Telecom Giants Owe N1.69 Trillion Debt to Banks
Nigerian telecom companies collectively owed banks a substantial N1.69 trillion as of September 2024, according to the latest Central Bank of Nigeria (CBN) report. The telecom debt is a decline…
Nigerian telecom companies collectively owed banks a substantial N1.69 trillion as of September 2024, according to the latest Central Bank of Nigeria (CBN) report. The telecom debt is a decline…
The September 2024 Business Expectations Survey (BES) paints a bleak picture for Nigeria’s manufacturing sector. The survey, conducted jointly by the Central Bank of Nigeria (CBN) and the National Bureau…
Nigeria faces a growing challenge in managing its debt, with a significant portion of government revenue projected to be swallowed by interest payments in 2024. This concerning outlook comes from…
Nigeria faces a persistent battle against inflation, and the Central Bank Governor, Olayemi Cardoso, is advocating for a continuation of the current high interest rate policy. This decision, outlined in…