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Azeez September 29, 2017

Governors request fresh bailout fund from FG

State governors have asked the Federal Government to release a fresh bailout in the form of budget support. Ebonyi State governor, David Umahi disclosed this to reporters at the end of…

Azeez April 28, 2017

The Big 5: These are the stories you should be monitoring today

These are the top five stories you should monitor today. Stop bailout to states owing salaries, Senate tells FG The Senate on Thursday urged the Federal Government to suspend payment…

Azeez April 28, 2017

The YNaija Tracklist: Amaechi had issues with Patience, not me – Jonathan | Stop bailout to states owing salaries, Senate tells FG | More stories

From the papers this morning - a tracklist. Stop bailout to states owing salaries, Senate tells FG - YNaija Amaechi had issues with Patience, not me – Jonathan - YNaija…

Azeez April 28, 2017

Stop bailout to states owing salaries, Senate tells FG

by Azeez Adeniyi The Senate on Thursday urged the Federal Government to suspend payment of bailout funds to states still owing salaries. The lawmakers asked the Federal Government to demand…

Senate President, Bukola Saraki, Senate Leader, Ali Ndume and Senator Oluremi Tinubu | YNaija.com

Oludolapo Adelana September 28, 2016

No bailout funds for aviation sector – Senate

The senate on Tuesday said it would not approve any the provision of bailout funds for the aviation sector. Senator Samuel Anyanwu had presented a motion entitled, “The looming crisis in the Nigerian…

Mazi Emeka June 12, 2016

FG to support state governments financially… but the conditions are strict

The federal government, on Tuesday, set out stringent fiscal conditions for states before they can access a conditional Budget Support Facility which is aimed at providing financial support to any…

Mazi Emeka June 12, 2016

FG won’t provide bailout for banks despite order not to sack workers

As Nigeria's economic situation worsens, the federal government has completely ruled out the option of giving bailout funds to banks in other to avoid job cuts and retrenchment of workers,…

Adebayo Emuleomo May 20, 2016

Governor Wike to borrow N10 billion to pay salaries

The Rivers State House of Assembly has given the state Governor, Nyeso Wike, the go-ahead to take a N10 billion loan from the Federal Government. The members of the House agreed…

Mazi Emeka April 29, 2016

Economy meeting: Here’s what was discussed between Buhari and state governors

Despite the bailout funds made available to states by federal government, Nigerian Governors Forum, on Thursday, pushed for a new revenue allocation formula. The governors made the demand during a…

Janeth J September 13, 2015

PDP claims Aregbesola is misspending bailout fund meant for salaries

The Peoples Democratic Party (PDP) has accused Governor of Osun state, Rauf Aregbesola of paying N20 billion to a road contractor, Slava Yediteppe, from the N34.988 billion bailout received from the Central…

Op-Ed Editor July 12, 2015

Seun Onigbinde: IGR is not a sprint race; Nigerian states need visionaries

by Seun Onigbinde Though it will be ill-advised to abruptly stop the routine handouts of revenue to States in Abuja, but that is what will incentivise states to think deeper,…

Greece in debts

Kolapo Olapoju July 1, 2015

Thousands contribute to save Greece from going flat broke

Greece is in a financial crisis, as the country's bailout program with its European creditors officially expires today Tuesday, July 1. The country failed to make a scheduled debt repayment of…

Op-Ed Editor June 15, 2015

Irene Nwaukwa: No bailouts for “onigbese” Governors, please!

by Irene Nwaukwa A bailout from FG will punish the entire country for the excesses of these states. It will greatly affect our economy and is unfair to states that…

January 21, 2013

Opinion: Capital market – When bad behaviour pays

by Olu Akanmu A public bail out of a financial institution is justified only if they pose a systemic risk to the financial system should they fail. It is important…