HomeFinancial

Financial

NASS N197.93bn 2024 Budget more than that of Seven Universities Combined

NASS N197.93bn 2024 Budget more than that of Seven Universities Combined By Zekeri Idakwo The 2024 Federal Government proposed budget for the National Assembly is more than the budget of seven Universities put together. According to the recent data from the Budget Office, the National Assembly will receive...

In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks

In Nine Months, Rising Cost of Living Pushes Nigerians to Borrow N740bn from Banks The rising cost of living has pushed Nigerians to borrow about N740 billion from banks between January and September this year. An analysis of the quarterly economic reports of the Central Bank...

Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud

Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud   Former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouk, on Tuesday denied involvement in an alleged fraud of N37bn. Sadiya who was appointed as the pioneer minister of the Humanitarian Ministry by ex-president Muhammadu Buhari...

Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 – Senate

Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 - Senate The Senate has approved the extension of implementation of the supplementary appropriation bill from 31st December 2023 to March 31st 2024. The move comes after the Leader of the Senate, Senator. Opeyemi Bamidele presented...

$60bn Cash Call: Reps Probe NNPCL Over Losses

$60bn Cash Call: Reps Probe NNPCL Over Losses The House of Representatives on Wednesday resolved to investigate the Nigerian National Petroleum Company Limited (NNPCL) over an alleged loss of an estimated $60bn to inflated Cash Calls. To this end, the House mandated its Committee on Finance...

‘Nigeria’s Debt Now N87.91trn’

'Nigeria’s Debt Now N87.91trn'   Nigeria’s total public debt rose marginally by 0.61 per cent quarter-on-quarter to N87.91trn in the third quarter of 2023. This is according to new debt stock data from the Debt Management Office (DMO) released on Wednesday. According to the data released, total external...