PBA Reporter, Author at Prime Business Africa

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

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

Nigeria’s Diaspora remittance inflow, according to the World Bank, will increase to $29bn in 2022 because of higher food prices and the continued adoption of official bank channels. The lobal bank explained

PBA Reporter

3 years ago

Business

NERC Says No Hike In Electricity Tariffs

The Nigerian Electricity Regulatory Commission (NERC) has claimed that there is no hike in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect

PBA Reporter

3 years ago

REVEALED: Why UK, EU Countries, Others Reject Food, Drug Exports From Nigeria

Business

Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – Report

The value of Nigeria’s international trade deficit, according to data from the Central Bank of Nigeria, rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022. Prime

PBA Reporter

3 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

ABCON To CBN: Create Special FX Trading Window For BDCs

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to establish BDCs’ autonomous foreign exchange trading window (BAFEX) with a determined maximum daily

PBA Reporter

3 years ago

Nigeria's Inflation Rate Increases To 26.72%, AS Food Prices Soars

Business

Nigeria’s Inflation Rate Hits 8-Month High At 16.82%

The consumer price index, which measures the rate of increase in the price of goods and services, climbed to 16.82 per cent in April 2022, on the back of surging food and gas

PBA Reporter

3 years ago

Business

Nine Banks’ Non-Performing Loans Hit N814bn

Aggregate Non-Performing Loans of nine banks, according to the data obtained by Prime Business Africa, increased to N814.08bn in 2021, representing a 3.16 per cent increase from the N789.14bn reported in 2020.

PBA Reporter

3 years ago

Business

Twitter Deal Temporarily On Hold – Elon Musk

Elon Musk, the billionaire founder of Tesla Inc. and the world’s richest person, has suspended his planned $44 billion to purchase Twitter. Musk who disclosed this in a tweet on Friday said

PBA Reporter

3 years ago

Business

Buhari Signs Anti-Money Laundering Bills Into Law

President Muhammadu Buhari has signed three bills into law, to improve the country’s anti-money laundering and counter-terrorist financing framework. President Buhari assented to bills on Thursday at the Council Chamber in Abuja. The bills

PBA Reporter

3 years ago

Business

Nigerians’ Spending On Household Consumption Rises To N108tn – NBS

The National Bureau of Statistics (NBS) has disclosed that Nigerian residents spent N108.47tn on household consumption in 2021 in nominal terms. The figure is higher than the N97.72tn recorded in 2020, showing

PBA Reporter

3 years ago

Business

Russia-Ukraine War: Bread Now Too Costly For Many Africans – AfDB Boss

Akinwumi Adesina, president of the African Development Bank (AfDB), has disclosed that many Africans can no longer afford bread due to food price increases caused by the Russia-Ukraine war. Adesina explained that

PBA Reporter

3 years ago

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PBA Reporter

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

NERC Says No Hike In Electricity Tariffs

Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – Report

ABCON To CBN: Create Special FX Trading Window For BDCs

Nigeria’s Inflation Rate Hits 8-Month High At 16.82%

Nine Banks’ Non-Performing Loans Hit N814bn

Twitter Deal Temporarily On Hold – Elon Musk

Buhari Signs Anti-Money Laundering Bills Into Law

Nigerians’ Spending On Household Consumption Rises To N108tn – NBS

Russia-Ukraine War: Bread Now Too Costly For Many Africans – AfDB Boss

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