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It has also significantly surpassed the $40 billion target for 2018 announced by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last November, and is expected to inch up to $50 billion in the next few months.
Nigeria needs to lower its debt profile in order to make financial resources available for priority projects, the Senate Committee on Local and Foreign Debts has posited.
President Muhammadu Buhari on Tuesday blamed the standoff between his administration and the National Assembly for the slow pace of governance under the leadership of the All Progressives Congress (APC).
The National Chairman of the ruling All Progressives Congress (APC), Chief John Odigie-Oyegun, Tuesday, survived renewed efforts to oust him, as the National Executive Committee (NEC) of the party extended his tenure by an additional year.
The a vowed mission of Transparency International is to stop corruption and promote transparency, accountability and integrity at all levels and across all sectors of society.
Data from the Ministry of Petroleum Resources sighted newsmen showed that indigenous producers from the country aim to pump almost 250,000 barrels per day additional crude by 2020 as part of a wider plan for the nation to lift output to 2.5 million a day.
Nigeria’s central bank said on Monday it had injected $210 million into the interbank foreign exchange market, part of an effort to improve liquidity and alleviate the dollar shortages of the past few years.
The Federal Government has announced the re-appointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its 2.5billion dollars Eurobond scheme.
The director general of the Debt Management Office (DMO), Patience Oniha, says the federal government will issue another Eurobond and Sukuk in 2018.
The Debt Management Office (DMO) will roll over treasury bills worth N1 trillion in the first quarter of 2018, data made available by the Central Bank of Nigeria has shown.
The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays.
The Debt Management Office (DMO) says the Sovereign Green Bond recorded oversubscription by 0.94 percent.
Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills).
Nigeria raised 161.54 billion naira ($513.64 mln) at a treasury bill auction on Wednesday after it received subscriptions for more than twice the amount on offer, traders said on Thursday.
For the second year running, Forte Oil maintained its leadership as the worst performing stock on the Nigerian Stock Exchange (NSE) in 2017 in percentage terms.
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years.
Despite the federal government’s effort on technology, Nigeria could not be ranked among 82 countries in the Global Social Mobility Index 2020.
Borussia Dortmund arguably pulled off the deal of the month when they signed RB Salzburg striker Erling Haaland.
The longest-running transfer saga of the January transfer window may finally be drawing to a conclusion after Manchester United reportedly agreed a deal for Bruno Fernandes.
Brendan Rodgers insists Leicester were the “better side over the two games” as Trezeguet scored an injury-time winner to send Aston Villa to Wembley after a 2-1 win.
The fire gutted Sabo market in Sagamu, Ogun State early Tuesday morning.
Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.
Following the outbreak of a deadly virus known as Corona Virus in China that has since killed six people, with over 300 also reported to have been infected, the Federal Airports Authority of Nigeria, FAAN, yesterday said it has deployed thermal scanners in all airports that monitor the temperature of passengers and capture their pictures.
Nigerian Afro-fusion singer, Damini Ogulu, better known as Burna Boy, has lost the Best World Music Album trophy to Beninese ace singer, Angélique Kidjo, at the 62nd Grammy Award.
Residents of Ureje in Ado-Ekiti, Ekiti State, have bemoaned the deplorable state of Ureje Bridge connecting Ado-Ekiti to Abuja, and Ikare-Akoko in Ondo State.