Federal Govt Won’t Seek Relief From N31tr Debt
Nigeria will not apply for debt relief to get out of its crippling N31 trillion debt burden, according to Finance,…
Category: Local
Thousands Of Nigerians Demand Police Overhaul For Sixth Day
Thousands of people across Nigeria have taken to the streets for a sixth straight day to protest against police brutality,…
African Debt: At Some Point, The Hole Becomes Just Too Big To Fill
The rapidly deteriorating financial crisis in Lebanon provides a grim preview to other developing countries of what happens when the…
UPDATE 1-Nigeria’s Police Vow To Stop Using Force Against Protesters In Wake Of Deaths
Nigeria’s police agreed to stop using force against protesters who accuse them of brutality, the presidency said on Tuesday, a…
Customs Generates N13.11 Billion From Onne Port
The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State, said it generated over N13.11 billion for the…
FGN Proposes Unprecedented Deficit To Drive Economic Recovery
2021 Budget of Economic Recovery and Resilience President Muhammadu Buhari presented the 2021 proposed budget, titled the Budget of Economic…
Protesters Invade Police Station, Release Kidnap Suspects
The protest turned violent in the Surulere area of Lagos as protesters besieged the Anti Kidnapping Unit of the Command,…
Nigeria’s 2021 Budget Of Economic Recovery And Resilience
Following the approval of the 2021 – 2023 Medium-Term Expenditure Framework and Fiscal Strategy Paper, President Buhari has presented the…
Leverage Agriculture To Boost Foreign Exchange Earnings, NBCC President Advises
President of the Nigerian-Belgium Chamber of Commerce (NBCC), Timi Austen-Peters, has said that the potential in the agriculture sector can…
FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project
Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended…
FG Extends Suspension Of New Electricity Tariff By One Week
The federal government and the organised labour last night resolved to extend the suspension of the new electricity tariffs by…
Retirement Age Increase Worsens Youth Unemployment –ABCON
The Association of Bureaux De Change Operators of Nigeria has cautioned the government against increasing the retirement age. ABCON stated that…
Nigeria Imports Paper Worth N3tn Annually
The President/Chairman in Council, Chartered Institute of Professional Printers of Nigeria, Olugbemi Malomo, in this interview with NIKE POPOOLA, speaks…
AfCFTA Take-Off: Nigeria Remains Most Sought-After Bride
Ahead of the planned takeoff of the much hyped African Continental Free Trade Agreement (AfCFTA) in January 2021, for the…
Nigeria At 60: Whither The Capital Market?
Not unmindful of the floatation of a development stock by the Colonial government in 1946, the doors of a formal…
SARS Ban: Nigeria Abolishes Loathed Federal Special Police Unit
Nigeria has dissolved the special police force at the centre of protests against police brutality. The government said a special…
Nigeria Cherry-Picks Airlines
Nigeria has granted daily traffic rights to British Airways, Virgin Atlantic, and Turkish Airlines, while continuing to ban other European…
NEPC, Operators Seek National Carrier To Boost Non-Oil Export
While building the capacity of non-oil exporters is key for market penetration, the country needs a national carrier to further…
FEC Approves $3.02bn Port Harcourt/Maiduguri Railway Project
The Federal Executive Council (FEC) has given the go-ahead for the rehabilitation and reconstruction of the Port Harcourt-Maiduguri Eastern Narrow…
Senate Probes CBN, NNPC, DPR, Others Over Crude Oil Exports Account
The Senate has launched investigation into the activities of the Central Bank of Nigeria (CBN), the Nigeria National Petroleum Corporation…
Worries Over $2b Forex Demand Backlog – Nigeria
Fitch Ratings has expressed concerns about the state of the naira and rising forex demand backlog estimated at $2 billion.…
Nigeria’s Foreign Borrowings Surge By Over 400% In 10 Years
Nigeria’s foreign borrowing in the past 10 years has ballooned more than five-folds, an analysis by TheCable has shown. Nigeria,…
Nigerian Police Personnel Banned From Searching Phones, Laptops
Nigeria’s Inspector general of police Mohammed Adamu on Sunday banned personnel of the police from indiscriminate searching of mobile phones…
$10 Billion Is Lost Annually To Illegal Fishing
The Minister for Transportation, Mr. Rotimi Amechi, has revealed that US$10 billion is lost annually to illegal fishing, stating that…
Record-Breaking $86bn Debt Leaves Nigerians Stunned
Nigeria’s debt of $85.9 billion, the highest in history, has become the talking point even as the country celebrates its…
CBN: Nigeria’s Foreign Reserve To Drop Below $34.3bn By December
The Central Bank of Nigeria (CBN) says Nigeria’s foreign reserves will drop below $34.3 billion by the end of December…
€85 Mn Of Cargo Thefts From Supply Chains In EMEA In H1 2020: TAPA
Over €85 million of products were stolen from air, road, sea and rail freight supply chains in 46 countries in…
NSE Set To Launch West Africa’s First Exchange Traded Derivatives
There are indications that the launch of West Africa’s first Exchange Traded Derivatives (ETDs) on the Nigerian Stock Exchange, NSE…
Nigeria Accounts For 80% Capital Flight In West Africa
The United Nations Conference on Trade and Development has released a report decrying the illicit financial flows from Africa, saying…
Why Nigeria Must Restructure Or Risk Breakup
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has advised the Federal Government to give…