Iran: The Burden of History Repeating Itself
By Kelechi Deca Mark Twain wrote that “History doesn’t repeat itself, but it does rhyme.” The British diplomat George Curzon had in 1892, described Iran as "Pieces on a chessboard...
Sokoto Trains Officials to Boost Fiscal Transparency, Accountability
Sokoto State Government has launched a comprehensive training programme for its public officials aimed at enhancing fiscal transparency and promoting greater accountability in governance. The initiative, which commenced this week...
NELFUND Automates Loan Application Process to Boost Accessibility and Efficiency
The Nigerian Employment and Labour Financing Programme (NELFUND) has announced the full digitisation of its loan application process, aiming to streamline access to funding for small and medium enterprises (SMEs)...
Lawmakers Launch Investigation into Alleged Misuse of N1.12 Trillion Anchor Borrowers’ Programme Funds
The House of Representatives has initiated a formal investigation into the alleged diversion and mismanagement of N1.12 trillion disbursed under the Central Bank of Nigeria’s Anchor Borrowers’ Programme (ABP), a...
Nigeria’s Crude Imports Hit N1.2 Trillion Amid Declining Domestic Production
Nigeria has reportedly spent over N1.2 trillion on crude oil imports in recent months, as local production continues to falter due to operational challenges and infrastructural constraints in the oil...
Nigerian National Nabbed in India with N214 Million Worth of Narcotics
Indian authorities have arrested a Nigerian citizen caught attempting to smuggle drugs valued at approximately N214 million (about $520,000) into the country, marking a significant bust in ongoing efforts to...
CBN’s Dividend Suspension Sparks Sell-Off in Banking Stocks, Raises Recapitalisation Concerns
The Central Bank of Nigeria’s recent directive suspending dividend payments by commercial banks has unsettled investors, triggering a sharp decline in banking stocks on the Nigerian Exchange and fueling fears...
Non-Performing Loans Surge Past $3.5bn Across Six Nigerian Banks – Report
A new financial report has revealed that the value of delayed or non-performing loans (NPLs) across six major Nigerian banks has exceeded $3.5 billion, raising fresh concerns over credit risk...