Foreign Investors’ Interest In Nigeria Drops By 27.5% In Q1, 2021       Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments...

Nigeria: It’s Time to Stop the Borrowing Binge, by Kingsley Moghalu     The rate at which Nigeria’s public debt has increased in the last six years is unprecedented, alarming, and unsustainable. From $10.31 billion at the end of June 2015, the total external debt increased to...

Nigeria Faces Six-year Delay In Achieving SDGs - IMF       Nigeria faces a six-year delay in achieving Sustainable Development Goals, according to the International Monetary Fund. The Managing Director, IMF, Kristalina Georgieva, said this on Tuesday in a statement titled ‘UN high level political forum on sustainable-development’. She...

Nigeria Lost 4.5trn Oil Barrels To Theft In 4 Years, Says Minister       Dr Mohammad Abubakar, Minister of Environment, on Monday, disclosed that Nigeria recorded 4,919 oil spills between 2015 to March 2021 and lost 4.5 trillion barrels of oil to theft in four years. Abubakar disclosed...

Nigeria’s Debt To Grow To N48trn By 2024       If everything goes as planned, Nigeria’s total debt will grow to N48 trillion by 2024. This is going by the government’s planned borrowings from 2022 to 2024. According to data from the Ministry of Finance, Budget and National Planning,...

Nigeria’s Cryptocurrency and Digital Currency Debate, by Inyene Ibanga     Early February this year, the Central Bank of Nigeria (CBN) released a circular to banks and financial institutions, warning that transactions in and facilitating payments for cryptocurrency exchanges were prohibited. The CBN further directed all banks and...