Barely three months after the inauguration of President Muhammadu Buhari, the Federal Government unveiled a script to convert commercial debts of 22 states to bonds.

Yobe State Governor Ibrahim Gaidam yesterday clarified how the N10 billion bailout fund received from the Federal Government was expended.

The excruciating hardship occasioned by non-payment of five months salaries and allowances is forcing civil servants and teachers in Ekiti State to sell their personal belongings to survive.

Mr. Bobboi Kaigama, the President of Trade Union Congress of Nigeria (TUC), on Sunday said the union shunned the ongoing strike by Nigeria Labour Congress (NLC) in the best interest of Nigerians.

Greece on Sunday was set to adopt fresh cuts and tax hikes ahead of a Eurogroup meeting that is expected to unlock desperately needed bailout funds for the debt-ridden nation.

Immediate past governor of Kogi State, Captain Idris Wada has faulted reports credited to his successor, Alhaji Yahaya Bello on the status of the N20 billion bailout fund approved by the Central Bank of Nigeria (CBN).

The Federal Government’s recent N222bn bailout to states and loan restructuring may have worsened Nigeria’s chances of economic recovery in the nearest future, experts say.

The eurozone's bailout fund said Greece had formally submitted a request for a new aid programme, just days before a final deadline to reach a debt deal.