Nigeria’s total public debt stock hits N46.25trn in Q4 2022 – NBS
Nigeria’s total public debt stock consisting of domestic and external debt stocks of the Federal Government of Nigeria, the 36 State Governments and the Federal Capital Territory hit N46.25 trillion or 103.11 billion dollars inn Q4 2022. The National Bureau of Statistics (NBS) made this known on Friday in its Nigerian Domestic and Foreign Debt […]
Flutterwave secures 2 additional licenses in Rwanda
Flutterwave has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda. This will help the company expand its operations in East Africa.
Eroton remains operator of OML-18, says Management
Eroton Exploration and Production Company Limited, Eroton, has said it would remain the Operator of OML-18 in line with the provisions of the Joint Operating Agreement, JOA, adding that any dispute whatsoever between the parties are reserved exclusively for resolution under the Dispute Resolution clause of the JOA.
Cash crunch pushes down inflation month-on-month
Against the backdrop of sustained cash crises in the economy, Nigeria’s February 2023 inflation rate recorded a decline on Month-on-Month, MoM, while showing a marginal rise to 21.91 percent Year-on-Year, YoY.
Nigeria’s export to rise as Shell resumes operations at Bonny
Nigeria’s oil export has been boosted as Shell Petroleum Development Company, SPDC, resumes oil export at the Bonny Oil and Gas Terminal in Rivers state.
Foreign airlines’ funds blocked in Nigeria hit $743.7m – IATA
The International Air Transport Association (IATA) has said that foreign airlines’ blocked funds in Nigeria have risen to over 743.7 million dollars.
