BudgIT Examines the Cost of Corruption

Seye Joseph In Nigeria: if it is not any other thing, it must be corruption. A major bane that is crumbling the economic activities of the country, making the corrupt elites acquires illegitimate wealth at the expense of the innocent…

Telecoms firms kick against data tariff hike suspension

Telecommunications operators on Thursday said that setting data prices at realistic levels would enable them to provide first-rate quality of service to subscribers. They stated this in Lagos while faulting the suspension of the data tariff increment by the Nigerian…

GEEP to empower women financially in Nigeria

N1.6 billion has been set aside by The Federal Government from the Government Enterprise Empowerment Fund (GEEP) to empower women and young girls monthly in eight states across the country. Hajiya Aisha Alhassan, Minister of Women Affairs, disclosed this during…

Buhari may propose N7.3tr estimate for 2017

President Muhammadu Buhari may present a N7.3 trillion 2017 budget proposal to the National Assembly on December 8, it was learnt yesterday. The Federal Executive Council (FEC) approved plans presented by Minister of Budget and Planning Udoma Udo-Udoma on Wednesday.…

UBA, AfDB sign $150m loan agreement

The African Development Bank Group (AfDB) and Nigeria’s United Bank for Africa (UBA) have signed a $150 million loan agreement to finance Small and Medium Scale enterprises (SMEs). The loan was initiated to also finance infrastructure and women-owned enterprises in…

Arik Air, Air France, Others Get $867m Forex

The Central Bank of Nigeria (CBN) has published list of firms that were able to access forex totaling 867,834,186.26, from the interbank market in October. The return on FX Utilisation published on the CBN website yesterday showed that it met…