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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22 Offshore Projects To Fetch Nigeria $30bn Investments – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, says 22 major offshore projects are expected to attract between $30bn and $50 billion in investments into Nigeria between 2026 and 2030. The Commission Chief
2027: Accord Party Candidate Withdraws, Endorses Tinubu For Second Term
Former Accord Party presidential candidate, Prof. Christopher Imumolen, has withdrawn from the 2027 presidential race and endorsed President Bola Ahmed Tinubu for a second term. In a statement issued on Wednesday in
EFCC Stops N11bn Transfers, Freezes Osun State Government Account
The Economic and Financial Crimes Commission, EFCC, has frozen the bank account of the Osun State government to halt the transfer of N11 billion in public funds. The Commission disclosed this on
NESG Appoints Dr Nonny Ugboma As Executive Director, Policy & Chief Summit Officer
The Nigerian Economic Summit Group, NESG, has appointed Dr Nonny Patricia Ugboma as Executive Director, Policy and Programmes and Chief Summit Officer. Her appointment took effect on Monday, August 3, 2026, following
FG Unveils 13.92MW Solar Mini-Grids In Yobe
The Federal Government has commenced the construction of 13.92 megawatt-peak interconnected hybrid solar mini-grid projects across five strategic locations in Yobe State. The groundbreaking ceremony was held on Wednesday, in Damaturu, Bade,
Immigration Arrests Burkinabé Kingpin, 11 Others, Rescues 2
The Nigeria Immigration Service has arrested a Burkinabé national, Ouattra Adama, identified as the alleged leader of a transnational crime syndicate linked to QNET/IGNITE, and 11 suspected facilitators. Two victims were also
5 Federal Workers Get N31m Compensation Over Workplace Injuries
The Nigeria Social Insurance Trust Fund on Tuesday presented the first compensation cheques worth N31,720,570.50 directly to five beneficiaries from treasury-funded Ministries, Departments and Agencies. The gesture came fifteen years after the
Nigeria’s Forex Reserves Hit $52.5bn, 17-Year High
Nigeria has recorded its strongest external reserve position in 17 years after reserves crossed the $52.5 billion mark. The figure, announced by the Central Bank of Nigeria on Tuesday, is also above
DisCos Lose N76bn In May- NERC
Electricity Distribution Companies failed to bill ₦76.08 billion worth of energy in May 2026, the Nigerian Electricity Regulatory Commission has revealed. According to NERC’s Commercial Performance Factsheet, power distribution companies received electricity
Tinubu Raises Armed Forces Wage Bill To N924bn With 80% Pay Hike
President Bola Tinubu has approved salary increases of between 30 and 80 per cent for personnel of Nigeria’s Armed Forces, raising the annual wage bill from N660 billion to N924 billion. The
