NBS puts foreign debt at $22.1bn in H1’18

Nigeria’s foreign debt profile has risen by 17percent at the end of the second quarter of this year to hit $22.08billion, as against the $18.9billion recorded at the end of 2017.

Figures from the National Bureau of Statistics, NBS, reveals that foreign borrowings amounting to $10.88billio [...]

Sun, 30 September 2018

Economic recovery: Nigeria needs 3% growth rate

Despite the steady economic growth being experienced since September 2017, the federal government says the economy needs to record a minimum growth rate of 3percent before Nigerians can feel the impact of the country’s exit from recession.

Minister of Budget and National Planning, Senator [...]

Sun, 30 September 2018

Forex sanction: CBN to reconsider decision on MTN, banks

The Central Bank of Nigeria, CBN, said it is still engaging affected banks and MTN Nigeria over the recent sanctions placed on them for their role in the illegal repatriation of forex, insisting the decision was made in the public interest.

In response to the recent regulatory actions, CBN said [...]

Sun, 30 September 2018

Telecoms industry attract $67bn FDI

The telecommunication sector alone has attracted a total of $67billion in foreign direct investment into the country over the last 17 years, the Nigerian Communications Commission has disclosed.

The Executive Vice Chairman of NCC, Prof. Umar Danbatta while highlighting some of the sector’ [...]

Sun, 30 September 2018

NASENI denies corruption allegation against DG

The management of National Agency for Science and Engineering Infrastructure, NASENI, has denied the recent corruption allegations levelled against its Director General, Prof. Mohammed Haruna.

A newspaper had penultimate week reported that an anti-corruption group, the Corruption Practices Erad [...]

Sun, 30 September 2018

NNPC close to wrapping up funding for AKK project

The Nigerian National Petroleum Corporation, NNPC, has said it is close to wrapping up funding arrangements for the Ajaokuta-Kaduna-Kano, AKK, gas pipeline project.

Group Managing Director of NNPC, Dr. Maikanti Baru, disclosed this while speaking at the 30th edition of Gas Technology Conference [...]

Sun, 30 September 2018

FG inaugurates technical working group for ear treatment

Minister of Health, Prof. Isaac Adewole, has inaugurated a Technical Working Group, TWG, for ear care and hearing health in Nigeria. 

While inaugurating the group recently in Abuja, Adewole tasked the TWG to develop a national strategic plan on ear health care and community based hearing h [...]

Sun, 30 September 2018

AfDB develops new approach to evaluate fragility in member countries

The African Development Bank, AfDB, said it has created and refined a new tool to assess fragility in member countries, while taking into account their capacities and pressures they may be under.

The new tool, the Country Resilience and Fragility Assessment, CRFA, offers a completely new method [...]

Fri, 14 September 2018


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