Nigeria’s Public Debt Rises By 2.9% To N44.06trn In Q3, 2022   Nigeria’s public debt stock stood at N44.06 trillion ($101.91 billion) in the third quarter of 2022 (Q3’22), which is 2.85 percent higher than the N42.84 trillion recorded in Q2’22. The National Bureau of Statistics (NBS)...

FG Says Nigeria Lost N3trn During 2022 Flood   Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, has disclosed that the total direct economic damage of the 2022 flooding, based on currently reported statistics as of November 25 was in the...

E-Transactions In Nigeria Now 3.5bn, Ranked 6th Globally   Following various policies by the Central bank of Nigeria (CBN) to boost cashless economy, analysts have noted that electronic transactions in Nigeria peaked at 3.5 billion in 2022, thus ranking Nigeria number 6 globally. Also, going into 2023,...

U.S.-Africa Forum Partners Nigeria, Rwanda On Space Exploration   STATEMENT: Strengthening the U.S.-Africa Partnership in Space The U.S.-Africa Leaders Summit featured the first-ever U.S.-Africa Space Forum. The Forum reaffirmed the United States’ commitment to collaborating with African partners on the peaceful use and exploration of outer space to meet...

Nigeria Risks Food Crisis in 2023 - IMF The International Monetary Fund has said that Nigerians should brace up for higher food prices/ risks in 2023 due to recent floods and high fertilizer prices. According to the National Bureau of Statistics, food inflation hit 23.72 per...

US Dollar Crashes as Naira appreciates to N740/$ at Black Market For the first time in this month, November 2022, the Nigerian currency, Naira has appreciated significantly against the US dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators who...