FG: National Grid Collapsed Twice to 10MW, 33MW Federal Government report on power has revealed that the collapse of Nigeria’s electricity grid actually occurred twice on Friday and Saturday last week despite concerted efforts to stabilise the power system. According to the Federal Ministry of Power...

CPPE: Nigeria’s Total Debt Could hit N50tn The Centre for the Promotion of Private Enterprise estimates that Nigeria's debt, including that of Asset Management Corporation of Nigeria and borrowings from the Central Bank of Nigeria, could reach N50 trillion within a short time. The Chief Executive...

Nigeria, Other African Countries To Be Affected By Russian, Ukraine crisis Fintech Solutions, an online financial institute says Nigeria and sub-Sahara Africa aountries will be affected by the Russian and Ukraine crisis which will have a significant effect on the Gross Domestic Product (GDP). According to...

IMF Cautions Nigeria On Volatile Capital Flows The International Monetary Fund (IMF) warns that countries with large external loans may be vulnerable to financial crises and recessions if capital flows out. In December 2021, Nigeria had an external debt stock of $38.39 billion. The federal...

Nigeria Foreign Airlines’ Trap Funds International Air Transport Association (IATA) statistics show that the total amount of foreign airlines' funds trapped in Nigeria has doubled from $147 million (N61 billion) in August 2021 to $283 million (about N117.6 billion) as at now. In line with the...

Imo seeks partnership with FG, investors on gas exploration The Imo State Governor, Hope Uzodiinma, says the state is ready to work with the federal government and other investors to explore gas resources. Uzodimma said the sector would increase youth employment in the state and enhance...