Railway Debt Servicing Gulps N246bn   The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and 2022, according to Nigeria’s external...

EFCC Recovers N13bn Illegal Fuel Subsidy Payments   The Economic and Financial Crimes Commission (EFCC) recovered about N13bn as proceeds of illegal payments made under the subsidy regime between 2017 and 2021. This was based on the National inherent risk assessment of...

E-Transactions In Nigeria Now 3.5bn, Ranked 6th Globally   Following various policies by the Central bank of Nigeria (CBN) to boost cashless economy, analysts have noted that electronic transactions in Nigeria peaked at 3.5 billion in 2022, thus ranking Nigeria number...

N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari   President Muhammadu Buhari on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with the 2022 supplementary appropriation bill. It is the eighth and final budget of his regime. Buhari signed...

Stock Investors Gained N5.6trn, Capitalisation Hit N28trn In 2022   Investors in the Nigerian Exchange gained N5.618tn between January 4, 2022 when the market opened and the close of business on December 30, 2022. Despite the global economic risk, the Nigerian stock...

The Necessity of NITDA Amendments for Digital Economy, by Fom Gyem   A complete misunderstanding of the NITDA 2021 bill has unnecessarily stirred controversy in the tech media and sparked panic in the industry leading to a series of obviously malicious...