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Public Debt Increases by 48.58% to N144.67trn

Nigeria’s total public debt rose to N144.67 trillion (approximately $94.23 billion) as of December 31, 2024, representing a 48.58 per cent increase.

AUDA-NEPAD Expands Footprint with New National Office in Republic of Congo

The African Union Development Agency-NEPAD (AUDA-NEPAD) has signed a landmark agreement with the Government of the Republic of Congo to establish a National Office in Brazzaville.

Banks Report N470bn Disbursement in Personal Loans – CBN

The Central Bank of Nigeria (CBN) has disclosed that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024.

Foreign Airlines Pay N25bn for Aircraft Towing Annually

International airlines that operate into Nigeria pay about N25bn annually for the towing of their aircraft, as the Federal Airport Authority of Nigeria (FAAN).

Mali, Burkina Faso, Niger Impose 0.5% levy on ECOWAS Imports

The military governments of Mali, Burkina Faso and Niger have announced a new 0.5 percent levy on imported goods from Nigeria.

Power Generation Faces Downturn, Falls By 1.64% – CBN

The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024), with the electricity production index declining by 1.64% year-on-year (y-o-y).