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Experts fault CBN gov, NESG says N60bn printing not sustainable
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BoI grows assets by 78 8% to N1 86tn - Punch Newspapers
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Cement manufacturers closing 40% supply gap
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Rising debt: DMO blames COVID-19, experts say borrowing from CBN dangerous
Everest Amaefule, Nike Popoola, Femi Asu, Okechukwu Nnodim and Temiloluwa O’Peters
Published 3:47 am
Everest Amaefule, Nike Popoola, Femi Asu, Okechukwu Nnodim and Temiloluwa O’Peters
Published 3:47 am
Nigeria’s debt profile has been on the increase because of the impact of revenue crash and the crises trailing the coronavirus pandemic on the economy, the Debt Management Office has said.
However, some economists and experts have warned of the dangers of continued borrowing from the Central Bank of Nigeria by the Federal Government.
Both the DMO and experts were responding to questions posed by our correspondents following the claim by the Edo State Governor, Godwin Obaseki, that the country printed N60bn to augment what the three tiers of government shared in March.
Tata introduces five-year warranty on vehicles
Temiloluwa O’Peters
Published 12:17 am
Tata International Nigeria has introduced a warranty of five years on its entire medium, heavy and extra heavy commercial vehicle range.
According to a statement issued by the company on Tuesday, the five-year warranty applies to all Tata and Daewoo commercial vehicles first registered on or after January 1.
The Chief Executive Officer of Tata International Africa, Len Brand, said the five-year driveline warranty reinforced the company’s commitment to enhancing the customer ownership experience.
He said, “Given Africa’s harsh and varied terrains, this new warranty goes a long way towards Tata International Africa’s pursuit of offering enhanced lifecycle benefits to its customers.