Federal Republic Of Nigeria
FG spent 47% of 2024 budget expenditure on debt servicing in 9 months
Analysis is showing that the federal government spent almost half its 2024 budgets on debt servicing. Also, money spent on debts is 147% more than the revenue.
NUPRC, NMDPRA in hot waters as audit detects unexplained N313 billion
Audit report from the office of the auditor general has revealed unaccounted sums amounting to N313 billion, under these two petroleum industry regulators
Investors abandon Nigeria, pick another African country with $2.2 billion investment
Startup investors choose Kenya over Nigeria in 2024 as Africa attracted about $2,2 billion in investment funding in 2024 from $2.8 billion in 2023.
China Development Bank releases $255 million loan for Rail Project in Nigeria
There has been a big boost for the Kano-Kaduna railway project, as the China Development Bank has released some loan funds to speed up construction.
Nigerian Breweries, others secure permit to generate own electricity amid national grid collapses
In the face of high electricity bill and poor supply, several companies and institutions including Nigerian Breweries have secured permit to generate their power.
Nigerian passport gets new position as ranking shows most and least powerful globally
A new ranking has shown that the Nigerian passport is the least desirable globally, occupying the bottom 18 position as Japan and Singapore jostle for number one.
Over 53% of electricity consumers in Nigeria still pay estimated bills
NERC report reveals that more than half the electricity consumers in Nigeria remain on estimated billing, despite the attempts to get them metered.
Food prices likely to surge as farmers opt to export produce for foreign currencies
As Nigeria moves into the dry season, food prices are likely to surge higher. After a bounty harvest, farmers refused to sell to local consumers, but want to export.
Nigeria’s debt profile to hit N187 trillion as World Bank disburses $2.5 billion
A new report has revealed that Nigeria's debt will rise astronomically to N187.8 trillion in 2025 caused by new government borrowings amid new loans.
Federal Republic Of Nigeria
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