Nigeria’s total public debt stock hits N46.25trn in Q4 2022 – NBS
Nigeria’s total public debt stock consisting of domestic and external debt stocks of the Federal Government of Nigeria, the 36 State Governments and the Federal Capital Territory hit N46.25 trillion or 103.11 billion dollars inn Q4 2022. The National Bureau of Statistics (NBS) made this known on Friday in its Nigerian Domestic and Foreign Debt […]
FCMB completes N20.686bn bonds
The FCMB Group Plc has successfully completed the issuance of a N20,686,000,000 Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds (AT1) under its N300,000,000,000 Debt Issuance Programme.
Banks’ borrowing from CBN falls 14% to N453.7bn
Banks’ borrowings from the Central Bank of Nigeria (CBN) Standing Lending Facility (SLF) fell month-on-month (MoM) by 14 percent to N453.7 billion in February from N528.15 billion in January 2023.
Vanguard findings from the CBN’s Financial Data for January and February 2023, however, showed that banks’ deposits in the apex bank’s Standing Deposit Facility, SDF, rose by same margin (14 percent) to N668.86 billion in February 2023 from N584.79 billion in January 2023
Amazon mulls fresh job cuts, 9,000 more to go
Amazon CEO Andy Jassy said Monday he was cutting 9,000 more jobs from the online retail giant’s workforce, following the 18,000 that were axed in January.
Interswitch, Nairametrics win EY 2023 Entrepreneur Awards
. ..Interswitch to represent Nigeria in Monaco By Peter Egwuatu THE Group Managing Director of Interswitch, Mr Mitchell Elegbe and Founder/Chief Analyst, Nairametrics Financial Advocate Limited,Mr Ugodre Obi-Chukwu, have won the Ernst & Young, EY Entrepreneur of the Year Awards 2023 West Africa. Elegbe, won the Master Category at the finalists Awards held on Thursday night […]
Stock investors realign portfolios ahead of MPC outcome
Selling pressure and profit taking characterised the equities market last week as investors continued to realign portfolios ahead of the Central Bank of Nigeria, CBN’s, Monetary Policy Committee, MPC, meeting which will commence today.
