FG Borrowed N2.94trn From Debt Market In 11 Months     The federal government between January and November of 2022 borrowed a sum of N2.94trillion through FGN Bond Market to finance the 2022 budget deficit, bond auction results released by the Debt Management Office (DMO) has revealed. This...

Fed Govt Received $339m From World Bank In 2022   The Federal Government has received $338.98m from the World Bank in 2022, which it plans to release to states soon. The funds were released under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated in...

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...

Senate Committee To Remove COREN From 2023 Federation Budget   The Senate Committee on Works has said there is no going back on its decision to remove the Council for the Regulation of Engineering in Nigeria from the 2023 budget. The Senator Adamu Aleiro-led committee vowed to...

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...