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bailout
April 28, 2017
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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 of bailout funds to states still owing salaries. 2. Amaechi had issues with Patience, not me – Jonathan  Former President Goodluck Jonathan has said he has... Read More
The News Blog
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April 28, 2017
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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 Jonathan never showed commitment to fight against insurgency – Shettima – YNaija We have enough forex for end users, bank customers – CBN – YNaija... Read More
The News Blog
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April 28, 2017
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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 how the governors spent previous bailouts before granting a new one. Senator Dino Melaye, while seconding a motion by Suleiman Nazif urged the Federal Government... Read More
The News Blog
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Senate President, Bukola Saraki, Senate Leader, Ali Ndume and Senator Oluremi Tinubu | YNaija.com
September 28, 2016
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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 aviation industry” urging his colleagues to come to the aid of the ailing sector. He said, “A couple of weeks ago, Aero contractors, Medview, First... Read More
The News Blog
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June 12, 2016
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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 of the 36 states facing financial difficulties. This was contained in a statement made available by the Ministry of Finance. The states can only access... Read More
The News Blog
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June 12, 2016
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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, the Punch reports. Banks had begun retrenching some of its workers in other to save itself from the growing economic difficulties. Reacting to the spate... Read More
The News Blog
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May 20, 2016
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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 to the governor’s request to apply for bailout funds from the Federal Government at a session yesterday. Rivers had previously refused to take the bail... Read More
The News Blog
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April 29, 2016
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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 meeting with President Muhammadu Buhari at the Presidential Villa in Abuja. They handed over a Fiscal Restructuring Plan for the Federation to the President, saying... Read More
The News Blog
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September 13, 2015
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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 Bank of Nigeria (CBN). The Director of Media and Strategy of the PDP in Osun State, Diran Odeyemi, who revealed this allegation in a statement made... Read More
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Greece in debts
July 1, 2015
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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 about 1.5 billion euros, to the International Monetary Fund. Consequently, Greece, having defaulted, will not have access to any of the money still available if it... Read More
The News Blog
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June 15, 2015
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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 have performed better. It’s equivalent to taking a state problem and making it a national problem. So… let’s talk about this bailout since this subject... Read More
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