Finance

EFCC-embattled Yahaya Bello allegedly pays AISA school fees worth $845,000 in prepayment
FinanceNews

N110bn Fraud: Court Grants Former Kogi Gov. Yahaya Bello N500m Bail

The federal high court in Abuja has granted bail to Yahaya Bello, the former governor of Kogi state, in the sum of N500...

FinanceNews

10 Nigerians States Spent ₦14.7bn in Nine Months on Allowances, Refreshments Amid Crumbling Infrastructure

Ten Nigerian states, struggling with poor infrastructure, spent ₦14.7 billion (about $9,187,500) on refreshments, honourariums, and sitting allowances over nine months. A report...

FinanceNews

Burkina Faso Receives First 44 Gold Bars Weighing 93kg From Processing Mining Wastes

Burkina Faso’s government received its first gold bars after processing fine coal cargoes abandoned at the Essakane mine. Prime Minister Rimtalba Jean Emmanuel...

Airforce Feeding Allowance
FinanceNews

Kaduna Air Force Students Lament 12 Months of Unpaid Feeding Allowance

Students at the Nigerian Air Force Institute of Technology (AFIT) in Kaduna State have voiced frustration over the non-payment of their feeding allowance...

Bills to Remove Immunity
FinanceNews

Bill to Stop Multiple Budgets, Late Submission Under Review in Nigerian House of Reps

The House of Representatives is reviewing two constitutional amendment bills to reform Nigeria’s budgetary process to ensure timeliness and limit supplementary budgets. The...

Enugu 2025 Budget
BusinessFinance

‘Austrian Investment’: The Truth About Enugu Governor’s $100M Water Project Deal

On Monday, December 2, 2024, Governor Peter Mbah of Enugu State announced a $100 million (₦168.7 billion) foreign direct investment in water infrastructure....

Senate Passes Bill Establishing South-West Development Commission
FinanceNews

Senate Suspends Action on Tinubu’s Tax Reform Bill Following Public Backlash

The Senate has suspended action on the controversial tax reform bill following public backlash and widespread opposition. The suspension includes public hearings until...

Nigeria’s External borrowing
FinanceNews

Despite Promises, Civil Servants and NYSC Members Yet to Receive N70,000 Minimum Wage

Many civil servants, National Youth Service Corps (NYSC) members, and interns have not received the promised N70,000 minimum wage despite repeated assurances. This...

Nigeria’s External borrowing
FinanceNews

How Tinubu’s Tax Reform Bill Could Stifle the Rich and Strain the Poor

The Nigerian Government’s proposed tax reform bill, led by President Bola Tinubu, has sparked intense debate, especially in the North. Prominent figures such...

FinanceNews

Nigerians Question Legitimacy of $100m Enugu Water Project Deal with ‘Austrian Firm’, Bust Gov. Mbah

The Enugu State Government, under Governor Peter Mbah, announced a $100 million partnership with Wande Nexus, which was described as an Austrian firm....

FinanceNews

EFCC Withholds Name of Owner Behind Forfeited Abuja Estate with 753 Apartments

The Economic and Financial Crimes Commission (EFCC) is facing criticism for refusing to reveal the identity of a former senior government official linked...

WTO Okonjo-Iweala
FinanceNews

Breaking: Okonjo-Iweala Reappointed WTO Chief for Second Term

The World Trade Organisation (WTO) has reappointed Ngozi Okonjo-Iweala as its Director-General for a second term. The global trade body made the announcement...