The Economic and Financial Crimes Commission (EFCC) on Thursday disclosed that it had recovered N30 billion from the suspended Accountant General of the Federation (AGF), Ahmed Idris, from the N109 billion allegedly to have been fraudulently siphoned by him The Chairman of the anti-graft agency, Abdulrasheed Bawa, gave this hint at the Ministerial Media Briefing […]
The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s inflation rose to 21.47% in November from 21.09% recorded in October, representing the 10th consecutive monthly rise in the general price level. The NBS, in its latest ‘Consumer Price Index (CPI) November 2022 Report’, indicated that the November inflation rate was the highest level […]
The Securities and Exchange Commission (SEC) Nigeria on Thursday announced that it had initiated moves to rebuild the E-Dividend Management Mandate System (e-DMMS) platform as a strategic step towards reducing unclaimed dividends in the nation’s capital market. The commission’s Director-General, Mr. Lamido Yuguda, who gave this hint in Abuja, said that the initiative was informed by the […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has ruled out the issuance of Eurobonds by the Federal Government in 2023 fiscal year as part of revenue generation options. Ahmed made this clarification late Wednesday while responding to questions about Nigeria’s Eurobond borrowing plans. The minister clarified that rather than exploring the […]
The World Bank Group has charged the Nigerian government on the need to adopt policy measures needed to grow the nation’s economy faster to reduce poverty, noting that despite favourable global oil prices, the “business as usual” attitude in managing the economy is not delivering desired outcomes. The Bank, which gave this charge in its […]
The Federal Executive Council (FEC) on Wednesday critically reappraised the Whistleblowers Policy’s implementation over the past years and approved a bill for transmission to the National Assembly for consideration and passage. The Council lamented that the implementation of the policy had lost momentum and decided that a legal backing should be given it to ensure […]
The Nigerian Communications Commission (NCC) has embarked on a regulatory initiative to sensitize the industry stakeholders about the need for proper and continuous risk identification with a view to managing such risks before they affect the health of the industry. To ensure the success of initiative, the Commission hosted a two-day maiden conference at its […]
Worried about the nation’s surging debt stock and its negative implications for public finance efficiency, investment analysts at Proshare Limited have advised the federal and state governments to explore revenue-generation opportunities as a fiscal option to minimize the debt service burden on the country. The economic researchers at the firm, which is one of the […]
The Bureau of Public Enterprises (BPE) has demonstrated the priority it places on workers and various stakeholders’ safety in workplace with the acquisition and installation of modern firefighting equipment in its premises. Speaking on the initiative during the commissioning of the firefighting equipment and the unveiling of the Bureau’s Fire Warden Kits at the Bureau’s […]
Shareholders of Dangote Cement Plc on Tuesday authorized the company’s board and management to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution. The company had earlier indicated an interest in undergoing a share buyback programme of up to 10 percent of its issued […]