NIGERIA's federal government is planning to borrow an extra N5.6trn ($14.6bn) during the course of this year to help fund the 2021 budget as the economic meltdown precipitated by the coronavirus pandemic has made it impossible to raise the N13.59 ($35.4bn) budgeted.
Faced with an impossible economic situation, Nigeria's...
FORMER Kano State governor Senator Rabiu Kwankwaso has accused his successor Abdullahi Ganduje of removing the Emir of Kano Alhaji Muhammad Sanusi from office because he felt threatened by his intellectual clout.
On March 9, Governor Ganduje removed the emir from office and replaced him with his cousin Alhaji Aminu Ado...
CENTRAL Bank of Nigeria (CBN) governor Godwin Emefiele is facing the prospect of a two year jail term for contempt of court after he failed to honour a judgement mandating the federal government to pay a N182bn ($475.66m) fine to the Ogoni people of Rivers State.
Like most of Nigeria's oil-producing communities, Ogoniland...
AS many as 20 of Nigeria's 36 states have expressed a willingness to participate in the federal government's Economic Sustainability Plan (ESP) housing scheme that will involve the construction of 300,000 houses and selling them to buyers for N2m each.
Following the economic impact of the coronavirus pandemic, vice president...
NIGERIAN security operatives have stepped up their persecution of #EndSARS protest organisers with the recent arrest of one of the coordinators in Osun State by men of the Department of State Services (DSS).
During October, Nigerian youths vehemently called for the dissolution of the Special Anti Robbery Squad (Sars) police...
NIGERIAN youths have taken to the streets again to resume their #EndSARS protests which ended abruptly in October when soldiers opened fire on demonstrators at the Lekki Toll Gate Plaza in Lagos State.
During October, Nigerian youths vehemently called for the dissolution of the Special Anti Robbery Squad (Sars) police unit....
PRESIDENT Muhammadu Buhari has been summoned by the House of Representatives to appear before lawmakers to explain his government's security policy following the recent murder of 43 rice farmers in Borno State by Boko Haram.
Over the weekend, Boko Haram beheaded 43 farmers in Zabarmari, in Jere Local Government Area of Borno...
CAMPAIGN groups the Socio-Economic Rights and Accountability Project (Serap) and the Human and Environmental Development Agenda Resource Centre have won a court ruling compelling the Central Bank of Nigeria (CBN) to reveal details of Covid-19 donations.
When Nigeria went into lockdown in March, the federal government tasked...
CENTRAL Bank of Nigeria (CBN) officials have unveiled a new financial policy that grants unfettered access to foreign exchange sent from the diaspora and other money transfer remittances that come into the country through the likes of Western Union and MoneyGram.
Diaspora remittances are currently the biggest source of...
FORMER head of state General Yakubu Gowon has responded to allegations that brought half of the Central Bank of Nigeria (CBN) to London with him when he was in office between 1966 and 1975.
On November 23, the UK House of Commons debated the Lekki Toll Gate massacre, with members of Parliament demanding that tough sanctions...
