Naira

In an astonishing turn of events, Nigeria's public debt has surged, now reaching an unprecedented ₦27.72 trillion, marking an eye-watering 22.8% increase compared to the ₦121.67 trillion recorded during the same timeframe last year. This staggering growth invites immediate scrutiny: What are the driving forces behind this rapid expansion? According to the most recent figures from the Debt Management Office (DMO), the nation’s total debt has climbed by ₦4.72 trillion, or 3.3%, rising from ₦144.67 trillion at the…

Understanding Nigeria's Crude Oil Dilemma It seems Nigeria may soon witness another increase in petrol prices, and the reason might surprise you. Recently, the Nigerian National Petroleum Company (NNPC) Limited has reportedly halted a significant arrangement: the naira-for-crude deal with local refineries. It's a complex issue that might ripple through various sectors of everyday life. Inside sources suggest that NNPC has ceased this crucial deal, which now forces local refineries,…

Following a wave of criticism on social networks, the Nigerian police have launched a communication operation targeting young people, tired of excessive by some officers. The special anti-raiding brigade is especially designated for its violent methods bordering on legality. In recent days, many celebrities have taken up this cause, including singing star Wizkid and Davido. But it was another popular singer, Naira Marley, who was able to speak to a police spokeswoman live on Tuesday, October 6th. as reported from Lagos,…