'Nigeria's Economic Crisis Due to Bad Governance'
Poor governance, themed by a vast array of issues including fiscal recklessness constitutes the major bane to Nigeria’s crisis-plagued economy, according to a new report by Nanyang Technology University’s Centre for African Studies.
The 150-page report titled “Back to...
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...
In Five Years, Nigeria’s Revenue Declined by $1.4bn
The Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has revealed that the country’s revenue suffered a significant drop of approximately $1.4 billion, or $275 million annually, between 2015 and 2019 at a time when the...
