2024 Budget: FG to Spend Over N57,427,575 on State House Residential Rent   The Federal Government has proposed to spend over N57,427,575 on residential rent in State House quarters. This was contained in the 2024 Budget document obtained by Economic Confidential. Details in the budget show that...

2024 Budget: FG to Spend N6.5trn on Personnel Costs   Federal Government will spend a total of N6.48 trillion (inclusive of N1.02 trillion for government enterprises (GOEs) on personnel and pension costs in the 2024 budget. This is an increase of N576.16 billion or 9.8 per cent...

President Tinubu Seeks Fresh $8.699bn, €100m Loans   Barely one month after seeking approval for $7.8 billion and €100 million loans from the National Assembly, President Bola Ahmed Tinubu, again yesterday, asked for fresh foreign loans of $8.699 billion and €100 million. This was revealed in separate...

Reps Query Ministry Over N4bn Spend on Recruiting 100 Sanitation Personnel   The House of Representatives Public Account Committee has queried the Ministry of Water Resources for spending N4 billion on the recruitment of 100 personnel for a period of three months. The money was said to...

Report Reveals Nigerian Investors Raise $94bn Climate Capital   It has been revealed that retail investors are able to raise $94bn towards climate change financing in Nigeria by 2030. This was revealed in Standard Chartered’s latest Sustainable Banking Report 2023, which also disclosed that 95 per cent...

Ex-NIRSAL Boss, Abdulhameed Arrested Over N5.6bn Wheat Project Scam   Mr Aliyu Abdulhameed, a former Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), has been arrested almost a year after his sack. NIRSAL is a $500m non-bank financial institution, which was created...