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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Buhari Seeks Stiffer Control Against Small Arms
President Muhammadu Buhari has put in place some measures to ensure a stiffer control against proliferation of small arms and light weapons in the country. He sent executive Bill to the Senate
Nigeria To Spend $75bn On E-Commerce
The Federal Government says that the current e-commerce spending in Nigeria is estimated at $13billion per annum. Dr. Evelyn Ngige, Permanent Secretary in the Federal Ministry of Industry, Trade and Investment, who
ExxonMobil Paid N67.5bn To NDDC In 19Years
ExxonMobil, operators of NNPC/MPN Joint Venture has remitted the sum of N67.5billion to the Niger Delta Development Commission in the last 19 years. The Communications Manager of the company,Mr Ogechukwu Udeagha,disclosed this during
Lagos Govt Inks MoU With FMDQ Group, FSD Africa
Lagos State has activated the framework for the unlocking of the $1 trillion Nigerian Green Bond Market Development Programme to finance key infrastructure projects. The state Governor Babajide Sanwo-Olu signed signed Memorandum of Understanding
Buhari, PDP Clash Over Fresh $4bn, €710m, $250m Loans
President Muhammadu Buhari and the Peoples Democratic Party(PDP) have clashed over the fresh loans Nigeria intends to borrow outside the shores of the land. Buhari, had yesterday requested the Senate’s mid to
Kogi, Oyo Akwa Ibom Record Highest Inflation-NBS
Nigeria’s headline Consumer Price Index (CPI) in August 2021 rose by 17.01 percent year on year from 17.38 per cent in July 2021, a report by the National Bureau of Statistics (NBS)
CBN To Launch N15trn Infrastructure Fund Next Month
The Central Bank of Nigeria,says InfraCorp Plc, the N15trillion Infrastructure Fund which will boost funding for capital projects, will be launched in October. The CBN Governor, Godwin Emefiele, who disclosed this in
Niger,Banks Lock Horns Over Alleged N456.7m Unpaid Tax Liability.
Niger State Government and some commercial banks in the state are currently at loggerheads over the ongoing strike by the latter on account of alleged N456.7 million unpaid tax liability. Last week,the Niger
Politicians, Private Jet Owners Fueling Gold Smuggling In Nigeria-Minister
The Minister of State for Mines and Steel Development, Uche Ogah, has accused has accused owners of private jets in the country aid the smuggling of illegally mined gold from parts of Nigeria.
Govt.Agencies,Smugglers Are Business Partners-Customs
The Nigeria Customs Service (NCS) has lamented the spate of smuggling in Nigeria,saying the act is unabated because government Ministries, Departments and Agencies (MDAs) patronize smugglers by purchasing vehicles smuggled in the
