Budgeting Crime & Judiciary Matters Economy News Extra Latest News National Assembly Planning & Economic Development Revenue

Termites ‘Ate’ Our Payment Vouchers – NSITF Tells Lawmakers

The Nigeria Social Insurance Trust Fund (NSITF)  told the Senate Committee on Public Accounts that some of its payment vouchers had been eaten up by termites, thereby failing to justify the spending of N17.16 billion in 2013 with the required documents. The N17.158 billion, which was queried in the 2018 Audit Report of the Office […]

Latest News National Assembly Oil & Gas Planning & Economic Development

Analysts Link Seplat’s Acquisition Of Mobil Saga To PIA Flaws

As the controversies over Seplat Energy Plc’s intention to acquire assets of Mobil Producing Nigeria Unlimited (MPNU) rage on amid serious concerns among investment and legal experts, Proshare Limited’s analysts have linked the confusions over the process to flaws in the just enacted Petroleum Industry Act (PIA) 2021. The investment research and consulting services’ analysts […]

Budgeting Civil Advocacy & Gender Matters Infrastructure & Capital Projects Latest News National Assembly Planning & Economic Development Professionals & HR Devt.

BudgIT Alleges Misappropriation Of N100Bn Constituency Project Fund

Tracka, BudgIT’s service delivery promotion platform which allows citizens to collaborate, track and give feedback on public projects in their communities, stated at the weekend that it found that N58.2 billion of the N100 billion constituency projects was allocated to empowerment projects. In a statement on the alleged misappropriation of the fund, the civil advocacy […]

Budgeting Crime & Judiciary Matters Latest News National Assembly Oil & Gas Political Economy

Over 200 Illegal Refineries Operating In Nigeria – Kyari

The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has hinted that over 200 illegal refineries are operating in the country, even as efforts to reactivate government-owned refineries are yet to yield the desired results. Kyari  gave this hint when he appeared before the House of Representatives Joint […]

Banking E-Payment Tech & Solutions Insurance & Pension Latest News National Assembly Technology

NDIC Restates Commitment To Nigeria’s Financial System Stability

The Nigeria Deposit Insurance Corporation (NDIC) has restated its commitment to its mandate by ensuring that depositors’ funds are secured and by so doing, support the monetary authorities’ efforts to ensure the nation’s financial system stability. The NDIC’s Managing Director, Mr Bello Hassan, made this promise at a retreat with the theme ‘Deposit Insurance In […]

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Operators Accuse N/Assembly Of Infractions In FTZs’ Activities

The Nigeria Economic Zones Association (NEZA), the umbrella body of Free Trade Zones operators and enterprises in the country, has cautioned the National Assembly and government agencies not to take actions that are inimical to attracting $25 billion Foreign Direct Investments (FDIs) yearly to the country through the Special Economic Zones’ scheme. The association’s Executive […]

Economy News Extra Latest News National Assembly Planning & Economic Development Political Economy

SGF Seeks Amendment Of Govt-Owned Enterprises’ Acts

The Secretary to the Government of the Federation (SGF), Boss Mustapha, has made a case for amendment of the Establishment Acts of Federal Government Owned Enterprises (FGOES) to reflect the current economic realities in the country. Mustapha made the call for the legislative action in his keynote address delivered at a Retreat for Chief Executives […]

Banking Crime & Judiciary Matters Economy News Extra Latest News National Assembly Technology

ECOWAS Court Orders Nigeria To Change CyberCrime Act

A court of the Economic Community of West African States (ECOWAS) has ordered Nigeria to change its cybercrime law by following concerns that it is being used to silence journalists and dissidents. The suit, which was filed by Socio-Economic Rights and Accountability Project (SERAP), a non-governmental organization,  centred around Section 24 of the 2015 Cybercrime […]

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Reps Uncover N300Bn Unclaimed Funds In Banks

The House of Representatives ad-hoc committee on unclaimed funds in commercial banks on Wednesday disclosed that it had uncovered over N300 billion unclaimed funds in the banks. The Chairman of the committee, Hon. Uyme Idem, who gave this figure on Wednesday in Abuja, said that the amount represented a mere fraction of the value of […]

Budgeting Economy News Extra Fiscal Law & Act Latest News National Assembly Revenue Revenue Agencies

We Facilitated Agencies’ N2.6Trn Remittance To Federation Accounts – FRC

The Fiscal Responsibility Commission (FRC), has said that through its statutorily defined activities it facilitated federal agencies to remit N2.6 trillion to the federation account in 12 years. The commission’s Chairman, Chief Victor Muruako, who gave this hint on Monday at the opening of a five-day capacity building training for Fiscal Responsibility Boards of Kaduna […]