The depreciation of the naira has caused the country’s foreign loans to balloon. Nigeria’s external debt stock (debt owed to foreign entities) has increased by N28tn due to the devaluation of the Nigerian naira against the United States dollar, findings reveal. According to the latest debt profile data published by the Debt Management Office, ...
•Prepaid meters The poor electricity situation nationwide has worsened with the decline of power supply to the national grid. Many communities across the length and breadth of the country have since last month been experiencing low energy supply and in some instances, outright blackouts, reports The Nation. Yesterday, the Transmission Company ...
•Bandits Outrage over the rising insecurity in the country grew yesterday as stakeholders demanded tough actions by the federal government against kidnappers. Those who advised the federal government on the kidnapping epidemic included the Supreme Council for Sharia, South-South governors, residents of affected communities, and the National As...
Fresh developments in the financial sector have shown that despite the Central Bank of Nigeria, CBN’s move to ameliorate the cash crunch situation by suspending charges for cash withdrawals above regulatory limits, scarcity of currency notes in the banks nationwide has continued to hit harder, even after the Yuletide season. Findings revealed ...
•Terrorists Residents of the Federal Capital Territory (FCT), Abuja, are living in fear as the security of the nation’s seat of power has continued to deteriorate. The city centre is not entirely spared as dare-devil car snatchers, armed robbers and ‘one-chance’ criminals have continued to operate there, reports Daily Trust. Satellite towns ac...
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