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, […]

Capital market expert wants Osinbajo to lead CAMMIC

Uche Uwaleke of Nasarawa State University Keffi, is advocating for the leadership of Capital Market Master Plan Implementation Council (CAMMIC) to rest on Yemi Osinbajo, the country’s vice president, and head of the country’s economic team. This advocacy, according to Uwaleke, who is also Nigeria’s first professor of capital market and the president of the […]

Budget minister tasks accountants on fight against corruption

Udoma Udo Udoma, Nigeria’s minister of Budget and National Planning has called on chartered accountants to support the anti-corruption fight of the federal government by creating systems that promote transparency and make it difficult for diversion of resources. Udoma who made the call in Abuja on Tuesday when the executive of the Institute of Chartered […]