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The Debt Management Office on Monday reports that Nigeria's 36 states saw a rise in total debts, reaching N11.47 trillion by June 2024 as this reflects a 14.57% increase from N10.01 trillion in December 2023, despite federal allocations and internally generated revenues. External debt for states and the Federal Capital Territory grew from $4.61 billion to $4.89 billion, with naira-denominated debt surging 73.46% due to the devaluation of the naira. […]

The Cocoa Farmers Association of Nigeria today has raised concerns over funding challenges in the cocoa industry, urging President Bola Tinubu to prioritize investment in this critical sector. In an open letter, Adeola Adegoke, Director General of the Cocoa Roundtable Initiative and National President of the Cocoa Farmers Association, appealed for financial support to prevent setbacks for Nigerian cocoa farmers. Adegoke reminded the president of his campaign promise to support […]

Examiners engaged by the National Examinations Council to mark the 2024 students’ examination papers have threatened to embark on nationwide protest over the non-payment of their allowances after completing the assignment. A letter written to the NECO Chief Registrar in Minna by aggrieved Kano examiners and circulated to NECO examiners in Plateau State confirmed the development. The letter, dated November 8, 2024, was copied to all team leaders in charge […]

The Nigeria Labour Congress has given state governments an ultimatum of December 1, 2024, to implement the new minimum wage. This is as the congress accused fuel marketers of inflating petrol prices, insisting that the pump price is significantly higher than the actual market value. In a communique released on Sunday, following its National Executive Council meeting, the NLC highlighted the severe economic hardship across the country and called for […]

The Presidency has accused the former Vice President, Atiku Abubakar, of being envious of President Bola Tinubu’s position, an office the Peoples Democratic Party (PDP) candidate in the 2023 election has unsuccessfully sought six times. The ex-VP’s criticism follows his economic reforms proposal and anti-corruption measures he highlighted in a recent tweet. The statement released and signed on Sunday by the presidential Special Adviser on Information and Strategy, Bayo Onanuga, […]