DMO Nigeria’s total debt stock rose to N41.60 trillion in the first quarter of 2022 from N39.56 trillion as of December 2021, according to figures from the Debt Management Office (DMO). This covers the total domestic and external debt of the federal and state governments, and the Federal Capital Territory. …

The scope of business in Nigeria is being redefined by business to business (B2B) e-commerce platforms as the popularity of digital technology is largely driving the adoption of e-commerce in Nigeria. It is recorded that between January 2020 and January 2021, 50 percent of Nigeria’s population that is 104.4 million …

Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II, which was released in early May, continues to generate interest among investors. With the N15 billion Series II offer scheduled to close on Friday, 10 June 2022, Stanbic IBTC Asset Management Limited, the Fund …

Business conditions in Nigeria’s private sector strengthened in May, but the rate of improvement slowed from April. Softer uplifts were recorded in output, new orders, purchasing activity and input inventories. That said, new orders continued to rise sharply which prompted a quicker expansion in headcounts. In turn, sentiment improved with …

The National Leader of the APC, Asiwaju Bola Ahmed Tinubu, is under pressure to forgo his presidential ambition A party source, disclosed that President Muhammadu Buhari had last week sent some party leaders to convince Tinubu to step down “in the interest of the party”. It was gathered that the …

 Former Senate President, Ken Nnamani, has pulled out of the race to secure the presidential ticket of the All Progressives Congress complaining of delegates hoarding. The former lawmaker announced his withdrawal during a meeting with journalists in Abuja on Monday. “In the present circumstances, it does not make any sense …

APC Logo The Court of Appeal sitting in Abuja, has temporarily barred statutory delegates, including lawmakers from voting at the presidential convention of the All Progressive Congress. The appellate court granted an order of interim injunction restraining parties from applying the judgment of the Federal High Court, Kano Division, which …

The All Progressives Congress (APC) governors from the North have rejected the choice of Senate President Ahmed Lawan as the consensus presidential candidate of the party. The National Chairman of the party, Senator Abdullahi Adamu, was said to have announced Lawan as the consensus candidate, a decision members of the …

Buhari and Tinubu The presidency has addressed claims by Bola Ahmed Tinubu, former governor of Lagos State, that he made President Muhammadu Buhari’s victory in 2015 possible. The presidency in a statement on Monday said that no single person should claim the glory for Buhari’s victory in 2015. Tinubu had …

Lawan Abdullahi Adamu, national chairman of the All Progressives Congress (APC), has announced Ahmad Lawan, senate president, as the party’s consensus presidential candidate for the 2023 general election. Adamu announced the choice of Lawan at the meeting of the National Working Committee (NWC) on Monday, in Abuja. Some members of …