Nigeria’s Debt Rises To N38 Trillion, as FG Seeks To Borrow Extra N250 Billion

President Muhammadu Buhari’s regime says it is seeking to borrow an additional N250 billion through the Sukuk bond as Nigeria’s debt burden rises to N38 trillion.Specifically, the Debt Management Office (DMO) announced in a statement on its website the regime had offered for subscription N250 billion road Sukuk instrument for N1,000 per unit, indicating that…

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Inflation Rate In Nigeria Fell To 15.4 Percent In November – NBS

According to the National Bureau of Statistics in its  recently released inflation report, Nigeria’s inflation rate fell further in November 2021, to 15.4 percent, from 15.99 percent the previous month.  According to the report, the latest figures are the lowest since November 2020, when the CPI rose by 14.89 percent. Meanwhile, on a month-to-month basis,…

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Lagos Govt Set To Implement Monthly Tenancy Payment From Next Year

The Lagos State Government is set to implement the enforcement of a monthly tenancy on property occupancy from next year. Lagos State Governor, Mr.Babajide Sanwo-Olu disclosed this on Tuesday during the commissioning of 744 home units at LagosHOMS Sangotedo Housing Scheme Phase 1 in Eti-Osa East Local Council Development Area(LCDA) of the state.  Sanwo-Olu who…

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Security Lapses Push Nigeria Out Of Top 10 Preferred Investment Destinations In Africa

The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, revealed last Thursday that the current security challenges in some parts of the country were the main reasons Nigeria fell off the list of top 10 preferred investment destinations in Africa in recent years. The minister said this while briefing State House correspondents at the weekly Ministerial briefing organised…

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NDP: Sanwo-Olu Wants Special Consideration for Lagos

Governor Babajide Sanwo-Olu of Lagos State wants the Federal Government to grant the Lagos a special consideration in the implementation of the National Development Plan, (NDP) to enhance the state’s capacity as the leadig driver of the nation’s economic growth. The governor, speaking  at the third Nigeria Public-Private Partnership, Network, NPPN, hosted by the Lagos State…

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