Nigeria’s Public Debt Stands At N32.9trn — DMO       Nigeria’s Total Public Debt as of December 31, 2020, stood at N32.915 Trillion. The figures include the Debt Stock of the Federal and State Governments, as well as, the Federal Capital Territory. The Debt Management Office (DMO) released...

Nigeria’s Oil Exploration Declines By Over 70%       There are indications that oil exploration dropped in Nigeria by 70 per cent in February 2021, according to the Organisation of Petroleum Exporting Countries, OPEC. In its March 2021 report the organization put the nation’s rig count, a major...

Okonjo-Iweala Expresses Concern Over Nigeria’s Multiple Foreign Exchange Rates       Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, on Monday, listed conditions that could make Nigeria benefit from the global body. She gave the conditions when she visited President Muhammadu Buhari at the Presidential villa. These were...

Oil and the Nigerian Economy: Can We Learn from Norway?  By Abdulhaleem Ishaq Ringim       Whether or not Nigeria has utilized its oil wealth in a prudent manner is still a topic for national debate. However, considering how dependent the country’s economy has become on oil...

‘Nigeria Loses $235bn To Non-passage Of PIB’       Deputy Senate President, Senator Ovie Omo-Agege said yesterday that Nigeria had lost about $235 billion to the non-passage of the Petroleum Industry Bill (PIB) by successive administrations. Omo-Agege, who spoke at the virtual national colloquium on PIB organised by...

R4.2bn Yet To Be Repatriated From Nigeria - MTN       The MTN Group added 28.8 million subscribers to reach a total 279.6 million customers in 2020 across 21 countries in Africa and the Middle East. The company announced a service revenue growth of 11.9 per cent and...