Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track and give feedback on public projects in their communities, has uncovered payments worth N2.4bn to seventeen contractors for fifteen projects across nine states, yet no contractor has commenced work on these sites. According to the organisation’s […]
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Trending News
Global Lenders Pledge $8 Billion to Africa’s $90 Billion Power Expansion Plan
Efforts to provide electricity to 300 million Africans received a significant boost as the Islamic Development Bank (IsDB), the Asian Infrastructure Investment Bank (AIIB), and other financial institutions pledged over $8bn in new funding for the Mission 300 initiative. The program, launched in April by the World Bank and […]
Trump’s Policies Shifts: What They Mean For Nigeria, Africa’s Future-Analysts
Donald Trump’s recent speech and executive orders have sparked discussions about their potential implications for Nigeria and Africa. Analysts at Data Services and Resources Limited have highlighted key areas of impact, ranging from trade policies to energy, immigration, and global influence. The analysts noted that the U.S. administration’s protectionist […]
BudgIT Clarifies Findings On Sokoto State’s Fiscal Transparency Rankings
BudgIT, a civic tech organisation has noted recent publications across various media outlets that misrepresented its findings on Sokoto State’s budget and fiscal transparency. While we appreciate the media’s role in fostering dialogue, these reports inaccurately represent our analysis, compelling us to clarify the facts and reaffirm our position. […]
Collective Investment Schemes Rises to Over N3trn In 2024, says SEC
The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024. The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abuja, explained that collective investment schemes are a part of […]
NiDCOM Lauds CBN’s Initiatives to Enhance Diaspora Contributions
The Nigerians in Diaspora Commission (NiDCOM) has lauded the Central Bank of Nigeria (CBN) for introducing two groundbreaking financial products aimed at engaging the Nigerian diaspora: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). In a statement released on Thursday by the Commission’s spokesperson, […]
Nigeria’s Headline Inflation Rate Increases to 34.80% in December 2024
Nigeria’s headline inflation rate rose to 34.80% in December 2024, according to the latest report from the National Bureau of Statistics (NBS). This represents a slight increase of 0.20% from the 34.60% recorded in November 2024, primarily driven by heightened demand for goods and services during the festive season. The […]
Curiosity mounts over new children’s show in the offing
The country is buzzing with expectation following hints that a children’s music sitcom will soon make a grand entry into the Nigerian entertainment landscape. Reportedly, the company behind the show is Anthill Studios, a leader in the creation and production of many Nollywood titles including the recent Netflix blockbuster, Lisabi. The organization […]
Popoola Highlights Regional Collaboration At Ethiopian Securities Exchange Inauguration
Group CEO of Nigerian Exchange Group Plc (NGX Group), Temi Popoola reiterated the transformative potential of Africa’s capital markets at the launch of the Ethiopian Securities Exchange (ESX). Speaking at the event, Popoola emphasized the need for stronger regional collaboration, government-private sector synergy, and innovative market solutions to unlock […]
FG Expresses Commitment to Building Strong, Vibrant Capital Market
The Federal Government has reiterated its commitment to strengthening the capital market to promote wealth creation for Nigerians and support national development. The Minister of State for Finance, Dr. Doris Uzoka-Anite stated this during a meeting with members of the board of the Securities and Exchange Commission in Abuja, over […]