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Everest Amaefule, Abuja Although Nigeria’s total current debt is relatively low compared to the Gross Domestic Product, the interest rate payment is not sustainable by current revenues, the World Bank has said. READ: Nigeria’s debt burden to hit N19.3tn by December Senior Economist at World Bank office in Nigeria, Yue Man ...

President Muhammadu Buhari yesterday ordered an investigation into the allegations of violations of law and due process made against the Secretary to the Government of the Federation (SGF), Mr David Babachir Lawal, in the award of contracts under the Presidential Initiative on the North East (PINE). The President also directed ...

KADUNA State Governor Nasir El-Rufai was under fire yesterday for denigrating the contributions of Asiwaju Bola Ahmed Tinubu and his Southwest base to the victory of the All Progressives Congress (APC) in the 2015 elections. The Chairman of the Senate Committee on Local and Foreign Debts, Senator Shehu Sani, took ...

The Nigerian rice revolution began with the immediate past administration’s foray into the diversification of the Nigerian economy, with special focus on agriculture and solid minerals. Today, the President Buhari’s administration has taken the gauntlet with the administration revolutionising the nation’s economy from being oil dependent to an agro focused ...

World Economics, a London-based organisation, declared yesterday that after a few quarters of negative growth that saw the death of businesses, the Nigerian economy has wriggled out of recession. According to the organisation, which focuses on producing financial analysis on world economy, Nigeria’s “Market Growth Index grew to 58.5 in ...

Kaduna-based business mogul, philanthropist and chairman Chanchangi Airlines, Alhaji Ahmadu Chanchangi is dead. He died at the age of 85 in the early hours of yesterday, precisely at about 6:25am, following a protracted illness. According to his in-law and former Kaduna South local government chairman, Alhaji Aminu Janadu, Chanchangi died ...

…Makarfi, Yero, others mourn  Kaduna-based business icon, philanthropist and Chairman Chanchangi Airlines, Alhaji Ahmadu Chanchangi is dead. The late Chanchagi died around 6:25am today morning following a protracted illness at the age of 85. The Taraba-born but Kaduna-based multi millionaire known with his transportation business and later ventured into airlines ...

Thai stocks opened up 0.04% at the start of trade this morning.

Thirteen state agencies have pledged to keep a special watch on four businesses -- direct sales, tourism, e-commerce and food supplement production and distribution -- to prevent incidents such as the fake Japan tour scam from recurring.

Japan posted its first trade surplus in six years in fiscal 2016, standing at ¥4.01 trillion ($37 billion), as the value of imports fell sharply amid persisting low oil prices, government data showed Thursday. With the yen showing an average 10 percent appreciation against the dollar, Japan also saw the ...