GandujeRoadGate: Three Years after Approval of N381m for 1KM Abandoned Road, Stonegate Denies Receiving Money …… Payment Voucher of N49m Raised …… Company is Registered, we only Changed Name, Says Contractor From Usman Bello Balarabe Further developments, claims and counterclaims have continued to trail last week’s report...

IMF to Nigeria: Reduce Public Debt To Avoid "Doom Loop" International Monetary Fund has expressed concerns about a potential “doom loop” for Nigeria and other emerging economies. According to the IMF’s April 2022 Global Financial Stability Report, the average ratio of public debt to the gross...

FCTA Seals Ministry Of Works, Others Over N10bn Debt The Federal Capital Territory Administration (FCTA) has sealed the Federal Ministry of Works, Federal Character Commission, Merit House Maitama and Murg Plaza over waste management debts owed to Abuja Environmental Protection Board (AEPB). The Director of the...

Consumer Credit Rises By 40% To N2.1trn — CBN   The Central Bank of Nigeria (CBN) said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by a rise in the tempo...

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank   The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender said this in...

PFAs Invest N74.54bn In Infrastructure   The Pension Fund Administrators (PFAs) invested N74.54bn in infrastructure out of the N13.76trn they received from the Contributory Pension Scheme at the end of February 2022. This was contained in the latest figures obtained from the National Pension Commission. Investors have continued...