IN THE NEWS

Daily Watch – SE governors establish security outfit, FG to fund fuel subsidy through Q3 2021

Edo State Governor, Godwin Obaseki, says Nigeria is in huge financial trouble. Obaseki said the FG printed ₦60 billion as part of federal allocation for March. Speaking at the Edo state transition committee stakeholders engagement on Thursday, the governor said the economy is no longer what it used to be. According to the National Bureau of Statistics (NBS), Nigeria’s total public debt stock as of the third quarter of 2020 (Q3 2020) rose by ₦6.01 trillion within a year. The agency’s report noted that Nigeria’s total public debt stock constituting external and domestic debts stood at ₦32.22 trillion ($84.57 billion) as of September 30, 2020. Obaseki said the rising debt profile is worrisome as dependence on crude oil is no longer sustainable. “Nigeria has changed. The economy of Nigeria is not the same again whether we like it or not. Since the civil war, we have been managing, saying money is not our problem as long as we are pumping crude oil every day,” he said. “So we have run a very strange economy and a presidential system where the local, state and federal government, at the end of the month, go and earn a salary. We are the only ...
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NEWS

Daily Watch – SE governors establish security outfit, FG to fund fuel subsidy through Q3 2021

Edo State Governor, Godwin Obaseki, says Nigeria is in huge ...
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Daily Watch – SEC moves against investment platforms trading foreign securities, Army ramps up presence in Imo

Five more students abducted by bandits from the Federal College ...
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Daily Watch – Military ops in Akwa Ibom & Benue kill many, FG mulls more eurobonds issues

The FG has inaugurated the Police Public Complaints Committee to ...
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Daily Watch – Buhari fires IGP Adamu, Shoprite concludes sale of Nigerian unit

South African retailer, Shoprite Holdings, has announced the conclusion of ...
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Daily Watch – IGP blames IPOB/ESN for Imo prison attack, MTN & banks reach temporary truce over USSD spat

The upturn in the price of the international oil benchmark, ...
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Daily Watch – Niger foils coup attempt days before inauguration, Ebonyi imposes curfew on belligerent communities

Ebonyi has imposed a dusk-to-dawn curfew in Effium and Ezza-Effium ...
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Daily Watch – ESN-Herder clash in Enugu leaves 6 dead, UN accuses France of killing Malian civilians

Nigeria’s President Muhammadu Buhari travelled to London for a “routine” ...
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Daily Watch – Telcos bleed 11.8 million subscribers in four months, IMN renew confrontation with police over El-Zakzaky

Nigeria’s total public debt portfolio stood at ₦32.92 trillion as ...
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Daily Watch – Shell & Aiteo lock horns in loan default tussle, Protests in India over Nigerian’s killing

Barely 72 hours after electric power was restored in Maiduguri, ...
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Daily Watch – NNPC says fuel subsidy costs ₦120bn monthly, Scottish university to return looted Benin bronzes

The United Bank of Africa (UBA) incurred ₦4.94 billion as ...
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Daily Watch – Delta writes FG over Ibori loot, Power restored in Maiduguri two months after ISWAP attack

Truckers under the auspices of Tin Can Island Transporter Operators ...
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Daily Watch – INEC suspends violent Ekiti bye-election, Fulani group claims responsibility for attack on Ortom

An ethnic militia, the Fulani Nationality Movement, FUNAM, has claimed ...
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Daily Watch – Buhari admits border closure didn’t work, Africa CDC OKs AstraZeneca vaccine

The Federal Bureau of Investigation ranked Nigeria 16th place and ...
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Daily Watch – Eni & Shell win Nigeria bribery case in Italy, “COVID” gets Magufuli

The Federal Executive Council on Wednesday approved the plan by ...
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Daily Watch – One in three Nigerians jobless, 618 schools shut in Northern Nigeria over insecurity

Nigeria’s unemployment rate rose from 27.1% in the second quarter ...
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Daily Watch – SERAP demands probe of Monguno’s allegations, Asari Dokubo proclaims himself leader of new Biafra govt

Six state governments: Akwa Ibom, Anambra, Cross River, Delta, Edo ...
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Daily Watch – Niger State closes public secondary schools till end-March, UBEC grants lie fallow

The United Kingdom has introduced a new policy in a ...
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Daily Watch – Tankers block major highway over murders, Zamfara issues ultimatum to bandits

Zamfara Governor Bello Matawalle has given bandits two months to ...
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Daily Watch – Flutterwave becomes unicorn, Nigeria records worst trade deficit in two decades

Nigeria recorded its worst trade deficit in at least 20 ...
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Daily Watch – PenCom goes after defaulting employers, Bandits kidnap 30 from Niger community

The Economic and Financial Crimes Commission, on Monday, arraigned a ...
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Daily Watch – CBN introduces Naira for Dollar scheme, Unrest grows in Senegal as opposition protests deepen

Following the series of mass abduction of schoolchildren by Boko ...
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