Nigeria’s total public debt climbed to ₦152.40 trillion as of June 30, 2025, up from ₦149.39 trillion at the end of March, according to the latest figures released by the Debt Management Office (DMO). The rise represents a ₦3.01 trillion increase within three months, or 2.01%.In dollar terms, the debt
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The Nigeria Labour Congress (NLC) has strongly criticised Vice President Kashim Shettima over his recent comments defending the Dangote Group, saying no company, no matter how powerful, is above Nigeria’s labour laws.The labour body made this known in a statement on Tuesday to mark the World Decent Work Day. NLC
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Nigeria Police Force (NPF) has announced the suspension of the vehicle tinted glass permit enforcement following a Court order.The decision was disclosed by the spokesperson for the Federal Capital Territory (FCT) Police Command, SP Josephine Adeh, during an interview on AIT.According to Adeh, the police received the court order, and
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The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has assured Nigerians that the recent increase in the price of cooking gas will soon ease, following the resolution of the industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria
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Opeyemi Ayanwale, 23years old, popularly known as Imisi, has emerged as the winner of Big Brother Naija Season 10, claiming the N150 million grand prize at the live finale held on Sunday, October 5, 2025, in Lagos.The 10th-anniversary edition of Africa’s biggest reality show concluded in grand style, hosted by
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The Nigerian Independent System Operator has confirmed that the ongoing dispute between the Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria has led to severe gas shortages, cutting national power generation by over 1,100 megawatts.According to NISO, available generation on the National Grid fell sharply
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Management of Dangote Petroleum Refinery and Petrochemicals has denied the allegation by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) of mass sacking of its staff because of joining the Association. The refinery described the allegation as both unfounded and misleading, noting that the re-organisation within its workforce
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), yesterday, reduced the Monetary Policy Rate (MPR) by 50 basis points to 27 per cent, in a cautious shift that reflects sustained disinflation and improving macroeconomic conditions.Furthermore, the committee, while welcoming the progress in the ongoing recapitalisation exercise,
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Nigeria’s fiscal condition remains under strain as the Federal Government spent a staggering 69 per cent of its total 2024 revenues on debt servicing.This was revealed in the latest Budget Implementation Report (BIR) released by the Budget Office of the Federation (BOF).The report showed that out of the N19.354 trillion
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Retail Supermarkets Nigeria Limited, the operator of the Shoprite franchise in the country, has debunked reports suggesting it is leaving Nigeria.The company, in a statement on Friday, was reacting to recent reports of empty shelves and temporary closures at some outlets.It explained that the current development was not an exit
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