AGS NEWS – During the 140th meeting of the National Economic Council (NEC) held at the Aso Rock Villa, Abuja, the Office of the Accountant General of the Federation revealed that Nigeria’s 36 states and the Federal Capital Territory collectively … Continue reading States accumulate N1.7tn debt in federal budget loans
AGS NEWS – Senate President Godswill Akpabio has urged the members of the investigative panel looking into the N30 trillion “Ways and Means” loans obtained from the Central Bank of Nigeria under Godwin Emefiele’s leadership by the Federal Government not … Continue reading Senate sets six weeks deadline for probe into N30tn CBN loans
The Home Finance Department of the Ministry of Finance, Budget, and National Planning has received a $5.6 million grant from the World Bank for the procurement of 21 items, encompassing office supplies, furniture, solar inverters, office equipment, and vehicles. These … Continue reading World Bank allocates $5.m loan to finance ministry for stationery and procurement of various items
The House of Representatives has excluded the controversial N5 billion allocation for a presidential yacht from the 2023 supplementary budget. The budget was approved on Tuesday by the House following the endorsement of the report submitted by Abubakar Bichi, the … Continue reading Reps removes N5bn presidential yacht from budget, boosts student loans
The total spending by the Federal Government on palliatives and loans to cushion the effect of the fuel subsidy removal may hit N3.27tn. The palliatives and loans were meant to cushion the effects of economic hardships on Nigerians and businesses … Continue reading FG potential spending of N3.27tn on palliatives and loans emerges
The US Department of State has indicated that China holds the capacity to exert influence on the Nigerian government through its loans, as stated in the Integrated Country Strategies document. The document, initially approved in April 2022 and updated in … Continue reading US says China manipulates Nigeria with loans
The Senate Public Accounts Committee, chaired by Senator Mathew Urhoghide, has indicted the Office of Accountant General of the Federation for failing to repay short-term loans amounting to N910 billion given to various Ministries, Departments, and Agencies (MDAs) from Special … Continue reading Senate blames accountant general’s office for unpaid N910bn loans
Central Bank of Nigeria (CBN) has given foreign banks permission to grant loans to Nigerians and companies operating in Nigeria in dollars. This move by the CBN is aimed at expanding dollar liquidity in Nigeria through foreign bank representatives by … Continue reading CBN allows foreign banks to provide dollar loans to Nigerians
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