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The Nigerian government plans to raise N2.5 trillion through bond issuance, according to the Debt Management Office (DMO)
The Nigerian Federal Government aims to generate N2.5 trillion in its upcoming FGN bonds auction, as outlined in a circular from the Debt Management...
Economic adversity: The Sultan cautions that preventing people from rebelling may prove challenging
The Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, has voiced deep concern about the escalating levels of suffering, insecurity, and impoverishment in Nigeria.
He...
The power minister expresses concern over the electricity subsidy surging to N3 trillion
The Federal Government announced on Wednesday that Nigeria's power sector owes approximately N3.3tn to electricity generating companies and gas producers.
Additionally, it disclosed that the...
FG allocates 42,000 metric tons of grains at no cost, while Ogun initiates a 5-billion-naira intervention program
On Wednesday, the Federal Government announced the distribution of 42,000 metric tonnes of grains approved by President Bola Tinubu to underprivileged Nigerians without any...
Nigeria’s oil production experiences a decline to 1.419 million barrels per day, as reported by OPEC
Nigeria experienced a slight decline in crude oil production to 1.42 million barrels per day in January 2024, as reported by the Organization of...
