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Debt Management Office (DMO)

NBS: Nigeria’s debt stock rises to N32.22 trillion

The National Bureau of Statistics, NBS, says Nigeria’s total foreign and domestic debt stood at N32.22trn in the Q3 of 2020.
National Bureau of Statistics NBS

NBS: Nigeria’s public debt increases by N6.01 trillion in a year

According to the NBS report on Nigeria’s Domestic and Foreign Debt Q3 2020, Nigeria’s total public debt stock constituting of external and domestic debts, stood at N32.22 trillion ($84.57 billion) as of September 30, 2020.
The new minister of State for Budget and National Planning, Clement Agba, has charged staff of the ministry to work harder and smart to realize the Next Level agenda of the federal government.

Nigeria receives $26.9 billion foreign support in six years – minister

Agba made this known on Tuesday in Abuja while briefing the House of Representatives Committee on Civil Society and Development Partners on Donor Funds Receipts, Transfers and Disbursement to Government Agencies, Civil Society and Non-Governmental Organisations in Nigeria.
The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

Nigerian government proposes $6.15 billion on power sector reform – minister

The Nigerian government has so far obtained funding in the sum of $6.15 billion (around N2.37 trillion) for the power industry and is currently reforming the sector with it, Sale Mamman, the Minister of Power said on Tuesday.
The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

Minister: $6.1 billion secured for power sector

The Minister of Power, Engr. Sale Mamman, has marked one year in office citing remarkable achievements, including the securing of $6.150 billion to boost power supply.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

Commission tasks National Assembly on water resources bill

The Nigeria Integrated Water Resources Commission (NIWRC), has urged National Assembly to ensure quick passage of the Water Resources Bill to enhance revenue generation and create job opportunities in the country.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB, others partner Katsina on rural development

The African Development Bank (AfDB), the Agence Francaise De Development (AFD) and the Japan International Cooperation Agency (JICA) have concluded arrangement to partner with the Katsina State government on the provision of infrastructure, particularly in the rural areas in the state.
Antonio Guterres

UN chief appoints Aliko Dangote, Akinwumi Adesina, 25 others to fight global malnutrition

The United Nations Secretary General, António Guterres, has appointed Africa’s richest man, Aliko Dangote, the president of the African Development Bank, Akinwumi Adesina, and 25 other persons as global leaders, who would champion the...
Nigeria is set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Wednesday. 2

Minister: World Bank to manage donor funds

Nigeria is set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Wednesday.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Federal government to establish national donor coordinating unit

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday revealed that the government was set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country.

TCN board stalls $258 million power projects

The absence of board for Transmission Company of Nigeria (TCN) has stalled the approval of $258million JICA loan for the implementation of the payment for material and equipment for the Apapa and Akamgba substation in Lagos.

TCN attracts $1.57 billion donors funding in two years

Transmission Company of Nigeria (TCN) says it has received a total of $1.57 billion as pledges from international donors to finance critical projects that will soon result in improved electricity transportation from generation to distribution companies

Expert: Why federal government needs more borrowing to fund capital projects

As huge revenue shortfall dogs the 2018 budget, it has been revealed why the Federal Government needs more loans to fund the capital projects.
Japanese Prime Minister Shinzo Abe

Nigeria, other African countries in Tokyo for TICAD meeting

It is jointly hosted by the Japanese Government with the United Nations, the United Nations Development Program (UNDP), the World Bank and the African Union Commission (AUC) to set agenda for African development conference expected to hold next year in Yokohoma, Japan.

NBS: Lagos’ total debt profile hits N1.04 trillion

Lagos’ total debt profile has risen to N1.04 trillion, report from the National Bureau of Statistics, NBS, has revealed.
Japan Flag

Japan-Nigeria potentials not realised yet – envoy

Japanese Ambassador to Nigeria, Yutaka Kikuta, on Tuesday, said the potentials in the Japan-Nigeria relationship were yet to be realised.

TCN raises N565bn to achieve 20,000MW in four years

The managing director of the Transmission Company of Nigeria (TCN), Usman Mohammed, says the company has raised N565.2bn to achieve 20,000 megawatts (MW) in the next four years.

Power supply: TCN inaugurates 100MVA transformer

The management of Transmission Company of Nigeria (TCN), on Monday inaugurated 100 MVA transformer at Alimosho substation, Lagos to boost electricity supply to residents within Ikeja Disco.

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FILE PHOTO: Committee Chairman Roger Wicker (R-MS) attends the Senate Commerce, Science, and Transportation Committee hearing 'Does Section 230's Sweeping Immunity Enable Big Tech Bad Behavior?', on Capitol Hill in Washington, DC, U.S., October 28, 2020. Michael Reynolds/Pool via REUTERS

U.S. Senate Republican asks tech firms to explain account, content removals

The outgoing Republican chairman of the Senate Commerce Committee asked the chief executives of major U.S. tech firms Apple Inc, Facebook Inc, Amazon.com Inc, Alphabet Inc and Twitter to answer detailed questions about decisions to restrict or permanently ban accounts of conservative users and other steps to restrict content or platforms.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Coronavirus: Edo governor suspends reopening of schools

The Edo State Governor, Mr. Godwin Obaseki, has suspended the resumption of schools in the state over the increasing cases of COVID-19.
The University of Ilorin Alumni Association at its 13th National Congress held in Ilorin Kwara State on March 6, 2020 elected new national officers to steer the affairs of the association for the next four years.

UNILORIN announces phased resumption

The management of the University of Ilorin, on Friday, has announced a phased reopening of the institution for academic activities beginning from January 25.

Female serial fraudster jailed for visa fraud

An Akure Magistrate Court has sentenced a female serial fraudster, Owolabi Omolola, to two-year imprisonment for defrauding one Ayodele Ayeni to the tune of N460,000.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

AGF denies receiving bribe in NDDC administrator’s appointment

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has described as “fictitious and malicious” reports that he was bribed in respect of the appointment of a sole administrator for the Niger Delta Development Commission (NDDC).