Nigeria, Others Losing $15bn To Climate Change - AfDB       The President, African Development Bank Group, Dr Akinwumi Adesina, has said that Nigeria and other African countries would lose between $7bn and $15bn per annum due to climate change. Adesina said this in his opening speech at...

Rethinking Nigeria's Economic Priorities By Ibrahim Shehu Dandakata     The last time there was such in abundance was during the regime of Abacha when ‘Tokunbo’ cars and spare parts became the norm as a response to that smoke. After a long time, cars with ‘smoking engines’ are...

Nigeria’s Revenue Declined By 65%, Says Finance Minister       The Minister of Finance, Budget and National Planning, Zainab Ahmed, says Nigeria’s revenue has dropped by 65 per cent hence the decision of President Muhammadu Buhari to discontinue the payment of petrol subsidy. Ahmed said this on NTA’s...

Nigeria Owes World Bank N3.96trn — DMO     Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown. An analysis...

Nigeria’s Debts May Rise To N34trn In Q3     Nigeria’s public debts may continue its quarterly increase to hit about N34 trillion in the third quarter ending September 30. Data provided by the Debt Management Office (DMO) had shown that the nation’s public debt had risen by...

FG Revenue Drops By 32% To N625.9bn In May       Driven by the drop in crude oil prices, federally collected revenue fell by 32 percent to N625.9 billion in May 2020 from N915.28 billion collected in April. Central Bank of Nigeria (CBN) stated this in its Monthly...