Business - Page 634

DMO Offers 10-Year N250bn Sukuk For Subscription

The Debt Management Office (DMO) has disclosed that it is offering a 10-year N250 billion road Sukuk instrument at a rental rate of 12.80 percent per annum, payable half-yearly. The offer at

PBA Reporter

December 17, 2021

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

World Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria

The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria. The Nigeria Governors’ Forum disclosed this in

PBA Reporter

December 17, 2021

Business

UK Lifts Suspension On Processing Of Visitor Visa Applications From Nigeria

The United Kingdom (UK) has lifted the pause on processing visitor visas in all countries previously on the red list, including Nigeria. The UK Visas & Immigration (UKVI) announced this in a statement

PBA Reporter

December 16, 2021

Business

Terminate Passport Production Contract With Foreign Firm – Reps Tell FG

The House of Representatives has condemned a situation where over 70 per cent of Nigerian embassies, high commissions and other foreign missions have received zero allocation for capital expenditure over the years.

PBA Reporter

December 16, 2021

Business

FG Debt Servicing Gulps N2.49tn In Nine Months – DMO

Nigeria, the Debt Management Office, spent N2.49tn on debt servicing payments in the first nine months of 2021. Between January and March 2021, Nigeria spent N612.71bn on domestic debt servicing, while it

PBA Reporter

December 16, 2021

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 - Report

Business

Food Prices Continue To Soar As Inflation Dropped in November

The inflation rate in Nigeria, according to the National Bureau of Statistics (NBS), fell in November to 15.40 per cent (year-on-year), the lowest since December last year. The NBS, in its Consumer

PBA Reporter

December 16, 2021

Business

Omicron: Why We Removed Nigeria From Travel Red List – UK

The British High Commissioner to Nigeria, Catriona Laing, has disclosed that the United Kingdom removed Nigeria from its travel red list based on “scientific and public health data”. Laing who disclosed this

PBA Reporter

December 15, 2021

Business

Nigeria Secures $210m AfDB Loan To Boost Agricultural Sector

The African Development Bank’s Board of Directors has announced the approval of a $210m loan for Nigeria’s Special Agro-Industrial Processing Zones, which it said would boost the agricultural sector. The AfDB, in

PBA Reporter

December 15, 2021

Business

Nigeria’s Debt Rises By N2.54tn In Three Months – DMO

The Debt Management Office (DMO) on Tuesday, December 14, announced that Nigeria’s public debt was N38.005tn as of the end of the third quarter of 2021. DMO, in a statement titled, ‘total

PBA Reporter

December 15, 2021

Business

FG Hints On Imposing New Taxes, Tariffs, Gives Reasons

The federal government has hinted on introducing new taxes, tariffs and levies as part of measures to shore up its revenue. The Minister of Finance, Budget and National Planning, Zainab Ahmed, at

PBA Reporter

December 14, 2021

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Business - Page 634

DMO Offers 10-Year N250bn Sukuk For Subscription

World Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria

UK Lifts Suspension On Processing Of Visitor Visa Applications From Nigeria

Terminate Passport Production Contract With Foreign Firm – Reps Tell FG

FG Debt Servicing Gulps N2.49tn In Nine Months – DMO

Food Prices Continue To Soar As Inflation Dropped in November

Omicron: Why We Removed Nigeria From Travel Red List – UK

Nigeria Secures $210m AfDB Loan To Boost Agricultural Sector

Nigeria’s Debt Rises By N2.54tn In Three Months – DMO

FG Hints On Imposing New Taxes, Tariffs, Gives Reasons

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