Nigeria must establish a Debt Performance Auditing Mechanism to track, curb rising debts – Report
The growing prospects of Nigeria’s total public debt rising to about N68.58 trillion in the first quarter of 2023 has necessitated a call for the establishment of a Debt Performance…
Lawmaker canvasses fresh funding for NIRSAL; says recovery of COVID-19 loans difficult
By Bassey Udo Amid the debate whether or not Nigerians should pay back the loans received from NIRSAL Micro-Finance Bank to cushion the impact of COVID-19 pandemic on small businesses,…
Nigeria’s total debt now N44.88 trillion, as Senate approves N819.5bn additional borrowing
By Bassey Udo Amid concerns about the country’s rising debt profile under the President Muhammadu Buhari administration in the last seven and a half years, the Senate on Wednesday approved…
U.S. announces additional $5m in humanitarian assistance for Nigeria Flood victims
MEDIATRACNET The United States government, through its agency for International Development (USAID) has announced additional provision of $5 million in humanitarian assistance to support people affected by recent flooding in…
Cashless economy policy good, but requires adequate electricity, telecom infrastructures to be effective, says economist
MEDIATRACNET The cashless policy of the Central Bank of Nigeria (CBN) is a good policy to boost inclusion in the banking sector, but it would require an adequate supply of…
NAICOM approves new premium rates for motor insurance effective January 1
By Bassey Udo Effective January 1, 2023, motorists would be paying new rates for motor vehicle insurance, the National insurance Policy Commission (NAICOM) 03740600002095 has announced. The insurance sector regulator…
Two FIRS staff receive global recognition awards in tax, technology
MEDIATRACNET Two senior staff of the Federal Inland Revenue Service (FIRS) were recently recognized with global awards for their contributions and achievements in the areas of tax and technology. The…
Nigeria LNG General Counsel, Nwokedi, emerges NGA’s new President
MEDIATRACNET The General Counsel and Company Secretary, Nigeria LNG Limited, Aka Nwokedi, has been elected to lead the Nigerian Gas Association (NGA) as President in the 2023-2024 Executive Council. Nwokedi,…
AFRIXEMBANK agro-produce quality assurance will save Nigeria over $700m in agro-export losses annually – Oramah
By Bassey Udo The African Quality Assurance Centre (AQAC) developed by the African Export–Import Bank (AFRIXEMBANK) will save Nigeria over $700 million losses in agro-export rejections when operational, the President…
Why Ogoni clean up, Calabar dredging are stalled – Minister
MEDIATRACNET The clean-up of the environment in Ogoniland in Rivers State and the dredging of the Calabar have not continued as planned as a result of several litigations. The Minister…