallen below expectations, underscoring the ...

ICPC Chairman Highlights Illicit Financial Flows’ Impact on Nigeria’s Economy

by Stephen Akudike

September 12, 2023

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The Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has emphasized that Illicit ...

Exploring Nigeria’s Rising Debt: The Impact of Federal Government Borrowing from the Central Bank

by Stephen Akudike

September 13, 2023

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Nigeria's fiscal management has been under scrutiny in recent years, and concerns about the country's rising debt levels have been ...

Tag: Debt servicing