Public Debt May Rise To N90.5trn - Analysts   Analysts have predicted that public debt outstanding would likely close at N90.49 trillion (or 43.1 per cent of GDP) in 2023 against N46.25 trillion or 23.2 per cent of GDP recorded in the corresponding period in 2022. Specifically,...

NGX: Trade volume Rises by 98%, Hits N1.12bn The Nigerian Exchange Limited, daily volume of trade increased by 98 per cent to 1.12 billion units on Thursday as investors lost N35bn at the close of the trading session The volume of traded equities reported on Wednesday...

RMAFC Defends Salaries of Political Office Holders   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says political officeholders do not earn outrageous salaries. Muhammed Shehu, chairman of the commission, made this known to NAN in Abuja on Sunday. Shehu had earlier said the salaries of politicians, judicial...

FG Inherited N6trn Funding Gap on 2,604 Projects - Minister   Works Minister Dave Umahi has said the Bola Ahmed Tinubu administration has a N6 trillion funding gap on its road projects across the country. The minister, who said the current administration inherited 2,604 road projects, explained...

How 23 States Grew Foreign Loans By 64%   Twenty-Three Nigerian states grew bilateral loans by 64.26 per cent in six months to $462.81m as of the end of June. Most of the loans were taken from China, India, France and other countries. This was despite the persistent...

In Six Months, Nigeria's Debt Servicing Gulped N2.34trn - DMO The Debt Management Office (DMO) says Nigeria spent N2.34 trillion on debt service within six month of 2023. DMO disclosed this in its latest data on the country’s debt profile. Meanwhile, the figure marked a 43.04 per...