Nigeria’s Debt Servicing Surges to N6tn – CBN Latest data from the Central Bank of Nigeria (CBN) shows that the country's debt servicing expenses reached N6.04tn in the first half of 2024. This indicates an increase of 68.8 per cent from the N3.58tn recorded during the...

Cost of Healthy Diet Rises by 28%, NBS Reports The rising cost of maintaining a healthy diet has put a strain on many Nigerians, as the average daily cost of a healthy diet in the country reached N1,255 per adult in August 2024, according to...

DisCos Earn N162.14bn Revenue in July – NERC Twelve electricity Distribution Companies (DisCos) in the Nigerian Electricity Supply Industry (NESI) collected N162 billion revenue in July 2024. The Nigerian Electricity Regulatory Commission (NERC) broke the news in its document titled: “Commercial Performance of Distribution Companies (DisCos),”...

Prices of Key Staple Food Items Drop in August – NBS The average prices of 11 key staple food items in Nigeria saw a noticeable decline compared to the previous month. This is according to the National Bureau of Statistics (NBS) food price report for August...

NASS Denies Rumours of a Bill for Regional Government Restructure Principal officers of the National Assembly (NASS) have denied the existence of a Bill purported to have been submitted President Bola Tinubu to return Nigeria to a regional government. In a recent wave of speculation which...

Nigeria's External Reserves Hit 22-Month High to $37.31bn — CBN Nigeria’s external reserves have reached a 22-month high of $37.31bn, reflecting significant foreign inflows into the country’s economy. Data from the Central Bank of Nigeria (CBN) revealed that as of September 18, 2024, the reserves hit...