……Proposes N20.51Trn Budget For Fiscal 2023 President Muhammadu Buhari said on Friday that oil subsidy would be discontinued in fiscal 2023 to ensure improved efficiency in public finance and enable the administration to commit savings from the subsidy to other critical sectors with huge potentials to ameliorate the current socio-economic hardships of ordinary citizens […]
President Muhammadu Buhari, has in separate letters to the Senate, requested for the approval of the upper legislative chamber for the issuance of promissory notes totaling over N402 billion to three states, namely Kebbi, Yobe and Taraba. In his first letter read in plenary by President of the Senate, Ahmad Lawan, the President requested for […]
Speaker of Nigeria’s House of Representatives, Hon. Femi Gbajabiamila, on Tuesday harped on the importance of capital market to Nigeria’s development in view of its huge potential to increase investments in assets and wealth creation on a sustainable basis. The Speaker made this remark during a Public Hearing Call/Submission of Memoranda on the Investments and Securities Bill and the […]
The Senate Committee on Finance has commended the Securities and Exchange Commission (SEC) Nigeria on its efforts to operate profitably and charged the leadership to explore ways to further deepen the capital market in a bid to attract more local investors especially young Nigerians. Chairman of the Committee, Senator Solomon Olamilekan Adeola, gave the commendation […]
The Federal Competition and Consumer Protection Commission (FCCPC) has projected to generate N14.3 billion revenue in the 2023 fiscal year. The commission’s Director General, Mr. Babatunde Irukera, made this projection Monday during a public hearing on the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) organized by the House of Representatives Committee on Finance in […]
The House of Representatives Committee on Finance has commended the Securities and Exchange Commission’s (SEC’s) management on decisive steps taken in ensuring that it attains fiscal sustainability in the nation’s capital market regulatory agency. The Chairman of the committee, Hon. James Faleke, who gave the commendation during the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) interactive session with […]
The House of Representatives Committee on Finance has commended the Securities and Exchange Commission’s (SEC’s) management on decisive steps taken in ensuring that it attains fiscal sustainability in the nation’s capital market regulatory agency. The Chairman of the committee, Hon. James Faleke, who gave the commendation during the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) interactive session with […]
—-as Reps, Customs query daily subsidy claims by coy The Nigerian National Petroleum Company Limited (NNPC Ltd) has reacted to allegations of fraud in the fuel subsidy regime, saying it is prepared to open its books for a forensic audit of fuel supply and subsidy management over the past years. The company, in a […]
Information and Communications Technology (ICT) experts have warned that Nigeria and other nations are at the risk of losing $7 trillion yearly to cyber threats if nothing is done to protect the increasingly risk-prone global cyberspace. As a risk-averting measure, Nigeria’s cyber-security experts and stakeholders in the financial service sector have charged the Nigerian government […]
Nigeria’s House of Representatives Committee on Public Accounts has ordered the Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS) to provide the details of the companies involved in the N18 billion bush-clearing contracts of the Federal Ministry of Agriculture and Rural Development (FMARD). The committee’s chairman, Hon. Oluwole Oke, gave the directive […]