Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
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Atiku Challenges FG Over ₦501bn Gencos Bond
Former Vice President, Atiku Abubakar, is seeking comprehensive audit of power sector intervention funds, faulting the Federal Government’s claim that it has substantially settled debts owed to electricity generation companies. In a
Gombe ADC Faction Names Chris Uba Presidential Candidate, Rejects Atiku
The Nafiu Bala Gombe-led faction of the African Democratic Congress, ADC, has declared Prof. Chris Uba as its presidential candidate for the 2027 elections. It said former Vice President Atiku Abubakar “is
The Day Credit Turns Against Us
By Abidemi Adebamiwa First Lady Oluremi Tinubu’s comment about grants helping people start small businesses like akara, roasted corn, and kuli-kuli has sparked debate. Some people see the examples as too small
Why CBN Revoked Licences Of 46 Microfinance Banks
The Central Bank of Nigeria says it revoked the operating licences of 46 microfinance banks across the country on account of persistent regulatory breaches and failure to meet requirements for continued operation.
ICPC, PenCom Recover ₦3bn From Pension Defaulters In Power Sector
Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered over ₦3 billion in unremitted pension contributions from defaulting employers in the electricity sector. The
Labour Faults Plan To Sell 120 FG Colleges To Private Investors
Labour has faulted fresh plans to concession Federal Government Colleges to private business interests, warning that the act will destroy the Unity School system. The Association of Senior Civil Servants of Nigeria,
Sahara Group Appoints Soetan To Lead Arahas’ Africa Oilfield Transformation
Sahara Group has appointed Folake Soetan as Managing Director of Arahas Global Oilfield Services from July 1, 2026. She will lead the company’s subsidiary’s transformation push under Sahara’s Beyond XXX agenda, which
79,323 Killed, 34,773 Abducted in Nigeria’s Terror Violence In Six Years -Report
A six-year investigation by the Observatory for Religious Freedom in Africa, ORFA, has reported that 79,323 people were killed and 34,773 civilians were abducted in terrorism-related violence in Nigeria between 2020 and
Lagos Police Arrest 5 Suspected Aye Cultists, Recover 500 SIM Cards, Arms
The Lagos State Police Command has arrested five suspected members of the Aye Confraternity. The Police Public Relations Officer, SP Abimbola Adebisi, said the suspects were arrested during an intelligence-led stop-and-search operation
Insecurity: Diri Removes Swali Paramount Ruler
Bayelsa Governor, Sen. Douye Diri, has removed Chief Wilcox Job Seiyefa as the paramount ruler of Swali Community. Announcing the decision on Tuesday, Deputy Governor Dr. Lawrence Ewhrudjakpo said the removal was
