• CBN unveils guidelines for granting liquid asset status to Sukuk

    CBN unveils guidelines for granting liquid asset status to Sukuk

    In a related development, in view of the need to foster financial system and economic growth and development, as well as complement the efforts of government at various levels, the Central Bank of Nigeria (CBN) yesterday unveiled the guidelines for granting liquid asset status to Sukuk Instruments issued by state governments.

    The central bank stated in the document listed on its website, that the move was to enhance the diversification of sources of funding for development at the sub-national levels.

    Consequently, members […]

  • Recession: Those demanding asset sale are economic predators – Sen. Sani

    Recession: Those demanding asset sale are economic predators – Sen. Sani

    A Nigerian senator, Shehu Sani, has described proponents of sale of the country’s national asset as “economic predators and profiteers who want to take advantage of the situation in the country.”

    Mr. Sani, who is the Chairman, Senate Committee on Foreign and Local Debts, said in a statement on Friday that “Nigeria’s capitalist forces raped Nigeria to recession and now they want to kill and bury it.”

    Nigeria is currently going through one of the worst recessions in its history, due to […]

  • Bukola Saraki On The Run, Cries Out From His Hiding

    Bukola Saraki On The Run, Cries Out From His Hiding

    Senate President Bukola Saraki has gone into hiding immediate after the Code of Conduct tribal ordered his arrest for his utter disregard for the Tribunal.

    Speaking from his safe haven, he has described the call for his arrest on Friday as an abuse of rule of law.

    “The Tribunal today left nobody in doubt that it cannot do justice on the matter before it.

    The tribunal has equally set a bad precedent in the way and manner it conducted itself during the proceedings.

    “We […]

  • PMB finally declare his asset

    PMB finally declare his asset

    Following the declaration of asset by President Muhammadu Buhari, which puts his savings at $150,000 (N30m ), The Washington Post has said in one of its’ report that Buhari may be the least corrupt in Africa.

    Buhari-asset1According to the reports which was tied to obtainable standards of other sub-Saharan African leaders, Buhari was described as being ‘dirt-poor’.

    Recall that a statement released by Senior Special Adviser on Media and Publicity to the President, Garba Shehu, reveals that Buhari has N30m ($150,000) in […]