DMO Cautions FG, Says Nigeria Can’t Survive With Endless Debt The Debt Management Office has revealed that it has been challenging for Nigeria to borrow from the international markets because global creditors and investors are shunning countries with Category ‘B’ economic ratings. In a statement by...

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 CBN’s balance of payment statistics,...

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 illegal spending totalling over N2...

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, Executive Secretary of NEITI, Dr....

US Dollar Crashes as Naira appreciates to N740/$ at Black Market For the first time in this month, November 2022, the Nigerian currency, Naira has appreciated significantly against the US dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators who...

In Two Years, AMCON Recovers N307bn Debt The Asset Management Corporation of Nigeria says it has recovered a total of N307 billion debts between 2020 and 2021. An inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of Nigeria led...