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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NDIC Upscales Efforts To Compensate Depositors Of Defunct Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has reassured depositors of the defunct Heritage Bank that significant progress has been made to reimburse insured deposits, following the revocation of the bank’s license by
Suspension Of Crude-For-Naira Deal Threat To Local Refineries-NESG
Nigerian Economic Summit Group (NESG) says the federal government’s failure to extend the crude-for-naira deal could undermine the incentives that enabled local refining success in the country. It could also derail the
Fuel Subsidy Removal Stays, Tinubu Insists
Nigeria had reached a point of no return on the removal of fuel subsidy, President Bola Tinubu,has said. He spoke at a special Iftar held in his honour at the Presidential Villa
MRS Oil Explains Exit From NGX
MRS Oil has concluded arrangements for the voluntary delisting of all its issued shares from the Nigerian Exchange Ltd. (NGX) and later admission to the NASD OTC Securities Exchange. Its decision was
Why Nigeria Must Sustain 2.2mbpd Oil Output-NESG
Nigeria must maintain crude oil production at 2.2 million barrels per day (bpd) to ensure the viability of the 2025 budget and stabilise the nation’s economy, the Nigeria Economic Summit Group (NESG),has
Tinubu’s Adminstration Has Strengthened Power Sector-Adelabu
Minister of Power, Chief Adebayo Adelabu, has commended President Bola Tinubu’s focus on the power sector, noting significant improvements in electricity generation, transmission, and distribution, which have positively impacted businesses and households
Tinubu Signs Investments And Securities Bill 2025 Into Law
President Ahmed Bola Tinubu, has signed intol law the Investments and Securities Bill (ISB) 2025, which repeals the Investments and Securities Act No. 29 of 2007 and enacts the Investments and Securities
Ebonyi Community Launches Manhunt For Voodoo Native Doctors, Razes Shrines
Ngbo community in Ohaukwu local government area of Ebonyi State,has launched manhunt for native doctors,’ Ezenwanyi’,suspected to be combining church services and voodoo. The exercise is labelled,Nzacha na Nkpocha (cleansing) of the
Fubara To Ex-Head Of Service:You’ve Been Bribed To Lie
The suspended governor of Rivers state, Siminalayi Fubara,has punctured the allegations made against him by George Nwaeke, the former head of service in the state, saying they were done either because he
Egbema Power Plant 60% Completed-Reps
The Chairman of the House of Representative Committee on Power, Hon. Victor Nwokolo,has said that 60percent of the work on Egbema Power Plant has been completed, bringing the project closer to commissioning. He
