Alleged Attack on the CBN Headquarters by a Group.
The Coalition of National Interest Defenders, a human rights group, alerted authorities to a new scheme to launch what it…
Year: 2023
Nigeria Debt Profile: 28 Governors Accrue N5.8 trillion in Debt.
In the midst of the current economic crisis, the minister of the Federal Capital Territory and the 28 governors of…
China Leads Nigeria’s Imports in the Q2 of 2022, while India Leads Exports.
According to data from the National Bureau of Statistics, China was Nigeria’s top import source in the second quarter of…
EU Provides Solar Grid Facility Worth $3.4 Million to 76,000 Nigerians.
The Nigerian company Okra Solar has been given permission by the European Union (EU) to utilise a $3.4 million working…
NBK Capital Holds Final Close for Shari’ah Credit Fund.
A renowned regional investment advisor, NBK Capital Partners, has announced the completion of the third-generation private credit oriented NBK Capital…
Transform Health Fund wins $50 million in commitments
The Health Finance Coalition (HFC), powered by Malaria No More, and AfricInvest pledged commitments of $50 million for the pan-African…
Amethis Invests Growth Capital into Moroccan Globex Logistics.
The Moroccan company Globex, a specialist in fast messaging, freight, and transit solutions in Morocco and sub-Saharan Africa, has acquired…
2023 Budget would Result in Unemployment and Inflation – Utomi.
According to Pat Utomi, a political economy professor and the founder of the Centre for Values in Leadership, the recently…
Ghana is Prepared to Submit a G20 Framework Debt Relief Request.
Ghana is prepared to submit a request for debt relief under the G20 Common Framework program and has asked for…
Nigeria FG Pays 2022 Contributory Pension Retirees N13.89 billion.
The Federal Government has made N13.89 billion available to pay the pensions of its employees who retired in 2022. The…
President Ruto has Stated that Kenya Will Not Miss Debt Payments.
According to President William Ruto, Kenya will not default on its debt and has plans to increase tax collection over…
Discos in Nigeria Increase the Price of Electricity Covertly, and Consumers Pay.
The rate paid by power consumers across the nation has been surreptitiously hiked by electricity distribution corporations. However, the Disco…
Nigeria to Spend $7.5 billion on Fuel Subsidies in 2023.
Regarding Fuel scarcity, the Finance Minister, Zainab Ahmed, Nigeria has set aside 3. 36 trillion naira ($7.5 billion) to continue…
Nigeria’s Debt to Hit N77tn, While Loan Servicing Will Cost N5.2tn.
Nigeria debt 2022: If the National Assembly grants the president’s request to reorganize the Ways and Means Advances, Nigeria’s public…
In 2022 Stock Market Capitalization Increased by N5.6 trillion.
Between the opening of the market on January 4, 2022, and the conclusion of business on December 30, 2022, investors…
DMO Announces 2023’s Initial Offering of FGN Savings Bonds.
The first bond issuance for 2023 has been announced by the Debt Management Office (DMO): two Federal Government of Nigeria…
EFCC Obtains N13 billion from Unauthorized Fuel Subsidy Payments.
According to information obtained by the PUNCH, the Economic and Financial Crimes Commission (EFCC) recovered almost N13 billion as the…
Buhari Requests That the N22.7 trillion Debt be Restructured.
The National Assembly was encouraged by the President, Major General Muhammadu Buhari (retired), to reconsider his plan to securitize the…
Nigerian Startups, Others Raised $5bn in 2022.
According to data from Africa: The Big Deal, startups in Nigeria and other African nations raised $4. 85 billion in…
CBN Plans to Decrease Cash-based Transactions by 2025.
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the…
Railway Debt Service Consumes N246 billion, While NRC Revenue Declines.
To pay off debts related to railroads, the federal government spent $74.25 million in 2019. Nigeria’s Idu-Kaduna Railway Modernization Project…
Buhari: N22tn Loan would have Additional Interest of N1.8tn.
The 2023 budget plan of N21.83 trillion and the 2022 supplemental appropriations bill were both passed into law by President…
Nigeria To Pay $4bln In 2023 If Lawmakers Reject Loan-bond Swap.
President Muhammadu Buhari stated that if parliament rejects a request for a loan-to-bond swap on the central bank’s overdraft to…
Nigerian President to Commission the Blue Line Rail Services.
The Nation has learned that President Muhammadu Buhari has agreed to officially open the Lagos Blue Rail on January 24,…
IMF: One-third of The Global Economy will Experience A Recession.
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This information was…
Trade Union Congress of Nigeria Demands N180/litre Fuel.
The Federal Government has been urged by the Trade Union Congress of Nigeria to make gasoline available at the 180/litre…
Mobile Subscriptions Increase by 23 million, Reaching 218 million.
According to the Nigerian Communication Commission’s most recent industry figures, the number of mobile subscriptions in Nigeria increased by 23.…
CBN External Reserves Decreased by $3.43 billion in 2022.
The Central Bank of Nigeria provided data showing a $3.43 billion decline in Nigeria’s foreign reserves in 2022. The CBN…
Nigeria: Power Generation Declines by 990MW, Costing Gencos N1.8 trillion.
According to the most recent data on the energy generating trend witnessed in Abuja, the available generation capacity in Nigeria…
Nigeria: Household Food Import Increases by 71%.
Despite the nation’s current foreign exchange crisis, food and beverage imports for households increased by 71.12% between the third quarter…