Economy
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Former Labour Party presidential candidate Peter Obi has raised alarm over Nigeria’s rapidly increasing debt burden, warning that the country’s total public debt may surpass ₦200 trillion by the end of 2025. In a statement released via his official X (formerly Twitter) handle, Obi criticised the Federal Government’s continued borrowing, describing it as fiscally reckless and unsustainable, with […]
The Governor of Edo State, Monday Okpebholo, has suspended his Special Adviser on Oil and Gas, Felix Osemwengie Isere, for alleged unauthorised fundraising over an upcoming oil and has summit in the state. The suspension was announced in a statement issued by the Secretary to the State Government, Umar Ikhilor, on Tuesday in Benin. The […]
Governor Umaru Bago has extended his deep condolences to the people of Shiroro Local Government Area over the recent boat mishap that occurred en route to the Zumba community market, resulting in the loss of many lives and the destruction of goods. In a condolence message through his Chief Press Secretary, Bologi Ibrahim, the governor […]
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has revealed that the Economic Community of West African States (ECOWAS) and the African Union (AU) don’t have solutions to the problems facing the African continent. In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele stated that there are numerous issues plaguing […]
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says West African countries will sign harmonised refinery regulatory agreements in the fourth quarter of 2025, to realise its refinery hub goals. Prof. Zainab Gobir, Executive Director in charge of Economic Regulations and Strategic Planning, NMDPRA, said this on Wednesday in Abuja, while presenting the outcome of […]
The House of Representatives has indicted 31 Ministries, Departments, and Agencies (MDAs) for financial irregularities and violations of public finance regulations, based on findings from the Auditor-General’s reports for the 2019 and 2020 fiscal years. Acting on the recommendations of its Public Accounts Committee (PAC), the House directed the Economic and Financial Crimes Commission (EFCC), […]
The United Nations World Food Programme (WFP) has said that it will be forced to suspend all emergency food and nutrition aid for 1.3 million people in northeast Nigeria at the end of July. A Wednesday statement by the UN said the decision was due to critical funding shortfalls, which come at a time of […]
Power commissioners from Nigeria’s 36 states have announced their readiness to engage electricity distribution companies (Discos) on fair and locally reflective tariffs, following the recent reduction of Band A electricity rates in Enugu from ₦209/kWh to ₦160/kWh. The move by the Enugu Electricity Regulatory Commission (EERC) sparked pushback from both power generation companies (Gencos) […]
The Federal Government has completed its first five-year implementation review of the African Continental Free Trade Area, marking a critical step in Nigeria’s quest to unlock the full benefits of intra-African trade and position the country as a regional economic powerhouse. The assessment, which aligns with Article 28 of the AfCFTA Agreement, evaluates Nigeria’s progress […]
Tokyo’s Nikkei index surged more than three percent on Wednesday, hitting a one-year high after Japan and the United States struck a long-anticipated trade agreement that eased tariffs on key goods, including automobiles. The breakthrough, announced Tuesday by former US President Donald Trump, includes a reduction in tariffs on Japanese goods to 15 percent from […]
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