The Federal Government, through the Debt Management Office, has failed to make coupon payments on two savings bonds due to ongoing system and processing issues. As a result of this, the office has missed two coupon payments in two months. A report by Bloomberg stated that the first coupon payment on the two-year and three-year debt instruments, through which the …

Mr Nyesom Wike, Minister of the Federal Capital Territory (FCT), has attributed the rising cost of housing accommodation in FCT to market forces. Wike stated this in Abuja on Saturday when he visited Zeberced Limited Quarry, Kubwa-Abuja on Saturday, to see what the company was doing. While responding to questions from journalists on what the FCT Administration was doing to …

A Professor of Horticulture at the Federal University of Agriculture, Abeokuta, Isaac Ayelagbe, stated that the widespread hunger in Nigeria is a real and embarrassing situation, especially for a well-endowed nation unable to feed its growing population. Ayelagbe attributed Nigeria’s food insufficiency to poor policies, a lack of political will, and oppressive agricultural practices still reliant on hoes and cutlasses, …

The Federal Competition and Consumer Protection Commission (FCCPC) has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs. The Director of Surveillance and Investigation Mrs. B. A. Adeyinka, said this while briefing journalists during a market surveillance to enforce prices today in Masaka Markets, Nasarawa State. Adeyinka explained, “We’ve conducted extensive interviews …