The Fiscal Responsibility Commission has said that all the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts exceeding their 12-month revenues. According to the DMO guidelines on borrowing, no state should have outstanding loans that are more than 50 per cent of their total revenues in the […]

Executive Governor of Imo State, Senator Hope Uzodinma has extended the timeline given to the Investigative Panels and Commissions of Inquiry set up by the deposed Emeka Ihedioha administration on contracts, land acquisition and other matters. A statement by the Chief Press Secretary to the Governor, Mr. Oguwuike Nwachukwu stated that the governor announced the […]

The National Industrial Court sitting in Yenagoa, Bayelsa State, has reinstated the permanent secretaries sacked in 2015 by the Rivers State Governor, Nyesom Wike. The court declared the action of removing and compulsorily retiring the affected senior civil servants by the governor as unconstitutional, ultra vires, null and void. Ruling on the case brought before […]

• Salaries, debt service, others take 73 percent of revenue The fiscal operations of the Federal Government in the fourth quarter of 2019, showed an estimated deficit of N1.14 trillion, compared with the proportionate quarterly budget deficit of N479.62 billion. The government had estimated an expenditure profile of N2.59 trillion for the fourth quarter of […]

President Muhammadu Buhari on Tuesday told public officers who had done the right thing not to be scared of being audited by the government or its agency. The President said this while addressing the Conference of Auditors-General in Nigeria where he was conferred an award for transparency and accountability in the management of the country’s […]

The constant attacks on critical national assets, especially petroleum product pipelines appears to have defied all solutions, posing a national security threat capable of bringing the nation’s economy to its knees with over $41.94 billion loss in 10 years. According to the Nigerian Extractive Industry Transparency Initiative (NEITI), the $41.94 billion loss in 10 years […]

…As outbreak records 29 deaths in 11 states Dr. Mohammad Abubakar, the Minister of Environment has advises Nigerians to stop eating rats for now as 29 deaths have been recorded due to recent Lassa Fever outbreak in the country. Abubakar gave the advice, while briefing newsmen about the Lassa Fever outbreak in the country on […]

What would have been a victory party for the All Progressive Congress and friends of Princess Miriam Onuoha on Sunday abruptly ended in tragedy as the Senatorial Candidate of the Action Alliance (AA) in Imo state, Hon. Ndubuisi Emenike was mistakenly shot and killed. He was immediately rushed to the hospital but  did not survive […]