Borrowings by states and local governments from commercial banks fell to ₦2.13 trillion in June 2025, down from ₦2.68 trillion a year earlier. This represents a reduction of about ₦547.5 billion, or 20.4 per cent, in the review period. In a report on Monday, the CSL research firm said the trend reflects a deliberate effort …
By Esther Ososanya The Minister of the Federal Capital Territory, Nyesom Wike, says he withheld the May and June internally generated revenue (IGR) from area councils to help end the prolonged shutdown of FCT primary schools. Wike disclosed this during a media chat with journalists in Abuja on Thursday, noting that the teachers’ strike, which …
