CBN principles Emefiele violated
After his suspension, Emefiele was arrested by operatives of the Department of State Security (DSS) for investigation and questioning.
Category
Governance
Nigerian states prioritise tree planting to curb flooding
The British High Commission and the Network of Incubators and Innovators in Nigeria (NINE) launched a tree-planting campaign in Lagos in February 2023 with a view to planting 100 trees in the state. The Catholic Bishops Conference of Nigeria (CBCN) is also planting 5.5 million trees over the next five years to mitigate the effects of climate change in the country.
Nigeria’s infrastructure deficit is 40% short of World Bank standard
Infrastructures are essential social services that not only aid economic activities but also stabilize the economy.
As petrol subsidy ends: Minimum wage increase brings no relief to 80% of workers
Under Nigeria’s current minimum wage law, persons working in Micro enterprises would not be eligible for any minimum wage increase, because Micro Enterprises employ less than 10 persons, according to the National Bureau of Statistics (NBS) classifications.
23 states perform below their projected IGR in Q1 2023
On expenditure performance for Q1, Delta State had spent 33.6% of its budgeted expenditure for the year. Ekiti State, on the other hand, had spent one-quarter of its budget for 2023 in the same period.
How CBN’s cashless policy crashed Nigeria’s GDP in Q1
Nigeria’s N200 trillion economy was in dire straits due to banks’ temporarily shut-down to stranded Nigerians.
Defence sector budgets perform below expectations under Buhari
Dataphyte’s review of the budgetary allocation to the sector shows an annual increase in the total funds allocated to the sector. However, a large chunk of went to recurrent expenditure.
Ebonyi shows other states that health insurance can work
Health insurance is one of the cheapest ways of settling health bills. However, this service has eluded Nigerians as data show poor coverage of health insurance nationwide.
Nigeria power expenditure shows money alone won’t solve electricity problem
The amounts mentioned here do not include N1.5 trillion lent by the Central Bank of Nigeria (CBN) to GenCos and DisCos as well as recurrent budgets over the years.
NDDC forensic audit fades away but Akpabio’s Senate presidency ambition lives on
About one year after his appointment, in July, Akpabio appeared before the House of Reps Committee on Niger Delta for the investigation of the N81.5 billion expenditure by the NDDC in a span of seven months (January to July).
Can Tinubu provide the type of education Nigerians need?
However, the key question is, can the incoming President, Mr Bola Tinubu, resolve these age-long issues that have set the education sector backwards and give the people the type of education they need?
2023: Nigerians divided over capacity of judiciary to deliver justice
According to the data available, over 1,000 election petitions were filed by different aggrieved candidates and political parties that participated in the 2023 general election.
Buhari ties Tinubu’s hands with last-minute economic decisions
Nigeria’s revenue-to-GDP ratio is nine percent, as against Ghana’s 13 per cent, Kenya’s 17 percent and Angola’s 21 percent. So, for Tinubu, borrowing in the short term may be inevitable, but he must now do so with tact, experts say.
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NRC’s revenue drops by N1.2bn despite 18% passenger increase
Altogether, 3.21 million passengers used the trains in the whole of 2022, and a total of N4.55 billion was generated as revenue.
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Cash outside banking system hits 88%, CBN fumes
Nigerians encountered challenges with the apex bank policy, with failed transactions, poor network and lack of cash dotting the country’s landscape between January and March.