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.…
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…
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…
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…
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…
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,…
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…
EFCC Obtains N13 billion from Unauthorized Fuel Subsidy Payments.
According to information obtained by the PUNCH, the Economic and Financial Crimes Commission (EFCC) recovered…
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…
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…
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 use of…
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…
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…
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…
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…
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…
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…
Mobile Subscriptions Increase by 23 million, Reaching 218 million.
According to the Nigerian Communication Commission's most recent industry figures, the number of mobile…
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.…
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…
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%…
NECA: Private Sector Pay Reviews are Based on Performance.
Contrary to the parameters available in the public sector, wage reviews in the private sector follow institutional…
Nigeria Presidential Panels Consume N15 billion In Five Years.
According to research by The PUNCH, between 2018 and 2022, almost N14.79 billion was set aside for presidential…
Nigerian Senators Urges CBN to Annul The COVID-19 N188 billion loan.
Nigerians were provided credit during the COVID-19 pandemic to ease the challenges brought on by loss of income…
Nigeria: Economic Group Takes on The National Assembly Over The Finance Bill.
The National Assembly hasty adoption of the 2022 Finance Bill has alarmed an economic think tank, the Centre for…
World Bank: CBN Loan Repayments will Consume 62% of Revenue.
Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government's…
Banks Ban Naira Cards From Online And Point-of-Sale International Transactions.
The usage of Naira cards for international online and Point of Sale (PoS) transactions has been discontinued,…
The Way Of Water from Avatar Brings In $1 billion In Just 14 Days.
The worldwide box office for James Cameron's "Avatar: The Way of Water" has surpassed $1 billion.The combined $317…
A New PrEP Ring Cuts HIV Infection By 50%.
The Pre-Exposure Prophylaxis (PrEP) ring, also known as the dapivirine ring, can reduce HIV infection in women by…
Oil Expected To Post A Second Annual Gain To End Turbulent 2022.
Due to the conflict in the Ukraine, limited supply, a high dollar, and weaker demand from China, oil had a…