The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has said there are corruption allegations in the Central Bank of Nigeria’s foreign exchange allocation and […]
Business
Nigeria January Inflation Rises To 18.72% For 12 Month Running
Annual inflation in Nigeria rose in January to 18.72 percent, the National Bureau of Statistics said on Wednesday, its 12th straight monthly increase. The rise from 18.55 percent in December, […]
“You Know Nothing About Our System” – MMM Founder Writes Buhari
Sergey Mavrodi, founder of MMM, has written an open letter to the Nigerian government to justify the importance of the popular Ponzi scheme. The News Agency of Nigeria (NAN) reports that […]
CBN Illegally Funding Government, No Longer Independent Under Buhari – Emir Sanusi
Muhammad Sanusi II, emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the apex bank is illegally lending to federal government. Sanusi also said “the […]
Achebe Center Asks World Bank To Reject Buhari’s $29.9bn Loan Request
The Chinua Achebe Center for Leadership and Development (CACLD) has advised the World Bank not to grant the $29.9 billion loan being requested by the Federal Government of Nigeria. It […]
Nigeria May Face Famine By January 2017 – Presidency
The Senior Special Assistant to President Buhari on Media and Publicity, Garba Shehu, in an interview in a radio program (Raypower 100.5 FM) monitored in Abuja, has said that aggressive […]
More Hardship As NNPC Pushes For N150 Per Litre Of Petrol
The Nigerian National Petroleum Corporation (NNPC) is eyeing a N150 per litre price for Premium Motor Spirit (PMS) otherwise called petrol. This is as the embargo placed on price increase […]
“You Shouldn’t Be Asking For Foreign Loans Without Economic Blueprint” – World Bank Tells FG
The World Bank and International Monetary Fund, IMF, have piled pressure on the Federal Government to come up with an economic blueprint, if its drive for foreign loans was not […]
“I Made Folorunsho Alakija, 25 Others Billionaire” – Obasanjo
Former President Olusegun Obasanjo said on Saturday in Lagos that Mrs Folorunsho Alakija, Africa’s richest woman by Forbes reckoning, was among the 25 billionaires he made during his tenure as […]
Don’t Borrow Above $22 Billion – Debt Management Office Warns Buhari
The Debt Management Office, DMO, has advised the Federal Government not to borrow above $22.08 billion in 2017. The DMO gave the recommendation on Tuesday in its 2016 Debt Sustainability […]
