Nigeria’s public debt rose by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024 from N97.34 trillion ($108.23 billion) in 2023, according to the latest public debt profile report of the Debt Management Office (DMO). The debt stock consists of external debt of N70.29 trillion ($45.78 billion) serviced with $4.66 million and domestic debt of N74.38 trillion ($48.44 …

Nigeria will use the upcoming France Business Forum in Paris to showcase the economic progress achieved under the administration of President Bola Tinubu, according to the Minister of Information and National Orientation, Mohammed Idris. Idris made the statement on Friday in Abuja when he received the invitation to the forum from the French Ambassador to Nigeria, Marc Fonbaustier, during a …

President Bola Tinubu has hailed the creation of the Global Alliance Against Hunger and Poverty, championed by President Luiz Inacio Lula da Silva of Brazil. President Tinubu described the alliance as pivotal in the global fight against hunger and poverty. At the 19th G20 Leaders Summit opening session in Rio de Janeiro, Brazil, on Monday, he lauded the initiative and …

Former Nigerian President, Chief Olusegun Obasanjo, has declared that the People’s Republic of China is an important economic partner for Africa. He added that Chinese cooperation with Africa has not only advanced infrastructure development but also facilitated the transfer of technology and the exchange of personnel Speaking on behalf of the InterAction Council (a body of former Presidents and Heads …

The Spiritual Director of Adoration Ministry, Enugu, Nigeria (AMEN), Rev. Fr. Ejike Mbaka has warned the Federal Government of Nigeria against the looming danger that may erupt as a result of hardship and suffering meted out to Nigerians due to the removal of fuel subsidy. The fiery priest urged the Federal Government to return the fuel subsidy since the removal …

The Progressives Governors’ Forum has begged Nigerians to exercise restraint, saying it acknowledged that the ongoing reforms and economic policies of President Bola Tinubu are experiencing a teething challenge. The governors elected on the platform of the All Progressives Congress, however, expressed conviction that the nation would pull through. Addressing journalists after a closed-door meeting on Wednesday night, the Chairman …

THE Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso has assured Nigerians of better days ahead. The apex bank on Friday rolled out indices that it said would signal improved growth and stability of the Nation’s economy. Speaking yesterday on Abuja during a statutory engagement with the Senator Adetokunbo Abiru, APC, Lagos East led Senate Committee on Banking , …

The House of Representatives at a plenary session on Thursday pledged to give up 50 per cent of their salaries for six months to address the hunger across the country. During the session presided over by Speaker Tajudeen Abbas, Deputy Speaker Benjamin Kalu amended the motion, urging his colleagues to sacrifice 50% of their salaries. He made this plea when …

President Bola Tinubu on Thursday inaugurated a 31-member Presidential Economic Coordination Council comprising himself, the Vice President, the Senate President, and the Chairman of the Nigerian Governors Forum, among others. Thursday’s inauguration comes three months after the President established the committee on March 27, 2024. Tinubu also presented the outcomes of his review of the accelerated stabilisation and advancement plan, …

The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people. At a Ministerial Roundtable on Powering Africa in Washington DC, United State, recently, Alake deplored unwholesome pressure on African governments …