The Central Bank of Nigeria has asked state governments that do not have industry banks to facilitate the establishment of such to speed up industrialisation and economic development in the country. The Assistant Director, Development Finance Department of CBN, Abuja, Mr. Babatunde Ogunleye, said this...

The Akwa Ibom State Government has denied receiving N17.8 billion as it statutory share of the federal allocation. The state Commissioner for Finance, Mr Akan Okon said N559.03 billion was distributed between the Federal, State and Local Governments by the Federal Account and Allocation Committee...

Lagos Got N178bn, Akwa-Ibom N173bn, … Gombe and Ebonyi N49bn each A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N2.8 trillion from the Federation Account in the one year of President...

Some Independent National Electoral Commission (INEC) officials have been summoned to the agency’s Abuja headquarters in connection with the alleged N23.29billion bribe the Economic and Financial Crimes Commission (EFCC) is probing. The EFCC has quizzed 16 top INEC officials, including 10 directors, over the scandal. Those...