BudgIT expresses dismay at Nigeria’s current position on fiscal transparency and public participation in the budget process as Africa’s largest economy has apparently taken steps backwards despite persistent advocacy by citizens and repeated promises by the government to improve.   Nigeria slips into 90th place behind Zimbabwe and Afghanistan on the Open Budget index […]

  Against the backdrop of the huge debt service costs being incurred by the Federal Government, one of the nation’s Deposit Money Banks, Guaranty Trust Bank Plc, has highlighted the need for the government to reduce its borrowing cost. The lender, in its ‘Macroeconomic and banking sector themes for 2018’ released on Tuesday, also expressed […]

The Senate on Tuesday resolved to conduct an investigation into the spate of illegal charges and deductions from accounts of their customers by Deposit Money Banks. The resolution followed the adoption of a motion moved by Senator Magnus Abe and 22 others, entitled, ‘Urgent Need to Investigate, Regularise and Amend Conflicting, Vague and Unjust Remedies, […]

The Administrative Panel of Inquiry, which was set up in November last year to investigate corruption allegations against the suspended Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, has recommended the sacking of the embattled DG from public service. The panel, which is headed by the Permanent Secretary, Federal Ministry of Finance, Mahmoud […]