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Category: blog
FG Provides N5 Billion Loan For Farmers
The Federal Government on Tuesday disclosed that a N5 billion loan facility has been provided at the Bank of Agriculture (BOA) for livestock farmers across the country. This was made…
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How EFCC Chairman Demanded $2 Million Bribe From Me — Matawalle
Zamfara State Governor Bello Matawalle has alleged that the Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, demanded $2 million bribe from him. The allegation comes on the…
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Nigeria’s inflation increases to 22.22 per cent
Nigeria’s April inflation figure on Monday increased to 22.22 per cent from 22.04 per cent last month. The National Bureau of Statistics Consumer Price Index report released Monday disclosed this.…
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Commissioning of Transcorp’s Afam 240MW three rapid power turbines by vice president Yemi Osinbajo
In Afam, Rivers State, the 240MW Afam Three Fast Power plant owned by Transafam Power, a division of Transnational Corporation Plc, was officially opened on Tuesday by Prof. Yemi Osinbajo,…
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EFCC arraigns Lagos businesswoman Saadatu Ramalan-Yaro for alleged N50bn fraud
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned Lagos businesswoman Saadatu Ramalan-Yaro on counts of money laundering. Ramalan-Yaro, the director of April 1616 Investment Limited and Amsamay Limited,…
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Fuel Subsidy: CISLAC knocks FG over $800m World Bank loan
The Civil Society Legislative Advocacy Centre has faulted the federal government over its $800 million World Bank loan for fuel subsidy Palliatives to Nigerians. In a statement during the weekend…
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Expert Urges CBN To Review Banks’ Capital Base
In order for Nigerian banks to compete favorably with their international counterparts, a Don, Prof. Ailemen Ikpefan, has advised the Central Bank of Nigeria (CBN) to reassess the present N25…
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UN Says Shortage Of Naira Crippled Nigerian Economic Activities
According to information provided by the UN, current naira shortages have severely harmed Nigeria's economy. In its publication, "Trade and Development Report Update; Global Trends and Prospects (April 2023)," published…
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Nigeria’s World Bank debt has increased by 121 percent.
Under the leadership of the President, Major General Muhammadu Buhari, Nigeria's borrowing from the World Bank has increased by 121.46 percent. According to Punch, Nigeria's overall debt to the World…
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