₦airaland Forum

Nigeria’s fiscal management has been under scrutiny in recent years, and concerns about the country’s rising debt levels have been at the forefront of economic discussions. In the first quarter of 2023, the Federal Government borrowed a staggering N1.83tn from the Central Bank of Nigeria (CBN) through Ways and Means Advances, further ...........

https://ratecaptain.com/exploring-nigerias-rising-debt-the-impact-of-federal-government-borrowing-from-the-central-bank/

According to the recently released Consumer Price Index report by the National Bureau of Statistics (NBS), Nigeria’s inflation rate climbed to 22.79% in June 2023, marking a 0.38% point increase compared to the previous month’s rate of 22.41%.

On a year-on-year basis, the headline inflation rate was 4.19% points higher than the rate recorded in...........

https://ratecaptain.com/nigerias-inflation-rate-rises-to-22-79-in-june-2023/

In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to revise the Cash Reserve Ratio (CRR) for merchant banks. The CRR has been reduced from 32.5 percent to 10 percent, marking a substantial shift from the previous policy.

This revision was disclosed by Haruna Mustafa, the director of banking supervision, in...........

https://ratecaptain.com/cbn-revises-cash-reserve-ratio-for-merchant-banks-slashing-it-to-10/

Gold prices experienced a slight decline on Friday after a five-day rally, as expectations of a pause in U.S. interest rate hikes weighed on the precious metal. However, gold is still on track for its largest weekly gain since April.

Spot gold slipped by 0.2% to $1,955.90 per ounce as of 0952 GMT, although it has registered a 1.6% increase for .......

https://ratecaptain.com/gold-set-for-best-week-in-14-on-expected-pause-in-fed-rate-hikes/

President Bola Tinubu expressed his determination to reclaim Nigeria from vested interests that have hindered its progress during a meeting with All Progressives Congress (APC) Women Leaders from the 36 states and the Federal Capital Territory. Led by Betta Edu, the APC National Woman Leader, the group convened in Abuja.

President Tinubu emphasized his administration’s commitment to addressing critical issues such as security, healthcare, and industrialization. These areas will be.......

https://ratecaptain.com/president-tinubu-vows-to-recover-nigeria-from-vested-interests/

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have criticized President Bola Tinubu’s proposed N500 billion palliative in response to the fuel subsidy removal. They argue that the amount is grossly inadequate to alleviate the hardships faced by workers. The labor unions are demanding a 300% salary increase to help workers cope with the economic challenges resulting from the subsidy removal.

President Tinubu sent a letter to the House of Representatives seeking.........

https://ratecaptain.com/nlc-demands-300-salary-increase-from-fg/

Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil Corporation, is calling for applications for its highly esteemed Apprentice Training Program (ATP) for the year 2023. The program, which spans a duration of............

https://ratecaptain.com/exxonmobils-announces-2023-apprentice-training-program/

The Nigerian government recently released the latest figures on its external debt stock as of March 31, 2023. The grand total of Nigeria’s external debt stock stands at $42,671.70 million, encompassing debts from various sources. The report provides a comprehensive breakdown of the country’s debt, highlighting.......

https://ratecaptain.com/nigerias-external-debt-stock-hits-42671-70-million-a-breakdown-of-lateral-and-bilateral-debts/