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IMF Proposes Strategies To Tackle Fiscal Deficit, Seeks Safeguards To Protect Poor Households From Economic Uncertainties

WASHINGTON D.C: The International Monetary Fund on Wednesday called on all countries to closely align their fiscal and monetary policies to combat inflation and...
Business

FG Borrows Additional N3.77trn From CBN As Credit Hits N28.43trn

The Nigerian Government has borrowed an additional N3.77trn from the Central Bank of Nigeria as of February 2023.Credit to the FG through ways and...
Business

FG Woos Bond Investors With Higher Interest Rates Amid Moody’s Downgrade

The Debt Management Office (DMO) has increased the rates on FGN Savings Bond, a move to attract domestic investors who are now cautious of...
Business

Nigeria Spent 41% Of 2022 Revenue On Debt Service — Finance Minister

The federal government spent 41 per cent of the revenue generated in 2022 to service its N44.06trn debt, the Minister of Finance, Budget and...
Business

FG’s High Debt Exposure Forces US-Based Rating Agency To Downgrade UBA, First Bank, Seven Others

The debt exposure of the Federal Government has forced Moody’s Investors to downgrade the rating of nine Nigerian banks.The US-based rating agency downgraded long-term...
Business

Moody’s downgrades Nigerian banks’ rating

The United States-based rating firm, Moody’s Investors Service, has downgraded the long-term deposit ratings, issuer ratings, and senior unsecured debt ratings for banks in...
Business

FG’s N22trn Ways And Means Borrowing From CBN Forces Moody’s To Downgrade Nigeria’s Credit Worthiness To Very High Risk

Nigeria’s debt rating has been downgraded by United States-based Moody’s investors over the country’s revenue woes and excessive funding through the Central Banks’ ways and means.Moody’s...

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