In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks
The rising cost of living has pushed Nigerians to borrow about N740 billion from banks between January and September this year.
An analysis of the quarterly economic reports of the Central Bank...
Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud
Former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouk, on Tuesday denied involvement in an alleged fraud of N37bn.
Sadiya who was appointed as the pioneer minister of the Humanitarian Ministry by ex-president Muhammadu Buhari...
Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 - Senate
The Senate has approved the extension of implementation of the supplementary appropriation bill from 31st December 2023 to March 31st 2024.
The move comes after the Leader of the Senate, Senator. Opeyemi Bamidele presented...
$60bn Cash Call: Reps Probe NNPCL Over Losses
The House of Representatives on Wednesday resolved to investigate the Nigerian National Petroleum Company Limited (NNPCL) over an alleged loss of an estimated $60bn to inflated Cash Calls.
To this end, the House mandated its Committee on Finance...
'Nigeria’s Debt Now N87.91trn'
Nigeria’s total public debt rose marginally by 0.61 per cent quarter-on-quarter to N87.91trn in the third quarter of 2023.
This is according to new debt stock data from the Debt Management Office (DMO) released on Wednesday.
According to the data released, total external...
Again, Lagos Generates More IGR than 30 States Combined
…. RICH/Economic Viable States: Lagos, Ogun, River, Kaduna, Kwara, Oyo and Edo States
… INSOLVENT/Poor IGR States: Bayelsa, Kebbi., Katsina, Akwa-Ibom, Taraba and Yobe States
