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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Give Terrorists Death Penalty, Not Life Jail- MURIC
The Muslim Rights Concern, MURIC, has rejected the recent life sentence given to two convicted terrorists and called for capital punishment. In a statement on Wednesday, MURIC’s Executive Director, Professor Ishaq Akintola,
Reps To Document Xenophobic Losses, Seek Compensation For Nigerians
The House of Representatives has resolved to document and quantify losses suffered by Nigerians in repeated xenophobic attacks in South Africa. The House explained that the move is aimed at pursuing compensation
Nigeria Urges AU To Stop Illicit Funds Fueling Terrorism
Nigeria has urged the African Union and member states to intensify the fight against illicit financial flows fueling terrorism across the continent. Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, said this on
NESG Chairman Urges Commitment To Sustainable Development
The Chairman of the Nigerian Economic Summit Group Board, Mr. Niyi Yusuf, has urged stakeholders to remain committed to NESG’s mission of promoting sustainable development. Speaking at the Group’s 2026 Annual General
FG Issues N729bn Bond, Pays N333bn To GenCos To Settle Power Debts
The Federal Government has paid about N333 billion to eight electricity generation companies in the country. It has also launched a new N729 billion bond to clear more debts in the power
Tegbe Ends Power Sector Dispute, Unlocks 1.55 Million Smart Meters
The Minister of Power, Chief Joseph Tegbe, has resolved a dispute that stalled the rollout of 1.55 million smart meters nationwide. He convened a high-level meeting with the Association of Meter Manufacturers
ECOWAS Inks Agreement To Push $30bn Africa Gas Pipeline Project
Leaders of the Economic Community of West African Stated have signed a deal to fast-track the $30 billion Africa Atlantic Gas Pipeline (AAGP) Project. Signed at the ECOWAS Summit in Freetown, the
FCTA Threatens To Sue AEDC Over Defamatory Claims
The Federal Capital Territory Administration, FCTA, has threatened to sue the Abuja Electricity Distribution Company, AEDC, over what it called defamatory claims. In a statement by Acting Director, Department of Development Control,
REA Commences Work On 1.5MW Mini-Grid In Plateau
The Rural Electrification Agency, REA, Tuesday performed the groundbreaking for a 1.5MW Interconnected Mini-Grid project in Pankshin, Plateau State. The project is billed to boost electricity access in the area. The development
CBN Justifies FX Reforms, Pushes For Competitive Naira
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Tuesday defended the apex bank’s foreign exchange reforms, saying Nigeria now operates a transparent and functional foreign exchange market. He said
