Civic rights group BudgIT urges Saraki, Dogara to end NASS budget secrecy

BudgIT, a Nigerian civic rights group has called on the leaders of the upper and lower houses of the National Assembly to end the secrecy associated with budget allocations to their arm of the government.  The group in a statement made available to business a.m Wednesday stated that, despite Nigeria’s membership in open government partnership and tons […]

India to inject $6.8bn into state lenders to boost loans

India will inject 482 billion rupees ($6.8 billion) into government-controlled lenders to help them meet tighter regulatory requirements and to boost credit growth. The fund infusion will ensure that capital ratios for all state-run lenders are above the regulatory requirement and will help Allahabad Bank and Corporation Bank exit a so-called Prompt Corrective Action plan, […]