States have agreed to reform the finances of State and Local Governments under a Fiscal Sustainability Programme to ensure their long term viability. · The 22-point fiscal reform act... Read more
Vice President Yemi Osinbajo has painted a dire picture of Nigeria’s current power supply situation. Osinbajo in Lusaka, Zambia, at the commencement of the African Development Bank (Af... Read more
Revenue allocation to federal, states and local governments dropped by N18.2 billion or 6.09 per cent, leaving three the tiers of government with a total of N281.500 billion for April, signa... Read more
The Economic and Financial Crimes Commission has rearrested the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, over a fresh revelation that he allegedly helped a former Minister... Read more
Nigerian lawmakers have summoned the finance minister and central bank (CBN) governor to brief them on new proposals to ease the country’s economic crisis. It comes after the CBN annou... Read more
The Economic and Financial Crimes Commission(EFCC) on Tuesday declared a former Deputy Governor of Osun State, Senator Iyiola Omisore wanted over an alleged N700million paid to a company in... Read more
The Central Bank of Nigeria said Tuesday that it would adopt a more flexible foreign exchange policy, which is a tacit way of abandoning the current official exchange rate regime of... Read more
A prosecution witness, Mr. Mustapha Yerima, narrated to a Federal High Court in Abuja on Monday, how a former Chief of Air Staff, Air Chief Marshal Alex Badeh (retd.), acquired a N650m plot... Read more
Italian energy company Eni confirmed Monday that some of its infrastructure in Nigeria was once again the target of a militant attack. A spokesperson for the company confirmed through email... Read more
FORMER Governor of Zamfara State, Mamuda Aliyu Shinkafi and a Senator, Hassan Muhammed Nasiha, who is the state PDP chairman are the latest suspects interrogated by the Economic and Financia... Read more