Business Herald articles

Inflation Vs Growth

The Director General of Debt Management Office, Abraham Nwankwo, said recently that the long-awaited inflation-indexed bonds will finally be issued this year to meet some portion of the N577 billion domestic borrowing to finance the budget deficit. Inflation-indexed bonds, also known as inflation-linked bonds, are bonds where the principal is indexed to inflation. They are

Nigeria sells 21 billion naira in bonds yields rise

Nigeria sold 21.05 billion naira ($131.56 million) worth of bonds with maturities ranging from five to 20 years and all with higher yields at a Wednesday auction, data from the Debt Management Office (DMO) showed on Thursday. All notes were re-opening of previously issued bonds, and the DMO sold only a quarter of the amount

Breaking News: BOKO HARAM Announces cease Fire! …The arrest and prosecution of ex-Gov Ali Modu Sheriff is part of their condition

By Tukur Mamu In a surprise development that may end the persistent uprising that has resulted in the killing of innocent people and destruction of property worth billions of naira in the last three years in north eastern part of Nigeria, the radical Islamic sect Boko Haram whose operations have crippled the economy of Borno

The Paradox of Growing Nigeria’s Real Sector

With the global economy in a recession and the lingering eurozone debt crisis and political stalemate, the Nigerian economy has weathered the storm, but for how long? There’s general consensus that the high incidence of poverty and unemployment is inconsistent with a numerically growing economy: above 7 percent GDP growth over the last decade but