The Federal Account Allocation Committee (FAAC) disbursed N1.42 trillion to Nigeria’s 774 local government areas (LGAs) from the federal allocations…
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Cigarette consumption in Sokoto State is alarmingly high, with sellers and smokers revealing daily habits contributing to serious health risks. Despite known dangers and rising costs, smoking persists, underscoring the need for stronger public health measures.
The Nigerian government has announced plans to issue $250 million in green bonds this September, aiming to bolster funding for…
Among the stockbroking firms in Nigeria, Stanbic IBTC Stockbrokers, Cardinal Stone Securities and Apt Securities emerged as the top performers, collectively accounting for N727.078 billion in value and representing 50.42% of the total value of transactions conducted in the first half of the year.
Nigeria, a country rich in agricultural resources, has long struggled to achieve food self-sufficiency due to government neglect and mismanagement. Despite having the potential to become a major food producer, Nigeria continues to rely heavily on food imports to feed its population.
While the increase in borrowing is notable, Nigeria’s debt servicing costs have also been significant, almost matching the amount borrowed.
If approved, Nigeria will have secured a total of $4.25 billion in loans from the bank this year alone and a cumulative $6.95 billion under the administration of President Bola Tinubu.
Nigeria has been granted the hosting right for the African Energy Bank (AEB) after beating Ghana, Benin Republic, Algeria, South Africa and Cote d’Ivoire in a keenly contested bidding.
According to the managing director, Nigeria stands as a pivotal marker in the technological renaissance sweeping Nigeria and the broader West African region.
“Available from today, eligible Creators in Nigeria and Ghana will be able to earn money for their video and reels content, with support in over 30 languages globally,” the company said in a statement released on Monday.