CBN Raises Interest Rate To 15.5% To Tame Inflation   The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 14 to 15.5 per cent in order to tame the rising inflation rate. This represents a 150-basis-point increase from the...

Fed Govt’s Deficit Rises By 128% To N3.6trn   The fiscal operations of the Federal Government in the first quarter of 2022, Q1’22, has yielded a massive deficit of N3.55 trillion as revenue fall far below budget estimates. This is contained in the Q1’22 report of the...

NBS: Water Transportation Fare Rises to N974.26 in August The National Bureau of Statistics data has revealed that the average fare paid for water transport rose to N974.26 in August 2022, up 0.87 percent on a month-on-month basis from N965.82 in July. The reports noted that...

NESG, Marketers Express Fear as Fuel Subsidy Gulp N2.04tn The Nigerian Economic Summit Group and oil marketers, under the aegis of the Petroleum Retail Outlet Owners Association of Nigeria, have expressed concern about an impending fiscal crisis in the country following the continued rise in...

ASUU: When a Lingering Strike Becomes an Aberration By Jamilah Sani Dahiru Nigerian students, especially those in our public universities are not smiling at the moment. Their schools have been shut as a result of the ongoing industrial action the Academic Staff Union of Universities, ASUU,...

I didnt realise how much Nigerias water sector has been grossly under-reported until I attended a media briefing addressed by the Minister of Water Resources, Engineer Suleiman H. Adamu in Abuja recently.