Obasanjo Criticises FG on N88tn Debt Burden, Says Relief Mismanaged Former President Olusegun Obasanjo says Nigeria and other African countries may find it difficult to secure debt relief considering their large debt profiles. Obasanjo also indicated that the debt relief secured by Nigeria from the Paris...

NGX Sustains Bullish Trend as Investors Gain N1.5trn in 2 days The positive sentiment persisted yesterday as investors in the Nigerian Exchange Limited, NGX gained over N1.5 trillion in the first two trading days of the year. Specifically, the NGX Market capitalisation, which represents the total...

Naira now N1,235 Per Dollar in Black Market The Naira, on Wednesday, depreciated to N1,035.12 per dollar in the Nigerian Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,035.12 per dollar from N988.46 per dollar on Tuesday. This...

Dangote Dethroned as Africa's Richest Man, Adenuga, Rabiu Fall in Ranking A South African billionaire, Johann Rupert, has emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike...

NNPCL Debunks Rumour of Imminent Fuel Price Increase  The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. The NNPC in a statement on Wednesday by its...

Professor Moghalu and the Limit of Self-righteousness By Temitope Ajayi I continue to find it quite amusing how Professor Kingsley Moghalu and others like him have managed to convince themselves that their period in government was the 'golden era of competence' in the management of the...