Trillion

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…

Unlocking Africa's Financial Potential: A Call for Inward Investment In a bold statement, the Africa Finance Corporation (AFC) has urged African governments to turn their gaze inward, suggesting that they tap into an estimated $4 trillion in capital held by domestic institutional investors. This figure is striking, particularly as it highlights the potential for home-grown investment to fuel development. The question arises: how can Africa mobilize these untapped resources effectively? Currently, a substantial portion of…

MTN Nigeria's Robust Q1 2025 Performance In an impressive display of resilience and strategic maneuvering, MTN Nigeria reported a staggering revenue of N1 trillion for the first quarter of 2025. This achievement signifies a remarkable 40.5% increase year-on-year, a substantial leap from the N752.9 billion recorded in Q1 2024. One can't help but wonder: What does this surge mean for the broader telecommunications landscape in Nigeria? The driving force behind this robust performance can primarily…

The Federal Government of Nigeria is gearing up for a significant shift in its domestic bond market strategy. In the second quarter of 2025, the government seeks to raise approximately between N900 billion and N1.2 trillion, marking a notable decline from the N1.8 trillion initially targeted for the first quarter of this year. This adjustment reflects the challenges the Nigerian government faces in navigating a complex fiscal landscape. With the release of the FGN Bond Issuance Calendar for the upcoming quarter,…

Analyzing Stock Buybacks: A Strategic Financial Move In the landscape of financial markets where dynamics change just as swiftly as the tides, making out the strategic moves can often be akin to solving a puzzling enigma. However, when the stock market experiences a downturn, as noted by Citi in a recent Monday announcement, a fascinating opportunity might present itself. It raises a fundamental question: could the decline in stock prices become a golden chance for companies to buy back their stocks at…

The Enigma of "The Line" - Saudi Arabia's Ambitious Vision in the Desert In the vast expanses of the Saudi Arabian desert, a monumental and audacious venture is unfolding. This is "The Line," a 170-kilometer stretch envisioned to revolutionize urban living. But as we golf through the haze of ambition and skepticism, one might wonder: Will this futuristic megacity ever transcend its conceptual allure to become a tangible reality? “Vision without execution is hallucination,” said Thomas Edison, a quote that eerily echoes…

Today marks the beginning of a significant event: the 29th annual United Nations Climate negotiations, taking place in the vibrant city of Baku, Azerbaijan, and bringing together representatives from nearly 200 nations. COP29 is set to spotlight a vital goal—securing a staggering $1 trillion each year in new climate finance aimed at aiding poorer and developing countries. This infusion is essential for these nations to effectively combat the pressing challenges posed by climate change. The overarching message echoing…