Budget Financing

BREAKING: Senate Approves Tinubu’s ₦1.77 Trillion Loan to Help Fund 2024 Budget Deficit

Nov 21, 2024. by Ekohot Editor

The Senate has approved President Bola Tinubu’s ₦1.77 trillion ($2.2b) loan request following a voice vote in favour of the proposal. The approval came after the Senate Committee on Local and Foreign Debts, led by Senator Wammako Magatarkada (APC, Sokoto North), presented its report. This loan request, submitted by the President on Tuesday, is part … Read more

Emefiele In Hot Water As Senate Launches Probe Into N30 Trillion ‘Ways And Means’

Mar 20, 2024. by Ekohot Editor

Eko Hot Blog reports that the Nigerian Senate has disclosed plans to summon former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, regarding the N30 trillion ‘Ways and Means’ advances issued during President Muhammadu Buhari’s administration. This decision comes in the wake of inadequate explanations from the current CBN leadership regarding the transactions. Editor’s Picks … Read more