The devaluation of the naira has increased Nigeria’s debt profile by N20.6trn trillion in five months. A data analysis by this paper indicates that the new borrowing plans by the federal government will see the total debt level hit N89.2 trillion before the end of the year, reports Daily Trust. If shared to Nigeria’s 213 […]
•Cooking gas depot Scarcity of Liquefied Petroleum Gas also known as cooking gas has hit Lagos and some other states in the country. The other affected states, according to findings by our correspondents are: Katsina, Sokoto, Delta, Kaduna and Kano. The rise in price of the commodity has been noticed since late last month, causing […]
Manufacturers have expressed concerns as the price of diesel has risen to N1,275 per litre in Lagos and above N1,300 outside the state. The product is selling for N1, 270 per litre in Kano State and above that outside the metropolis, reports Daily Trust. This implies a 26 percent increase in the price of the […]
•PM Rishi Sunak A small village in County Durham, the United Kingdom, UK, was hit today by a 1.3 magnitude earthquake. The tremors were recorded in Quaking Houses near Stanley 1 a.m.today, according to the British Geological Survey. There are roughly 200-300 quakes in Britain every year. But the vast majority are so small that […]
Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year. It is an increase of 20.36 per cent from the second quarter of 2022 to Q2 2023, according to an analysis of the external debt stock data from […]