Nigeria’s total debt in seven years outweighed the revenue generated by the Federal Government by N13.26tn,
The findings were based on data from the Central Bank of Nigeria and the Debt Management Office.
The Federal Government recorded revenue of N43.06tn between 2016 and 2022 as the country borrowed N56.32tn within the same period.
The debt included borrowing by the Federal Government and…
Vice President Kashim Shettima has assured other African countries that Nigeria would actively participate and provide leadership in the African Continental Free Trade Area.
The Vice President gave this assurance at a stakeholders’ engagement meeting held by the African…
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria.
The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of the FGN expanded in February, due…
Maritime Workers Union of Nigeria, MWUN, has directed workers to shut down all operations of shipping companies and begin an indefinite nationwide strike from Monday over a lingering dispute with shipping companies concerning the poor pay package and welfare of employees.
At a briefing, Thursday, the President-General of MWUN, Prince Adewale Adeyanju, lamented that since 2018 Organised Labour had…
Arla Foods, maker of Dano Milk has advised Nigerians to ensure a measured consumption of milk on a consistent basis as recommended by health experts.
The clarion call was made by the Dano Category Manager — Powder, Dominic Orimogunje, on the occasion of this year’s World…
The prices of imported used cars have spiked by 100 per cent in the last year, on the back of a tariff hike by the Nigeria Customs Service in 2022.
When our correspondent visited some of the car marts in Lagos, including Berger and Alimosho, it was observed that cars such as…
The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country.
The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against the upward trends that have caused panic in the…
The Central Bank of Nigeria has debunked the claim that it has devalued the naira.
A statement signed by Acting Director Corporate Communications, Isah AbdulMumin, said the dollar traded at N465/$1 contrary to reports.
The statement partly reads, “We wish to state…
Telecommunication firms have begun to phase out old Unstructured Supplementary Service Data shortcodes for new harmonised ones as directed by the Nigerian Communications Commission.
With this move, famous USSD codes such as *556# are now outdated. Customers of MTN Nigeria…
United Bank for Africa Plc has revamped the UBA Alumni Network Programme, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees.
According to the statement issued by the bank, in enhancing its initial promises, the revamped UBA Alumni Network now offers a broad range of advantages to empower ex-staff members.
UBA’s Group Managing Director…