Nigeria recently spent as much as N2.34 trillion in six months to service a humongous public debt that is currently in excess of N107 trillion that she is saddled with. That is why the country’s national budget of N27.5 trillion…
Disclose Nigeria’s loan agreements since 1999, SERAP urges Tinubu
The Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to disclose the agreements and spending details of loans obtained by the administrations of Nigeria’s past presidents since May 1999. SERAP urged Tinubu “to direct appropriate ministries, departments and…
*Tariff Hike: 20 hrs supply for Band A customers under threat (Vanguard)*Lagos to London: Air Peace flight fare sparks price war (Channels)
Tariff Hike: 20 hrs supply for Band A customers under threat (Vanguard) Barely one week after the new tariff regime which increased electricity tariff by 231 per cent for category A consumers, there are indications that the electricity supply capacity…
How and why budget padding has been a perennial crisis and solution — Magnus Onyibe
Outraged senators at the plenary on Tuesday, March 12, literally pounced on their colleague, ranking Senator Abdul Ningi, who has been a lawmaker for the past 24 years, 17 of which he has served as a senator after being a…
Ministry of Finance issues new TSA guidelines, countering misleading reports
In a recent development, the Minister of Finance and Coordinating Minister of the Economy has issued a circular dated December 28th, 2023, introducing fresh directives for the implementation of Nigeria’s Treasury Single Account (TSA). Contrary to some misleading reports suggesting…
Why is Oshiomhole so obsessed with Fayemi? — Uzor Maxim Uzoatu
Former Edo State Governor who graduated to become the chairman of the country’s ruling party, the All Progressives Congress (APC), ex-Comrade Adams Oshiomhole, always manufactures good copy for journalists. The latest grandstanding release from the stable of Oshiomhole is that…
Lagos releases 20,000 bags of Eko Rice, pegs 50kg at N43k, 25kg for N22k
Lagos State Government has concluded plans to release additional 20,000 bags of Eko Rice for distribution to various designated markets for the period of Yuletide in the month of December. The state government, while saying that 20, 000 bags had…
Cabal must have hijacked my govt – Buhari
Former President Muhammadu Buhari has revealed that a cabal must have hijacked his eight-year administration. Buhari made this revelation in a recent interview with the Nigeria Television Authority (NTA). The former president said there is a possibility of losing the…