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Nigeria’s inflation falls to 16.63% in September

The Consumer Price Index, which measures inflation, has declined for the seventh consecutive month to 16.63 per cent in September. The Statistician-General of the Federation, Simon Harry, while speaking at a press briefing in Abuja on Friday, noted that the CPI decrease was 0.38 per cent lower than the 17.01 per cent recorded in August 2021. He said […]

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Osun govt begins disbursement of N636million CBN-supported MSMEs soft loans to residents

• We’re committed to stimulating Osun economy — Oyetola Osun state Governor, Adegboyega Oyetola, on Wednesday commenced the disbursement of Six Hundred and Thirty-Six Million, One Hundred and Ninety-Five Thousand Naira (N636.195,000.00) as soft loans to the citizens and residents of the State. The initiative, which was actualised through collaboration with the Central Bank of […]

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Budget deficit rises to N20.64tn under Buhari

Budget deficit has risen to N20.64tn under the president  Muhammadu Buhari according to analysed data from the budget office. The data covered periods from 2016 to 2020. According to the budget office, more than N7.97tn was borrowed from foreign and domestic sources to fund these deficits. According to Investopedia, a budget deficit occurs when expenses […]

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FG To Borrow More To Finance N6.258trn 2022 Budget Deficit As FEC Okays N16.39 Trn Proposal

The Federal Government has revealed the plan to borrow more to finance the N6.258 trillion deficit in the proposed 2022 budget. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, announced this Wednesday after the Federal Executive Council (FEC) approved the 2022 Appropriation Bill for an aggregate expenditure of N16.39 trillion. She said […]

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Infrastructure Must Grow By 5% Annually To Boost Productivity – CBN

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said the country’s infrastructure has to grow by at least between five and seven percent for it to stimulate productivity and sustainable growth for businesses. Mr. Emefiele who was represented by the apex bank’s Director of Corporate Communication, Mr Osita Nwasinobi, made […]

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