NMRC Secures $228m Mortgage Financing for Nigeria’s Vulnerable Earners, Borrowers The Nigeria Mortgage Refinance Company Plc (NMRC) has secured $228 million in affordable mortgage financing for vulnerable earners and borrowers. This was disclosed in a statement on its X page, on Thursday, September 26, 2024. The company...

$6.8bn Debt: NNPC Admission Sparks Integrity Concerns   The Nigerian National Petroleum Company Limited (NNPCL) recently shocked many Nigerians when it admitted owing petrol suppliers. The masses were not surprised that the company was in debt; rather, they found it difficult to believe that after months...

Multilateral Banks’ Climate Financing Now $125bn – AfDB   Multilateral development banks, including the African Development Bank, have reported that their combined financing for climate action reached a record $125bn in 2023. In a statement issued on Monday, AfDB said the findings were from the Joint Multilateral...

FG Offers N150bn Bonds For September Auction   The Debt Management Office (DMO) has announced that the Federal Government was offering three bonds worth N150bn for the September auction. In a release, the DMO stated that the bonds, which were re-openings of previously issued instruments, would be...

NCS Intercepts N519m Worth of Cannabis   The Nigeria Customs Service (NCS) Federal Operations Unit, Zone A, said it intercepted 6,488 kilograms of cannabis sativa worth N519m between April and September. The Customs Area Controller in charge of FOU A, Kola Oladeji, disclosed this on Monday in...

Electricity Consumers Owe DisCos N385.7bn   Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023. According to the 2023 annual report and accounts of the Nigerian Electricity Regulatory Commission (NERC), the DisCos collected N1bn out of the...