Nigeria’s IDA Debt Now $11.7bn - DMO
Nigeria’s International Development Association (IDA)’s Debt Stock stands at USD11.7 billion, the Debt Management Office (DMO), has said.
“IDA loans represent one of the most favourable borrowing options for countries like Nigeria and is also consistent with the Medium...
Ogoni Oil Spill : Ten Years After Judgment, Shell Agrees To Pay N45.9bn
The people of Ogoni in Rivers State got justice on Wednesday as the multinational oil company, Shell Petroleum Company, agreed to pay N45.9bn for the losses suffered as a result of oil...
FG Approves $2.5m, N498.2m For Four Power Projects
The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across the country.
This is just as it also okay the interim report on greenhouse emission reduction for the nation.
Minister...
In Six Months, Nigeria’s VAT Hits N1trn - NBS
Nigeria generated a N1tn in the first half of the year, consisting of N512.25bn in the second quarter and N495.39bn generated in the first quarter.
The figures were contained in the ‘Sectoral distribution of Value Added Tax’...
W/Bank Lists Nigeria, Nine Others High-debt Risk Nations
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure.
It stated this in the financial statement for International Development Association, which was among the World Bank FY21...
Digital Currency Would Be Critical National Infrastructure, Says CBN
The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a critical national infrastructure to protect it from operational and cyber-security risks.
In a document obtained by The...
