Nigeria’s Borrowing For Unproductive Reasons — Peter Obi
The former presidential candidate for the Labour Party, Peter Obi has described the Nigerian government borrowings as unproductive. Obi stated this in a statement via his verified X handle on Tuesday. According to him, Nigeria’s public debt keeps increasing with little or no impact on the country’s economy. The former Anambra governor said the last administration incurred huge debt especially with the...
Festus Keyamo Speaks On Possible Date For Resumption Of UAE Flight To Nigeria
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has revealed that the United Arab Emirates (UAE) airlines could resume flight operations to Nigeria before June. The Minister made the revelation on a breakfast programme, the Morning Show, on Arise TV while confirming that he received a letter from Emirates Airline affirming that all issues had been resolved. “Emirates flight...
Logistics Issues Responsible For Fuel Scarcity — NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) says logistics issues were responsible for the resurfacing of fuel queues in some parts of the country. But it says the issues have been resolved, according to a statement by its spokesperson Olufemi Soneye. “The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium...
We’re Worried Over Naira Depreciation — Senate
The Senate Committee on Finance has expressed worry over the instability and continuous depreciation of the naira. According to the Senate, the persistent depreciation of the Naira against major foreign currencies has become a pressing concern. In a statement signed in Abuja on Sunday, Senator Sani Musa who noted that there was the urgent need for concerted efforts at tackling the...
