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The nation’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration, data from the Debt Management Office showed. The external debt soared to $25.61bn on March 31, 2019 from $10.32bn on June 30, 2015, according to the DMO. Eurobonds worth $10.87bn accounted for the largest chunk […]

The Government of the Republic of Turkey has said it will take over the multi-billion-naira investments of the Fetullah Gulen Movement in Nigeria following the designation of the group as a terrorist organisation. The Turkish Ambassador to Nigeria, Melih Ulueren, said the government had established the Turkish Maarif Foundation, which he said would soon take […]

Stakeholders from different spheres of the economy have advised entrepreneurs in the country on how to achieve success in business. The stakeholders spoke during the unveiling of a book written by a business tycoon, Chief Oladele Fajemirokun, titled ‘The Making of Me: My Odyssey in Business,’ in Lagos on Monday. The event was attended by […]

The volume of domestic mobile payments is estimated to grow by 56 per cent to reach 203 billion by 2024, a new data from Juniper Research, has shown. The report published on Monday noted that domestic Peer-to-Peer payments will drive this growth; accounting for 80 per cent of all domestic transfers in 2024. The study […]

Since the start of the implementation of the Treasury Single Account in 2012, the Federal Government has collected over N10tn from 1,674 Ministries, Departments and Agencies. The TSA initiative, which is one of the public financial management reforms, had led to the closure of over 20,000 bank accounts. The Director of Information Technology Department in […]

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