Seven states spent an average of 190 per cent of their Internally Generated Revenue on debt servicing in the first quarter of 2025, a development that shows the worsening fiscal strain facing subnational governments. Data from the Q1 2025 Budget Implementation Reports of Bayelsa, Adamawa, Benue, Niger, Kogi, Taraba, and Bauchi states show that...
•Naira and Dollar notes A former Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof Bolaji Owasanoye (SAN), has disclosed that some companies in Nigeria inflate operating expenses and credit repayments to evade tax. Owasanoye stated this today on Channels Television. According to him, illicit finan...

