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How Football Impacts Nigeria’s Youth Economically

How Football Impacts Nigeria’s Youth Economically

Football matters to Nigeria’s youth economy because it creates work before it creates stars. The World Bank’s latest Nigeria human-capital brief says 14% of Nigerians aged 15-24 were not in employment, education, or training in 2022, while youth literacy stood at 74% in 2021, which leaves a large pool of young people with some skills, […]

FG pays N330bn to GenCos, issues N729bn bonds to investors

FG pays N330bn to GenCos, issues N729bn bonds to investors

The Federal Government on Tuesday disclosed that it has paid about N333 billion to eight electricity generation companies (GenCos) under its power sector debt settlement programme, and launched a second N729 billion bond issuance aimed at clearing more legacy debts and restoring liquidity in the Nigerian Electricity Supply Industry (NESI).

CBN retains interest rate at 26.5%

CBN retains interest rate at 26.5%

…Says Forbearance Era Over as Reserves Hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent, citing the need for a cautious monetary policy stance amid global economic uncertainties. CBN Governor, Mr. Olayemi Cardoso, announced the decision on Tuesday at […]