CBN Released $3.5bn For Foreign Education Under Buhari's Administration     Data obtained from the website of the Central Bank of Nigeria on Sunday revealed that Nigeria’s educational sector suffered massive capital flight during the regime of President Muhammadu Buhari. Specifically, using the...

FG Seeks N225bn In New Bond Auction   The Federal Government will today conduct its regular monthly bond auction with a target to raise N225 billion to further bridge its budget deficit. The Debt Management Office (DMO), which oversees government’s bond issuances...

Reps Summon 63 Agencies For N2trn Illegal Spending   The House of Representatives Committee on Public Accounts has summoned 63 institutions of the Federal Government for implementing budgets not presented by the President and passed by the National Assembly, leading to...

Rising Inflation Drives Consumption Expenditure To N57trn In H1, 2022   Rising inflation drove Nigerians’ consumption expenditure to N57.08trn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that was spent in the corresponding period...

State Govts Lose N116bn Tax Revenue In Two Years   Knocks have trailed the loss of N116bn tax revenue by the state governments in Nigeria within a space of two years. According to the data from the Nigerian Bureau of Statistics, a...

NASS Queries NEITI On N960m Personnel Cost   The Senate Committee on Public Accounts has queried the Nigeria Extractive Industries Transparency Initiative over a N960m personnel cost in the 2022 budget allotted to 43 employees. While presenting the budget before the committee,...