EXCLUSIVE: How 36 Governors Borrowed N2.2trn From Nigerian Banks   Amid worsening revenue challenges, state governments’ indebtedness to commercial banks has risen to N2.2trn. The latest data from the quarterly statistical bulletin of the Central Bank of Nigeria, obtained by our correspondents, showed that states and LGAs...

CISLAC Urges Governors to Establish Anti-Graft Agencies in States   The Civil Society Legislative Advocacy Centre, CISLAC, has called on the Nigerian Governors Forum, NGF, to push for the creation of anti-corruption agencies across the 36 states of the federation. Speaking during a two-day workshop for representatives...

Naira Redesign: FG may Extend Deadline as Malami, El-Rufai, Other Governors Meet There are strong indications that the federal government is toying with the idea of extending the deadline for the use of N200, N500 and N1000 notes to bring an end to the cash...

How Governors Received N625.43bn Oil Derivation, Refunds in Two Years - Presidency The Presidency has said nine oil-producing states received a total of N625.43 billion 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021-2022. According to a...

More Governors Resolve To Join VAT Collection Suit           South-south Governors Forum, yesterday, declared support for states’ collection of Value Added Tax (VAT) as ordered by a Federal High Court in Port Harcourt. The forum, comprising governors of the six oil-rich Niger Delta states of Rivers,...

Governors Reject FG's Plan To Ask For Refund Of N614bn Bailout   The Federal Government has demanded the repayment of N614bn it offered to 35 states under the National Budget Support Loan Facility. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who disclosed this...