Railway Pensioners: N3.6 billion Pensions Fund Held by NRC Management  Retirees of the Nigerian Railway Corporation has appealed to President Muhammadu Buhari, Vice President Yemi Osinbajo and Economic and Financial Crime Commission (EFCC) to urgently intervene and investigate why the management of the Railway Corporation...

Finance Minister: 5,000 Debtors Owe FG N5.2tr The Federal Government of Nigeria has disclosed that 5,000 debtors are currently owing its ministries, departments and agencies a total sum of N5.2trn which is worrisome considering the dwindling revenue challenges. The Minister of Finance, Budget and National Planning,...

INVESTIGATION: How Ganduje Approved N110m to Non-existent Company for 1Km Road Project that has now been Abandoned  From Usman Bello Balarabe, Kano  A construction company to which Kano state governor, Abdullahi Ganduje, awarded a road contract in 2019 has been found to be non-existent. The state government...

Nigeria’s Non-oil Exports Decline By 39%   Nigeria’s non-oil exports have fallen by 39 per cent from N6.914tn to N4.194tn in10 years, according to an analysis of the National Bureau of Statistics’ Foreign Trade Statistics. Specifically, figures show that the N4.194tn non-oil exports recorded in 2021 is...

Russia Sanctions Will Have Substantial Impact On Global Economy - IMF   The International Monetary Fund (IMF) has said sanctions on Russia will have a substantial impact on the global economy and financial markets, with significant spillovers to other countries. In IMF Article IV Consultation on...

Weak Digital Economy Hindering Many African Countries' Growth – World Bank   The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s expanding youth population will be denied the opportunity to live up to their potential...