3 d. ago Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report

By Chinwendu Obienyi Nigeria’s economy is expected to grow by as much as 4.2 per cent by the end of the year, buoyed by improved crude oil production, stronger business sentiment, and a gradual recovery from the economic shocks triggered by recent reforms, the latest report from Stanbic IBTC Bank revealed on Wednesday. The estimate […] The post Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report appeared first on The Sun Nigeria.

Politics

5 d. ago NNPC reports 14% profit surge as oil production continues recovery

The Nigerian National Petroleum Company Limited (NNPC) has recorded a significant jump in profitability, with after-tax profits rising 14 per read more NNPC reports 14% profit surge as oil production continues recovery

Politics

6 d. ago Ogun Police Nab Suspected Cultist During Meeting, Recover Firearm

Ogun State Police Command have arrested a suspected member of the Eiye Confraternity, identified as Ismail Afolabi, at Saje area, Car Wash Abeokuta. Afolabi was arrested following credible intelligence received by security agents that members of the cult group were holding a secret meeting with the intention to carry out criminal activities. INFORMATION NIGERIA reports […] The post Ogun Police Nab Suspected Cultist During Meeting, Recover Firearm appeared first on Information Nigeria.

Events

7 d. ago Debt service payments by developing countries hit $921bn in 2024 – UN report

Debt service payments by developing countries soared by 74 billion dollars in 2024 from 847 billion dollars to 921 billion read more Debt service payments by developing countries hit $921bn in 2024 – UN report

Economics

1 week ago DMO to finalise N100bn bond deal today amid oversubscription

By Chinwendu Obienyi The Debt Management Office (DMO) will on Wednesday (today) settle N100 billion worth of Federal Government of Nigeria (FGN) bonds, marking the conclusion of a highly successful auction that attracted robust investor participation and significant oversubscription. The auction, conducted on Monday, June 23, featured two separate bonds, each with a face value […] The post DMO to finalise N100bn bond deal today amid oversubscription appeared first on The Sun Nigeria.

Politics

1 week ago Pharmacists allege N30bn debt in pharma industry due to mismanagement of health funds

The Association of Community Pharmacists of Nigeria (ACPN) has alleged that Nigeria’s health sector is now burdened with over ₦30 billion. read more Pharmacists allege N30bn debt in pharma industry due to mismanagement of health funds

Politics

1 week ago Reps recover billions in debt from oil firms but public applause runs dry

The House of Representatives’ Public Accounts Committee (PAC) was clearly proud of its feat when it announced a total recovery read more Reps recover billions in debt from oil firms but public applause runs dry

Economics

2 w. ago Reps recover N86.5bn as oil companies’ debt hit N9.4trn as at Q4 2024

Tribune Online Reps recover N86.5bn as oil companies’ debt hit N9.4trn as at Q4 2024 "List of Non-Compliant Oil Companies and Alleged Liabilities amounting to $456,952,216.51 (₦731,123,546,416 Reps recover N86.5bn as oil companies’ debt hit N9.4trn as at Q4 2024 Tribune Online

Politics

2 w. ago DMO unveils plan to issue N50bn Green Bond for environmental projects

The Debt Management Office (DMO) has announced plans to issue a N50 billion green bond aimed at supporting the Federal read more DMO unveils plan to issue N50bn Green Bond for environmental projects

Politics

3 w. ago Ijaw Community Threatens To Disrupt Oil Firm’s Operations Over Neglect

The people of Gelegele community in Ovia North East local government area of Edo State have threatened to disrupt operations of an oil company over alleged neglect and marginalisation. They urged the government to address the gas flaring and lack of basic infrastructure in the community just as they gave a 14-day ultimatum to the […]

Politics

3 w. ago Speaker Abass lauds Rep Salam over recovery of over N61.5bn from erring oil companies

Tribune Online Speaker Abass lauds Rep Salam over recovery of over N61.5bn from erring oil companies The Speaker, who expressed delight over the feat achieved by the Rep. Salam-led Committee, acknowledged the tireless efforts made towards promoting transparency, accountability, and fiscal responsibility in public financial management. Speaker Abass lauds Rep Salam over recovery of over N61.5bn from erring oil companies Tribune Online

Politics

3 w. ago Weapons, Hard Drugs Recovered As Police Arrest 27 Criminal Suspects In Kaduna

The Kaduna Police Command has arrested 27 suspected criminals following a raid on hideouts in the Kawo region of the state. Reports indicate that the operation led to the recovery of dangerous weapons such as knives, axes, cutlasses, as well as hard drugs. Mansir Hassan, the command’s spokesperson, confirmed the arrests in a statement made […] The post Weapons, Hard Drugs Recovered As Police Arrest 27 Criminal Suspects In Kaduna appeared first on Information Nigeria.

Events

4 w. ago Troops repel terrorist attacks, kill dozens, recover arms in Borno

Troops of Operation HADIN KAI (OPHK) have successfully repelled coordinated attacks by insurgents on Buratai in Biu Local Government Area read more Troops repel terrorist attacks, kill dozens, recover arms in Borno

Events

last month Nigeria‘s $24.14 billion external borrowing plan: New face of debt diplomacy

I am worried that the debt service-to-revenue ratio, which peaked at over 90 percent in 2023, is presently under pressure. read more Nigeria‘s $24.14 billion external borrowing plan: New face of debt diplomacy

Economics