Saturday, September 22, 2018
Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown. According to debt statistics obtained from the Debt Management Office, the country’s external debt rose from $10.32bn in June 30, 2015 to $22.08bn as of...
The Federation Accounts Allocation Committee (FAAC) said on Thursday a new revenue reporting template would soon be ready for the Nigerian National Petroleum Corporation (NNPC) and other members of the revenue sharing committee. The committee also agreed to share N715...
By Eric Elezuo Sequel to the letter written to MTN Nigeria by the Central Bank of Nigeria, alleging that the company illegally repatriated the sum of $8.1 billion, MTN has released a statement via @MTNNG saying the CBN approved the...
By Eric Elezuo The Chairman of Energy Group, Mr. Jimoh Ibrahim, is about now hosting the first ever Infrastructure Development for Africa conference in Dubai, United Arab Emirate. The conference among other important issues, is discussing modalities towards making the African...
The Central Bank of Nigeria (CBN), says the aggregate foreign exchange inflow into the country stood at $91 billion in 2017. The bank disclosed in its 2017 annual report released on Thursday that the figure was an increase of 45...
Nigeria’s first online newspaper/TV for entrepreneurs, make it, on Thursday announced Mr. Tony Elumelu as the winner of its maiden Entrepreneur of the month award. Elumelu is the Chairman of United Bank for Africa, Heirs Holdings, Transcorp and numerous other companies. The recognition...
By Eric Elezuo Not many people took it serious when in 2016, the National Bureau of Statistics raised the alarm that no fewer than 112 million Nigerians live below the poverty line. Today, the story has adopted international dimension as...
Nigeria has emerged as the country with the highest number of poor people in the world, overtaking India. According to a report by the Brookings Institution, data from the World Poverty Clock show that Nigeria now has over 87 million...
Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. Brent crude futures LCOc1 reached...
President Muhammadu Buhari has approved the withdrawal $462 million from the Excess Crude Account (ECA) to the United States for the procurement of 12 Super Tucano aircraft, without a prior approval of the National Assembly, This Day newspaper has...

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