Federation Account
Federal government directs accountant-general, others to publish daily financial statements
The Federal Government on Monday directed the Accountant General of the Federation to publish daily treasury summary statements of financial inflows and outflows.
Katsina proposes N249 billion budget for 2020
Christened “The Budget of Reflection and Progress” is made up of a total recurrent expenditure of N75,579,865,990.00 which is equivalent to 30.30% of the total budget.
2020 budget will gulp bulk of looted funds recovered
There were indications on Tuesday that paucity of funds available to the Federal Government to meet infrastructural needs, especially the implementation of the 2020 budget when passed, may compel the government to channel most of the funds so far recovered through its anti-graft policy into the budget.
Federal government banks on solid mineral sector to diversify economy – ministry
The Permanent Secretary, Ministry of Mines and Steel, Abdulkadir Mu’azu, has said the Federal Government was banking on the solid mineral sector to diversify the country’s economy.
2020 budget: Kano governor proposes N197.68 billion
Gov. Abdullahi Ganduje of Kano State, on Thursday, presented the state’s 2020 budget of N197.68 billion to the House of Assembly for approval.
NNPC remits N729.3 billion, N602.3 billion to Federation Account
The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV) respectively between July 2018 and July 2019.
No need for loans if we recover $103 billion oil sale loss – Femi...
Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.
Kogi guber: PDP caution Governor Bello, APC against ethnic politics
Ahead of the November 16 Kogi State governorship election, the Peoples Democratic Party (PDP) has cautioned the All Progressives Congress (APC) to refrain from playing the ethnic card, and instead, get ready to face the consequences of the “serious issues of poor governance it foisted on the people of the state since 2016.”
Ogun Assembly reinstates suspended local council chiefs
The Ogun State House of Assembly on Thursday lifted the suspension placed on the Chairmen of the 20 Local Government Councils and 37 Local Council Development Areas in the state instituted by the 8th legislature.
FIRS targets 45 million tax payers by December – Tunde Fowler
The Federal Inland Revenue Service (FIRS) says about 45 million Nigerians will be captured as taxpayers before December 2019.
Nigeria earned N28.6 trillion from oil, non-oil sources in five years
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax (VAT).
NEITI: N28.58 trillion remitted into Federation Account in five years
N28.58 trillion was remitted to Nigeria’s Federation Account between 2012 and 2016, according to a report from the Nigeria Extractive Industries Transparency Initiative (NEITI).
FIRS orders banks to ‘sweep accounts’ of tax defaulters into federation account
High-profile tax defaulters got a 30-day window to regularise their tax status with the Federal Inland Revenue Service (FIRS), failing which they risk forfeiting the tax equivalent directly from their bank accounts to the Federal Government.
Akwa Ibom government holds summit to tackle rot in education sector
The Akwa Ibom State Government has finally come to terms with the reality about the education sector in the state. The government on Thursday organised a summit to seek expert opinions on how to fix the broken school system.
Lagos chamber urges central bank to stop N305 per dollar official exchange rate
The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to discontinue the official exchange rate of N305 to one United States dollar.
RMAFC: FIRS contributes 60 percent of revenue for Nigeria
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) said the Federal Inland Revenue Service (FIRS) contributed 59.7 per cent of revenues in the Federation Account in the last three months.
50 oil firms owe NDDC N1.2 trillion – firm
Fifty oil firms operating in the Niger Delta region are owing the Niger Delta Development Commission (NDDC) N1.2 trillion in form of unpaid dues to the Commission, it was gathered yesterday.
Rep Faleke warns agencies against holding on to government revenue
Revenue generating agencies must refrain from holding on to revenue collected on behalf of the Federal Government, the Chairman of the House of Representatives Committee on Finance, James Faleke, has said.
Recent Stories
House of Reps probes social insurance trust fund over ‘N2.3 billion fraud’
The House of Representatives has set up an inquiry into allegations that the management of the Nigeria Social Insurance Trust Fund (NSITF) pilfered N2.3billion of workers’ funds. The motion to probe the agency was sponsored by Rep. Francis Ejiroghene Waive.
Nigeria tops world rankings with 13.2 million out-of-school children
A Non Governmental Organisation known as Mercy Corps Nigeria (MCN) has revealed through research that no less than 13.2 million Nigerian children are out of school in the country.
NBC to curb exploitation of consumers by satellite TV stations
The regulatory body represented on the National Frequency Management Council (NFMC), in conjunction with the National Broadcast Commission, (NBC) has been charged with the responsibility to propose subsidiary legislation to support existing Act for enhanced efficiency and fairness to consumers. It is also to ensure that consumers are not been exploited by Satellite Television station providers.
French president postpones G5 Sahel meeting after deadly attack
French President Emmanuel Macron and Nigerien President Mahamadou Issoufou on Thursday agreed to postpone a summit on France’s military involvement in the Sahel region after a deadly attack on Nigerien forces, the Elysee Palace said.
Former President Obasanjo hails Governor el-Rufai’s pan-Nigeria character
Former President Olusegun Obasanjo has commended Governor Nasiru el-Rufai for his pan-Nigeria character and his commitment to good governance.
Most Popular
Catalunya protest threatens Barcelona vs Real Madrid
Barcelona’s home match against Real Madrid, scheduled for December 18, has been pushed into doubt due to a communique released by Tsunami Democratic on Tuesday.
Twitter outlines plan for ‘open and decentralized’ system for social networks
Twitter plans to set up an independent research group to create an “open and decentralized” system for social networks, CEO Jack Dorsey said on Wednesday, which could relieve pressure on the company to appease critics of its content policies but also give rise to a new crop of competitors.
Lagos: Why we sealed pharmacies and patent medicine stores
Lagos State Government announced that it has sealed 24 pharmacies and patent medicine stores in various parts of the state for illegal operation and operating beyond scope of pharmaceutical practice.
Driver falls from truck, crushed to death on Lagos-Abeokuta expressway
The Ogun Traffic Compliance and Enforcement Corps has narrated how a driver was crushed to death in an accident involving two trucks around Conoil Bus-Stop, along the Lagos-Abeokuta expressway.
72-year old man loses marriage for starving wife of sex
A 72-year-old retiree, Mr Funsho Amos, has lost his marriage for starving his wife of sex for three years.