BUSINESS Taraba plans to reduce dependence on federal revenue allocation By 3 years ago The Taraba State government has stepped up its attempts to mobilise revenue to reduce dependence
BUSINESS Phasing out old naira notes has no economic value – LCCI By 3 years ago The Lagos State Chamber for Commerce and Industry, LCCI, has expressed disappointment over phasing out
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BUSINESS Flutterwave to revamp virtual card platform Barter, recommends Send By 3 years ago Flutterwave, Africa’s largest fintech company, has revealed its plans to revamp one of its retail
BUSINESS Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022. The National Bureau of Statistics, NBS, said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q3 2022 released in Abuja, NAN reports. The report said Nigeria’s public debt stock which includes external and domestic debt, grew by 2.84 per cent in Q3 of 2022. It said the External debt stood at N17.14 trillion (39.66 billion dollars) in Q3 2022, while domestic debt was N26.91 trillion (62.25 billion dollars). “However, the share of external debt to total public debt stood at 38.92 per cent in Q3 2022, while recorded domestic debt at 61.08 per cent.’’ In addition, the report showed that the Federal Government’s share of domestic debt was 80.07 per cent in Q3 of 2022. In a breakdown by states, the bureau said Lagos State recorded the highest domestic debt of N877.03 billion in the third quarter of 2022. Delta followed it with N272.61 billion and Ogun with N241.78 billion. The report showed Jigawa recorded the lowest debt at N44.40 billion, followed by Kebbi and Katsina at N60.13 billion and N62.37 billion. Nigeria’s public debt stock increases to N44.06trn in Q3 2022 – NBS By 3 years ago Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter
BUSINESS UBA appoints Abiola Bawuah as first female CEO for Africa By 3 years ago …announces six other top appointments as Oni retires from board The Board of Directors of
BUSINESS NEWS New Naira Notes: Saboteurs responsible for shortage – Experts By 3 years ago Economic experts have reacted to the arrest of members of syndicates intercepted selling the new
BUSINESS NEWS Breaking: CBN extends deadline for old naira notes swap By 3 years ago The Central Bank of Nigeria, CBN, on Sunday extended the deadline for the exchange of
BUSINESS Zamfara: It’s illegal to reject old notes before January 31 deadline, CBN warns By 3 years ago The Zamfara State branch of the Central Bank of Nigeria, CBN, has said rejecting the
BUSINESS CBN unveils Africa-led Domestic Card Scheme By 3 years ago The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Thursday, unveiled an
