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Floods: Probe spending of billions of ecological funds by Borno govt, SERAP tells Tinubu

Floods: Probe spending of billions of ecological funds by Borno govt, SERAP tells Tinubu

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly investigate the spending of the billions of naira of Ecological Fund collected by Borno State since 2001, including the N816 million collected by the state between January 2024 and June 2024.”

UK’s debt hits landmark high as govt warns of tough decisions

UK’s debt hits landmark high as govt warns of tough decisions

UK state debt is equivalent to the country’s annual output, data showed Friday, as the new government warns of tough decisions on tax and spending ahead of its maiden budget. “Public sector net debt… was provisionally estimated at 100 percent of gross domestic product at the end of August,” the Office for National Statistics said […]

Naira down to N1,650/$ in parallel market

Naira down to N1,650/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,650 per dollar in the parallel market from N1,645 per dollar on Wednesday. Similarly, the Naira depreciated to N1,544.02 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,544.02 per dollar from N1,539.65 […]