The Minister of Information and National Orientation, Mohammed Idris says the United Arab Emirates (UAE) has lifted the Visa ban on Nigerians travelling to the country.
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“This means that in June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024,” the agency said.
Our debt-to-GDP ratio, which used to be far, far below 50, which used to be around 20 to 23, 25, is now close to 50%,” he said.
Dasuki’s statement brings to light existing gaps and challenges in the welfare and support provided to military and security personnel. This acknowledgement is crucial, as it underscores the need for improvements to ensure that these individuals, who are pivotal in maintaining national security, are adequately supported.
The Federal Account Allocation Committee (FAAC) disbursed N1.42 trillion to Nigeria’s 774 local government areas (LGAs) from the federal allocations…
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.