Barely one month to the implementation of the capital budget for 2016, several Ministries Departments and Agencies(MDAs) are yet to come to terms with the current economic recession by not implementing the capital budget to the letter and spirit...

Windfall Amidst Recession: States, LGs Share N2.6tr in 2016 Lagos Got N178bn, Akwa-Ibom N150bn, … Gombe and Ebonyi N46bn each A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum...

More than three months after President Muhammadu Buhari gave approval for the reinstatement of General Manager (Audit and Compliance) Niger Delta Power Holding Company Nigeria Limited (NDPHC) Mrs. Maryam Danna Mohammed, the Offices of the Vice President (VP), Secretary...

The Federal Government’s anticipated National Economic Recovery Growth Plan (NERGP) will be ready before the end of February. The NERGP focuses on five broad areas namely: macroeconomic policy, economic diversification and growth drivers, competitiveness, social inclusion and jobs, and governance...

The Central Bank of Nigeria (CBN), Enforcement Committee on the Abuse of the Naira in collaboration with the FCT Police Command raided different locations in Abuja to arrest perpetrators of alleged illegal trading and hawking of Nigerian currency. The FCT...

The Central Bank of Nigeria sold about 400 billion naira ($1.27 billion) of Treasury bills , lifting the interbank lending rate up to 12 percent, traders said. The bank sold 82 billion naira in 181-day Treasury bills at 18 percent...