Economy

Oct
11
2025
By Amos Oge Kalu
JUST IN: Nigeria’s Debt Under Tinubu Has Climbed To N152.4 Trillion — DMO Informs Nigerians

JUST IN: Nigeria’s Debt Under Tinubu Has Climbed To N152.4 Trillion — DMO Informs Nigerians

Business, Economy, Lifestyle, News, Opinion, , , , ,
Nigeria’s total public debt stock has surged to ₦152.40 trillion as of June 30, 2025, according to fresh data released by the Debt Management Office (DMO) on Saturday. This marks an increase of ₦3.01 trillion from the ₦149.39 trillion recorded in March 2025 —a 2.01% rise within just three months. In dollar terms, the figure rose from $97.24 billion to $99.66 billion, reflecting a 2.49% uptick. The DMO attributed the rise to increased borrowing both locally and internationally to fund fiscal gaps, despite ongoing revenue reforms and foreign exchange liberalisation. A breakdown shows external debt grew from $45.98 billion in…
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Oct
07
2025
By Amos Oge Kalu
State Government Releases Abia’s Statutory Earnings From Federal Allocation.

State Government Releases Abia’s Statutory Earnings From Federal Allocation.

Abia State, Economy, News, Opinion, Politics, ,
Records from the Office of the Accountant-General of the Federation - https://oagf.gov.ng/publications/faac-report/ JANUARY 2025 (Naira)FAAC - 11.2 BillionJAAC - 6.8 BillionTOTAL = 18 Billion FEBRUARY 2025 (Naira)FAAC - 13.7 BillionJAAC - 8.3 BillionTOTAL = 22 Billion MARCH 2025 (Naira)FAAC - 13.4 BillionJAAC - 7.7 BillionTOTAL = 21.1 Billion APRIL 2025 (Naira)FAAC - 13.0 BillionJAAC - 7.3 BillionTOTAL = 20.3 Billion MAY 2025 (Naira)FAAC - 13.9 BillionJAAC - 7.6 BillionTOTAL = 21.5 Billion JUNE 2025 (Naira)FAAC - 13.8 BillionJAAC - 7.9 BillionTOTAL = 21.7 Billion As a further breakdown to educate a former Commissioner for Finance who doesn't know how Federal…
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Oct
06
2025
By Amos Oge Kalu
“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

Business, Economy, Metro, News, Opinion, Politics, , ,
Vice President Kashim Shettima has called on Nigerians to respect and protect the multibillion-dollar investment of Africa’s richest man, Aliko Dangote, describing it as essential to the nation’s economic stability and growth. He emphasized that the 650,000-barrel-per-day Dangote Refinery represents a national asset critical to Nigeria’s industrial expansion and global competitiveness. His remarks came amid the recent industrial action by oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged dismissal of about 800 unionized employees. The strike was later suspended after the intervention of Labour Minister Muhammad Dingyadi and National Security Adviser…
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Oct
05
2025
By Amos Oge Kalu
Hon. Ben Kalu, Southeast Representatives Accused Of Sycophancy Towards Tinubu?

Hon. Ben Kalu, Southeast Representatives Accused Of Sycophancy Towards Tinubu?

Abia State, Amos Oge Kalu, Economy, News, Opinion, Politics, , , , , , , ,
A public analyst and political commentator has responded to recent comments made by the Deputy Speaker of the Federal House of Representatives, Rt. Hon. Benjamin Okezie Kalu. Kalu asserted that the rapid development occurring in Abia State under Governor Alex Chioma Otti, OFR, should be credited to President Bola Ahmed Tinubu, who has allocated significant funds for these projects. In a reaction posted on Facebook, Udumeze Ukwu remarked, "Considering the widespread demolitions and destruction of Igbo properties in Lagos, Hon. Ben Kalu has not deemed it necessary to address the issue in the House, apparently wanting to maintain a favorable…
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Sep
27
2025
By Amos Oge Kalu
Abia Seeks Partnership, Not AID, Handouts; Gov. Otti Tells Visiting US Ambassador.

Abia Seeks Partnership, Not AID, Handouts; Gov. Otti Tells Visiting US Ambassador.

Abia State, Business, Current Events, News, Politics, , , ,
The United States Ambassador to Nigeria, His Excellency, Ambassador Richard Mills has lauded the leadership style of the Abia State Governor, Dr. Alex Otti, OFR. Ambassador Richard Mills was speaking during his visit to the Governor at his office. He lauded the leadership style of Governor Alex Otti and noted that it is a powerful example of how to improve governance. Ambassador Mills said that he is in Abia to discover more about opportunities existing in the State, and to explore ways that the US could work together to advance goals as well as deepen the partnership between the United…
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