borrowing

A cooling U.S. economy and rising interest rates could widen the federal budget deficit, potentially undercutting the White House’s message that a shrinking budget gap under President Biden shows fiscal responsibility in a time of high inflation.The budget deficit for the 2023 fiscal year, which began Oct. 1, is expected to hold nearly steady from the last fiscal year, at more than $1 trillion, the White House and private sector economists say. That would mark a break from the just-ended fiscal year when a rise in…

The Nigerian government has announced plans to borrow N8.80 trillion to finance its budget deficit in 2023 in a move that is yet again a breach of the Fiscal Responsibility Act. President Muhammadu Buhari made this disclosure while presenting the 2023 budget to the national assembly last Friday in Abuja. The president said the new borrowing will be 4.78% of estimated Gross Domestic Product (GDP), higher than the 3 percent prescribed by the Fiscal Responsibility Act. The Act says “aggregate expenditure and the…

vitapix | E+ | Getty ImagesYour credit score can make or break your ability to open a credit card or buy a new car or home at attractive interest rates.To boost your score, you need to know where you need to improve.Keeping tabs on your credit report — which outlines your debts, bill payment history and other financial information — can help you do that.The three major credit reporting agencies — Equifax, Experian and TransUnion — recently extended the availability of free weekly credit reports to consumers through the…

Elon Musk said that Tesla is borrowing the Autopilot team for its Optimus humanoid robot project, which has a deadline at the end of the month. The CEO has said that the Tesla Bot project has become a priority. Tesla’s approach to selling Autopilot, and now its Full Self-Driving (FSD) package features before they are ready, is creating some pressure to deliver, but Tesla has missed several timelines already. CEO Elon Musk has talked about Tesla turning its fleet into 1 million “robotaxi” vehicles by the end of the…

The Debt Management Office (DMO) has reviewed its bonds issuance calendar for the third quarter of 2022. According to the revised calendar, the DMO is scheduled to raise about N720 billion through some re-opened Federal Government of Nigeria (FGN) bonds. On 19 July, the office was scheduled to re-open a March 2025 FGN bond valued at between N70 billion to N80 billion, and at an interest rate of 13.53 per cent per annum. It has a two years, eight months maturity period, with an original tenor of seven years. On…

The Rust’s ownership and borrowing might be confusing if we don't grasp what's really going on. This is particularly true when applying a previously learned programming style to a new paradigm; we call this a paradigm shift. Ownership is a novel idea, yet tricky to understand at first, but it gets easier the more we work on it. Before we go further about Rust’s ownership and borrowing, let’s first understand what “memory safety” and “memory leak” are and how programming languages deal with them. Memory safety refers to…

Vishal Chawla / The Block: Solend Labs, a “decentralized” borrowing and lending protocol on Solana, overturns a controversial vote to commandeer a whale's account and regain ~5.7M SOL — - Solend has invalidated yesterday's controversial DAO decision to take over its largest user account. Vishal Chawla / The Block: Solend Labs, a “decentralized” borrowing and lending protocol on Solana, overturns a controversial vote to commandeer a whale's account and regain ~5.7M SOL …

Danny Nelson / CoinDesk: Solend Labs, a “decentralized” borrowing and lending protocol on Solana, votes to take over an account that deposited 5.7M SOL, over 95% of the pool's deposits — Solend users voted to “grant emergency power to Solend Labs to temporarily take over the whale's account.” Danny Nelson / CoinDesk: Solend Labs, a “decentralized” borrowing and lending protocol on Solana, votes to take over an account that deposited 5.7M SOL, over 95% of the…

Congress struck a deal in December to raise the government’s debt limit to roughly $31.4 trillion. Photo: Patrick Semansky/Associated Press…

Funlola Abdulsamad’s first-hand knowledge of how women entrepreneurs could access financial support and other services came in the form of a humiliating episode at Odo Ori market in Iwo, Osun State, in 2017. Funlola Abdulsamad A trader who allegedly defaulted in the payment of her microsavings loan was forced to dance around the market with plastic and other filthy materials hung around her neck. The woman, Ms Abdulsamad told PREMIUM TIMES, was thereafter taken to Feesu bus terminus and…