Again, Soludo hits Okonjo-Iweala, claims another N8.9trn missing Former Governor of Central Bank Chukwuma Soludo has struck harder on the Minister of Finance Ngozi Okonjo Iweala claiming that another N8.9 trillion was missing under her watch. Soludo who had disclosed that no fewer than N30 trililon could not be accounted for since the incumbent Finance Minister assumed office insisted...... read more
Nigerian Banks Slow Down on Syndicated Borrowing Nigerian banks are pulling back from internationally syndicated dollar loans as falling oil prices and new regulation introduced by the Central Bank of Nigeria (CBN) late last year has pushed up borrowing costs, bankers said.In contrast, international lenders already experiencing excess liquidity and lack of deal flow elsewhere in the CEEMEA...... read more
Missing N30trn: SERAP Gives Ultimatum To Okonjo-Iweala | Prof. Chukwuma Soludo As the war of words between the minister of Finance, Dr. Ngozi Okonjo-Iweala and former governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo continue to rage, a civil society group has threatened to take the minister to court if she failed to provide information about the alleged missing N30trillion.Socio-Economic...... read more
Missing N30trillion: I won’t reply Soludo again – Okonjo-Iweala The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has stated that she would no longer reply the former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, over claims that that N30 trillion was stolen under her watch. Okonjo-Iweala said this while responding to...... read more
Jonathan receives report on alledged missing oil Money President Goodluck Jonathan on Monday received the report of the forensic audit of the Nigeria National Petroleum Commission (NNPC) accounts which was undertaken last year in view of allegations that $20 billion were missing. While receiving the report, the President expressed delight that the report was finally out, adding that it...... read more
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