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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NDDC, REA Sign Actionable MoU To Electrify Niger Delta
The Niger Delta Development Commission, NDDC, has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency, REA, to boost electricity in the Niger Delta region. Speaking during the partnership agreement
Olubadan Tightens Grip On Land Grabbers, Hands Over Suspect To DSS
The Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja,has surrendered a land grabbing suspect to the Oyo State Directorate of State Security Service, (DSS) in an aggressive fight against the act. His media aide
Inside Nigeria’s Telecom Exploitation Crisis Draining Household Budgets
By Blaise Udunze For about a year now, millions of Nigerians relying on the internet to make a living have been groaning over the manipulation of airtime and data consumption that has
Saboteurs Behind Attacks On Our MD-NSITF
Saboteurs who are unhappy about the ongoing reforms in the Nigerian Safety Insurance Trust Fund are responsible for the recent malicious attacks on the Managing Director of the Fund, Barrister Oluwaseun Faleye,
CAC Drags 263 Fake Firms To EFCC, Hands 3 Staff To ICPC For Corruption
The Corporate Affairs Commission (CAC), has forwarded 263 suspected fake company registrations to the Economic and Financial Crimes Commission (EFCC) for investigation and possible prosecution. Besides, the Commission has handed over three
Nigeria, Others Propel Africa’s Oil, Gas Investment To $50B
Africa expects to attract between $48 billion and $50 billion energy investment from the $520 billion projected in worldwide capital investment this year, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has
Power Crisis: Reps Probe Gas Supply Shortages To GenCos
The House of Representatives Ad-hoc Committee investigating power sector reforms and expenditure between 2006 and 2024 has constituted a seven-man sub-committee to conduct a forensic audit of gas supplied to power plants
CBN Approves $150k Weekly Forex Sale To BDCs
The Central Bank of Nigeria (CBN) has authorized the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM) in order to improve foreign exchange liquidity in
Dangote Drops Petrol Price To N774/ Litre
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit by N25 per litre,slashing its ex-depot/gantry rate from N799 to N774 per litre. The refinery conveyed the price slash to marketers
Court Freezes Osun LG Funds in UBA, Upholds Arrest Order For Bank Staff
A Magistrate Court sitting in Osogbo, Osun State, has barred the United Bank for Africa (UBA) from releasing or handling local government funds on behalf of individuals identified as members of the
