Nigeria’s Debt To IDA Hits $17 Billion – Report
Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association, with its exposure climbing to $17.1bn as of September…
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Chinese National Charged With ₦301 Million Corruption In Lagos
Lagos, Nigeria – A Chinese national, Zhengjia Jin, is currently embroiled in a high-profile corruption case in Nigeria. The Economic and Financial Crimes Commission (EFCC) has…
FG Services IMF, Others’ Debt With $1.36bn – DMO Report
The Federal Government has spent $1.36bn to service outstanding debts owed to 12 international and multilateral creditors in the first six months of 2024. This…
World Bank Uncovers $32m Missing Funds In Nigeria’s Water Project
The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’ recently released FY2024 Sanctions System Annual…
Nigeria’s Chidimma Adetshina Emerges Second At Miss Universe 2024
Nigeria’s representative, Chidimma Adetshina, has finished as the first runner-up at the 73rd Miss Universe Competition held in Mexico.The final moments of the prestigious event,…
Nigeria’s External Debt May Hit $45bn Before January
Nigeria’s external debt may rise to $45.1bn by the end of 2024 as the Federal Government advances plans to secure additional external funding. The Debt…
Tinubu Receives Indian Prime Minister Modi At Aso Rock
President Bola Tinubu has officially received Indian Prime Minister Narendra Modi at the Aso Rock Presidential Villa in Abuja. Modi, who arrived on Saturday evening,…
Nigeria’s Inflation Rate Rises To 33.8% As Food Prices’ Surge Persists
The data is captured in the NBS’ latest consumer price index (CPI) report for October published on Friday. The CPI measures the rate of change…
NNPCL Claims 1.8m Barrels Per Day Crude Oil Production
The company also stated that it is set to hit the two million barrels per day target set by President Bola Tinubu by December 2024.…
Federal Government Proposes ₦47.9 Trillion For 2025 Budget
The federal government has proposed the sum of N47.9 trillion as budget proposal for the 2025 fiscal year.Minister of Budget and Economic Planning, Atiku Bagudu,…