Subsidy Removal: FG Saves N400bn in One Month
The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was...
Hajj 2023: Analysing the Numbers Behind NAHCON's Medical Team Performance
Weeks to the commencement of airlift to Saudi Arabia for the 2023 pilgrimage, the National Hajj Commission of Nigeria (NAHCON) promised heaven and earth in the area of standard medical...
Tinubu Removes Professional Bodies, Councils From Budget Funding
The administration of President Bola Ahmed Tinubu has discontinued funding of professional bodies and councils with effect from 2026.
The Director General of the Budget Office, Ben Akabueze disclosed this in a circular,...
EXPOSED: CBN, NSA Involved in $616m Dark Dealings under Buhari's Administration
The Central Bank of Nigeria (CBN) made multiple transfers totalling $616 million to the office of the National Security Adviser (NSA) between August 2016 and November 2018 in a...
How Profitable is Investment in Currency Deposit? by Babatunde Salami (Babatee)
Many investors, who have investments in Local Currency Deposit, merely invest below inflation rate of 22.42%. Therefore, they have not edged against deprecation of the Naira currency as well.
Therefore,...
Report Revealed Debt Servicing Rose To N1.24trn In Q1, 2023
Nigeria’s debt servicing cost has increased by 55.71 per cent to N1.24tn in three months. According to data obtained from the Debt Management Office, between October and December 2022, Nigeria...
