The International Monetary Fund (IMF), projected that by 2022 Nigeria would spend almost 92 kobo of every Naira it earned on servicing its growing debt.
This implies that only 8kobo of every Naira earned will be used for development. According to the IMF's Article IV...
Reps Grill Fire Service Chief Over N1bn Recruitment, Logistics Cash
The House of Representatives Committee on Public Accounts on Tuesday grilled the Commandant General of the Federal Fire Service (FFS), Ibrahim Liman over expenditure of over N1 billion on recruitment and logistics between 2017 to...
Buhari Seeks Amendment To The 2022 Appropriations Act
President Muhammadu Buhari has written to the National Assembly for an amendment to the 2022 Appropriations Act, passed and assented to last December.
The request was contained in separate letters addressed to Senate President Ahmad Lawan and the...
Hidden Debts, Bad Loans Stopping New Credits - W/Bank
The World Bank Group has said non-performing loans and hidden debts are making it difficult for banks to grant new credits to customers.
In a report released yesterday, the bank disclosed that developing countries face growing risks...
 A top military officer's 20 properties valued at over N3 billion and seven million have been forfeited to the Economic and Financial Crimes Commission, EFCC, on Monday.
Aflac Plastics, Marhaba Events Place, and Atlasfield Gas Plant Limited were some of the companies that controlled the...
Recently, the Central Bank of Nigeria claimed that Nigeria diaspora remittances surged significantly following the launch of the Naira4Dollar scheme in March 2021. Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), stated this reason in a speech to journalists on Thursday, February...
