Despite Subsidy Removal, Nigeria's PMS Price Remains Cheapest in Africa By Zekeri Idakwo Despite recent hike in fuel price, Nigeria still has the cheapest pump price among neighbouring African countries. According to Global Petrol Prices (GPP), Nigeria is the exception, with prices at nearly half the cost...

Finally, FG Receives $2.25bn Afrexim Bank Loan By Nafisat Bello The Federal Government on Friday received a $2.25b foreign exchange support facility from the African Import-Export Bank. The Minister of Finance, Wale Edun, who confirmed this to Arise TV, said it is the first tranche of the...

Cross River Governor, Bassey Otu Signs N296bn 2024 Budget into Law Governor Bassey Otu of Cross River State has signed the 'Peoples First' Budget of N296, 985, 631, 978, 1k into law. The signing ceremony, which took place on Friday in Calabar, the state capital, has...

‘Build-A-Thon’ Initiative - FG Commences Application for Teachers Recruitment The Ministry of Communications, Innovation, and Digital Economy on Thursday announced the commencement of applications for teaching positions under its Build-A-Thon initiative programme. The programme which was launched earlier in December, according to the Minister of Communication,...

In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks The rising cost of living has pushed Nigerians to borrow about N740 billion from banks between January and September this year. An analysis of the quarterly economic reports of the Central Bank...

Nigeria's Public Debt Hits N87.91trn, Grows by 0.61% By Zekeri Idakwo Nigeria public debt has increased by 0.61 percent in the third quarter of 2023. According to the latest data from the National Bureau of Statistics (NBS), Nigeria's total public debt stock which includes external and domestic...