Nigeria's Total Debt Rises N24.33tr as FG Borrowed N7.71tr In Q1 2024 – DMO The Debt Management Office (DMO) clarified that Nigeria’s fresh borrowing was N7.71 trillion in the first quarter of 2024. It explained on Wednesday that the fresh borrowing includes N2.81 trillion as part...

After Bearish Trend, Equity Market Rebounds with N95bn Gain The Nigerian equity market recovered from the previous day’s loss with a N94.95bn gain on Wednesday, buoyed by an appreciation by Cocoa Processors, Oando, Computer Warehouse Group and 32 other stocks. The market capitalisation and the All...

CBN Shuts Down FX Price Verification Portal for Importers July 1 The Central Bank of Nigeria says it will discontinue the foreign exchange price verification system portal used by importers from July 1. It also noted that the Price Verification Report will no longer be a...

FG to Conduct National Drug Use Survey to Combat Drugs, Others The Federal Government says it will conduct a drug use survey as part of its efforts to combat drug abuse and develop preventive measures. It said the survey to be conducted soon would help the...

NGF Assures Labour of Better Minimum Wage from Ongoing Negotiations  The Nigeria Governors’ Forum (NGF) have assured Nigerians that better wages will result from the ongoing negotiations between the government, private sector and organised labour. The governors had previously rejected the Federal Government’s proposal of N62,000,...

Tinubu, Governors to Discuss Minimum Wage at NEC Meeting Today The National Economic Council, led by President Bola Tinubu, will meet at the Aso Rock Villa, Abuja, on Thursday (today) to discuss the new minimum wage. The President’s Chief of Staff, Femi Gbajabiamila, revealed plans for...