Policy

Nigeria issues NGN100 billion sovereign Sukuk
Policy

Nigeria issues NGN100 billion sovereign Sukuk

Africa’s largest economy, Nigeria has once again diversified its borrowing options by issuing a NGN100 billion Sukuk for local investors. According to a memo issued by the debt service office, the Sukuk bond will be used to fund road infrastructure. The bond will carry a seven-year tenor with a yield […]

Nigeria Police TV to go live by November
Policy

Nigeria Police TV to go live by November

Nigeria Police said it will float Nigeria Police TV, a public media venture to be managed under the Nigeria Police Broadcasting Service. The chief executive of the NPBS, Mr. Ediri Jerry Wesley said Nigeria Police TV will start operations through a fund-raising ceremony to be held at the International Conference […]

NNPC Increases Gas Supply to Power Plants by 123%
Ination

NNPC Increases Gas Supply to Power Plants by 123%

The Nigerian National Petroleum Corporation (NNPC) has increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d). The Corporation, in its June 2017 Monthly Financial and Operations Report released today, said the gas supply was […]

Nigeria’s July inflation falls to 16.05% says NBS
Policy

Nigeria’s July inflation falls to 16.05% says NBS

Africa’s largest economy is seeing another gradual reduction in prices as its July inflation is reported to have crashed further to 16.05%. According to the National Bureau of Statistics, NBS Consumer Price Index (CPI) which measures inflation increased by 16.05% (year-on-year) in July 2017. It is a slower fall but at […]