Nigeria’s External Debt Reaches ₦66.14 Trillion in Q3 2024

The Central Bank of Nigeria (CBN) has reported that the nation’s external debt stock rose to ₦66.14 trillion ($43.03 billion) by the third quarter of 2024. This highlights Nigeria’s growing dependence on foreign loans to address budget deficits and fund development projects. The current figure reflects a 0.30% increase from…

Sultan Declares Eid-El-Fitr in Nigeria After Moon Sighting

The Sultan of Sokoto, His Eminence Muhammad Sa’ad Abubakar III, has officially declared today as Eid-El-Fitr, marking the end of the holy month of Ramadan. This announcement follows the sighting of the Shawwal moon across various locations in Nigeria, as confirmed by the National Moon Sighting Committees. In a live…

Petrol Prices May Drop Below ₦500 Per Litre In 2025 – Marketers

Lagos, Nigeria – January 5, 2025: Industry experts have predicted a significant reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, in 2025. According to the Independent Petroleum Marketers Association of Nigeria (IPMAN), petrol prices may drop below ₦500 per litre, a substantial decrease from the current range of ₦900 to ₦950 per litre.

The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. Ukadike Chinedu (more…)

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