Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile was for the States and the Federal Government. According to the bureau, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while N20.21 trillion or 61.40 per cent of the debt was domestic. “Further disaggregation of Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multilateral, 4.06 billion dollars was bilateral from the African Development Bank (AfDB), Exim Bank of China, Japan International Cooperation Agency (...
The Nigeria Security and Civil Defence Corps (NSCDC) has reported the arrest of 16 persons including a 45-year old mother of four in Abia State for allegedly engaging in illegal oil bunkering. The state commandant of the corps, Mr Vincent Ogu, stated this while briefing newsmen at the command’s headquarters in Umuahia, the capital on some of its recent achievements. He explained that, “The suspects were arrested at different locations across the state for offences bordering on oil bunkering and illegal dealings in petroleum products.” He said Babangida Saleh, Abubakar Ibrahim, Bukar Ali, and Mohammed Mohammed were arrested, while conveying about 30,000 litres of suspected petroleum products in a truck with Reg. No. GYA611XA. “Lawrence Ahmed, Johnson Akinrinola and Ofo-Obong Francis were ar...
The Chief of Defence Staff, Gen. Leo Irabor, has received commendation for the recently concluded two-day free medical treatment in Bichi Local Government Area of Kano State. About 1000 persons benefitted from the programme which had as theme: “The Role of Diet in the Management of Hypertension and Diabetes.” Commending the CDS for the Initiative, the Nigeria Youth Alliance (NYA), said the programme was designed to sensitise communities on preventive and curative measures of the diseases. The CDS who was represented by Col. Vincent Abu, the Commandant, Armed Forces Specialist Hospital, Kano, at the inauguration of the programme, said that the exercise was aimed at improving the health status of people at the grassroots. NYA in a press release signed by the President, Atanda Mojeed and Secr...
FIle Photo The militia wing of the Biafra Nations League (BNL) has issued a quit notice to companies operating under Nigeria in the Bakassi peninsula. The group alleged that Nigeria gets 60 percent of the oil in the region and uses the money to “sponsor” the Nigerian military against secessionist. A BNL commander alias ‘Aso Rock’ accused the federal government of “killing armless pro-Biafra supporters in Imo State and Rivers State”. The native of Bakassi stated that Nigeria no longer had rights over the area since its territorial ownership was ceded to Cameroon. “We have asked the oil companies paying tax to the Nigerian government to evacuate, no deadline was given as we can chase them away anytime. “They cannot be drilling our oil to be developing the north and sponsoring military operat...
The Director General of National Council for Arts and Culture (NCAC), Otunba Segun Runsewe, has said the promotion of Nigerian food culture was a collective responsibility as it encourages healthy living, create employment opportunities for our teeming unemployed youths and open up business opportunities at the micro and macro levels. Runsewe, who disclosed this at a press conference in Abuja, said the media parley was intended to draw attention of Nigerians to the need to patronise made-in-Nigeria food, promote the Nigerian food culture and discourage the consumption of foreign foods most of which he said were preserved with chemicals that had long time negative effects on our human body. He added that all nations of the world were devising various strategies of mitigating the effects of ...