President Bola Ahmed Tinubu has urged the United Nations to prioritize debt forgiveness for Nigeria and other developing nations, appealing to creditors and multilateral financial institutions to support this initiative. 

$6.8bn Debt: NNPC Admission Sparks Integrity Concerns   The Nigerian National Petroleum Company Limited (NNPCL) recently shocked many Nigerians when it admitted owing petrol suppliers. The masses were not surprised that the company was in debt; rather, they found it difficult...

Multilateral Banks’ Climate Financing Now $125bn – AfDB   Multilateral development banks, including the African Development Bank, have reported that their combined financing for climate action reached a record $125bn in 2023. In a statement issued on Monday, AfDB said the findings...

FG Offers N150bn Bonds For September Auction   The Debt Management Office (DMO) has announced that the Federal Government was offering three bonds worth N150bn for the September auction. In a release, the DMO stated that the bonds, which were re-openings of...

NCS Intercepts N519m Worth of Cannabis   The Nigeria Customs Service (NCS) Federal Operations Unit, Zone A, said it intercepted 6,488 kilograms of cannabis sativa worth N519m between April and September. The Customs Area Controller in charge of FOU A, Kola Oladeji,...

Electricity Consumers Owe DisCos N385.7bn   Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023. According to the 2023 annual report and accounts of the Nigerian Electricity Regulatory Commission (NERC), the DisCos...