FG’s Borrowing From Local Investors Rises By 21% In H1, 2022   The Federal Government borrowed N4.2 trillion from local investors in the first half of the year (H1’22), representing 21 per cent, year-on-year YoY, increase from N3.89 trillion borrowed in...

DisCos’ Payment To GenCos Drops By 50%   Electricity distribution companies (DisCos) payment to generation companies (GenCos) for electricity generation has dropped by 50 per cent. The statistics showed that DisCos were unable to pay GenCos full payment for the quantity of...

MTN Alleges N22bn Fraud On Mobile Money Banking In One Month   MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one month of operations. In a suit instituted...

World Bank Says Fuel shortage, Inflation’ll Weaken Nigeria’s Economic Growth   The World Bank has said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria. It said this in the June 2022 edition of its Global Economic Prospects...

NDLEA Arrests Brazilian Returnee with Cocaine in Private Part, Seizes London-bound Meth Consignments A Brazilian returnee, Igwedum Uche Benson, has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA, at the arrival hall of the Murtala Muhammed...

TETFund: Revamping Agriculture Through Quality Education and Strategic Collaboration, by Rahma Oladosu   Before the discovery of crude oil and gas in commercial quantity, agriculture was the mainstay of the Nigerian economy. The sector was a resilient sustainer of the economy...