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36 states, FCT generate N2.57 trillion net revenue in 2018

Fiscal Responsibility Commission (FRC) has put the total net revenue of the 36 states and Federal Capital Territory (FCT) at N2.57 trillion excluding the Internally Generated Revenue (IGR).

FRC: Debt exceeds revenue in 36 states, FCT

All the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts exceeding their 12-month revenues, the Fiscal Responsibility Commission has said.
Benin Airport

FRC team inspects Benin airport control tower project

A team of the Fiscal Responsibility Commission (FRC) inspected the control tower of the Benin Airport on Friday, pledging to prevail on the Federal Government to complete the project.
The Fiscal Responsibility Commission (FRC) has expressed satisfaction with the quality of work at the Federal Medical Centre, Birnin Kebbi as Centre disclosed its Internal Generated Revenue (IGR) has increased from N15 million to N21 million.

Kebbi FMC IGR increases to N21 million as fiscal commission satisfies with projects executed

The Fiscal Responsibility Commission (FRC) has expressed satisfaction with the quality of work at the Federal Medical Centre, Birnin Kebbi as Centre disclosed its Internal Generated Revenue (IGR) has increased from N15 million to N21 million.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senate to partner FRC to block revenue leakages

The Senate has promised to work with the Fiscal Responsibility Commission (FRC) to block revenue leakages and misuse of funds by Federal Government agencies.

Commission decries acute accommodation shortage in Ahmadu Bello university

The Fiscal Responsibility Commission (FRC) has decried the acute shortage of students accommodation at the Ahmadu Bello University (ABU), Zaria.

FRC begins verification of federal government’s project in North East

The Fiscal Responsibility Commission on Tuesday said it has begun verification of the 2018/2019 Federal Government’s projects in the North East.
Nigeria Stock Exchange

FRC: Only Federal government, Lagos access capital market in 2017

Only the Federal Government and the Lagos State Government accessed the Capital Market for bonds in 2017, a Fiscal Responsibility Commission (FRC) report says.

36 states borrowed N2 trillion above generated revenue in 2017

Osun State is leading the 35 other states of the federation in accumulating a N2 trillion debt more than the gross revenue they generated in the 2017 financial year, a report has shown.

Federal government faults FAAN, NTDC, others over non-remittance of operating surplus

The Fiscal Responsibility Commission (FRC) has faulted several government agencies’ reluctance to remit their operating surplus into the Consolidated Revenue Fund (CRF).
Daniel Asapokhai

FRC inaugurates audit regulation working group

The Financial Reporting Council of Nigeria (FRC) yesterday inaugurated its Audit Regulation Working Group.

FRC creates incentives for whistle-blowers in private sector

The Financial Reporting Council, FRC, has proposed incentives for whistle-blowers in the private sector, as part of its effort towards ensuring good corporate governance in that sector of the economy.

Expert: Lack of corporate governance militating against businesses in Nigeria

A financial expert, Dr. Bala Mohammadu Abubakar, has identified lack of corporate governance and fiscal responsibility in both private and public sectors of Nigeria economy as the major factor militating against business activities in Nigeria.
FIFA HQ

FIFA reduces number of officials for final phase of World Cup

The FIFA Referees’ Committee (FRC) on Monday, said it has reduced the number of match officials earlier slated for the final phase of the 2018 World Cup.

FRC: 2018 corporate governance code will attract foreign investments

The Financial Reporting Council of Nigeria (FRC) has expressed the hope that the Nigerian Code of Corporate Governance 2018 will promote ease of doing business; attract local and foreign investments into the country.

Report: N1.2 trillion cash backed for capital expenditure in 2016

The Fiscal Responsibility Commission says out of the N1.58 trillion allocated for capital expenditure in 2016, only N1.219 trillion was cash backed.

Experts: Budget cycle inconsistency hindering economic, development

Over the years, the nation’s budget cycle has been inconsistent without a definite pattern, giving room for speculations and poor implementation.

FRC: 2018 budget passage a relief to the nation

Mr Victor Muruako, Acting Chairman, Fiscal Responsibility Commission (FRC), says the passage of the 2018 Appropriation Bill by the National Assembly is a relief to the nation.

Recent Stories

Medical council validates four coronavirus test kits – registrar

The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.