A storm of fury is brewing within the corridors of Alpha Beta Consulting LLP, the controversial tax firm widely linked to President Bola Ahmed Tinubu, following damning revelations of systemic discrimination, gross injustice, and preferential treatment that has left many long-serving employees disillusioned and betrayed.The company, which rose to prominence after being awarded a lucrativeContinueContinue reading “Scandal at Alpha Beta: Tinubu-Linked Firm Pays N400,000 Gratuity After 20 Years, Showers Millions on GMD’s Loyalists”
Category Archives: FINANCE
Tinubu Seeks NASS Nod for Whopping $21.5 Billion Loan, ₦758 Billion Bond as Nigeria’s Debt Soars to ₦144 Trillion
In a move that has sparked intense debate within political and economic circles, President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for a fresh $21.5 billion external loan and a ₦758 billion domestic bond issuance—despite Nigeria’s public debt already towering at ₦144.6 trillion.The president’s demands, conveyed through separate letters to the SenateContinueContinue reading “Tinubu Seeks NASS Nod for Whopping $21.5 Billion Loan, ₦758 Billion Bond as Nigeria’s Debt Soars to ₦144 Trillion”
Tinubu Submits N1.48 Trillion Emergency Budget for Rivers Amid Budget Scandal and Calls for Reform
In a bold and controversial move, President Bola Tinubu has submitted a N1.48 trillion emergency budget proposal for Rivers State to the National Assembly, following the Supreme Court’s nullification of the state’s 2025 budget and the imposition of what critics are calling an “unpopular emergency rule.”In a letter addressed to the National Assembly, Tinubu defendedContinueContinue reading “Tinubu Submits N1.48 Trillion Emergency Budget for Rivers Amid Budget Scandal and Calls for Reform”
Nigeria Clears $3.4 Billion IMF Pandemic Loan — But Faces $30 Million Annual Charges Until 2029
In a significant financial milestone, the International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the US$3.4 billion emergency loan it secured at the height of the COVID-19 pandemic. However, the West African nation remains tethered to annual charges of about US$30 million until at least 2029, due to the structure of theContinueContinue reading “Nigeria Clears $3.4 Billion IMF Pandemic Loan — But Faces $30 Million Annual Charges Until 2029”
IMF Debt Controversy: Tinubu Govt Claims Clearance as Data Reveals Nigeria Still Owes N274 Billion in Charges
Despite bold declarations from the Tinubu administration that Nigeria has “cleared” its debts to the International Monetary Fund (IMF), fresh data from the global lender tells a different story—one steeped in nuance, exchange rate losses, and persistent financial obligations.According to the IMF’s latest financial update released on April 30, 2025, Nigeria still owes the institutionContinueContinue reading “IMF Debt Controversy: Tinubu Govt Claims Clearance as Data Reveals Nigeria Still Owes N274 Billion in Charges”
Nigerians To Pay More for ATM Withdrawals as Banks Implement CBN’s New Directive
In a move that has sparked widespread concern, Nigerian commercial banks have announced new Automated Teller Machine (ATM) transaction fees, with some withdrawals now attracting an additional surcharge of up to ₦500 per ₦20,000 transaction at off-site ATMs.This development follows the Central Bank of Nigeria’s (CBN) revised policy, which takes effect on March 1, 2025.ContinueContinue reading “Nigerians To Pay More for ATM Withdrawals as Banks Implement CBN’s New Directive”
Nigerian Bank Directors, Senior Executives, Others Take N549Billion Insider Loans In Five Years —Report
Commercial banks’ annual reports filed with the Nigerian Exchange Limited between 2019 and 2023 revealed that directors, senior executives, and other key management personnel borrowed approximately N549 billion from their financial institutions over five years. An in-depth analysis of these reports by The PUNCH revealed this, revealing that the banks’ loans and advances to some directors andContinueContinue reading “Nigerian Bank Directors, Senior Executives, Others Take N549Billion Insider Loans In Five Years —Report”
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