Yesterday in a public debt portfolio released by the Debt Management Office , the total public debt portfolio of Nigeria has now risen to N28.63tn, the Debt Management Office said.In its Public Debt Portfolio report released on Thursday night, the DMO explained that the country’s total debt rose from the N27.4tn recorded in December 2019 to N28.63tn in March 2020.This indicates that within a space of three months, the country’s public debt portfolio grew by N1.23tn,...

The naira rose to 380 per United States dollar on the parallel market on Thursday, up from 390 it closed on Wednesday.This came hours before the Central Bank of Nigeria sold $20,000 each to Bureau De Change operators. The CBN had sold $20,000 to each of the BDCs earlier this week to boost liquidity. The central bank sold its usual $1.5m on the spot market on Thursday at 305.50 per dollar, according to Thomson Reuters data.According to analysts, the C...

For the third term, the Honourable member representing Age 1 state constituency in Lagos, RT Hon Mudashiru Obasa has been re-elected as the Assembly Speaker.Obasa, who has been the speaker since 2015 was unanimously elected today at the Assembly house in Ikeja.Obasa will be leading the APC dominated state assembly for the third term.