……Develops Revenue Computation, Allocation Software The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) at the weekend said it recovered N319 billion unremitted revenues from Ministries, Departments, and Agencies (MDAs) over the last two years. The Chairman of the commission, Mohammed Shehu, who gave this hint during a media chat in a media on Saturday, explained […]
The Nigeria Communications Commission (NCC) has again cautioned telecommunication consumers on the rising trend of electronic frauds on telecom platforms across key sectors of the Nigerian economy. The NCC’s Director, Consumer Protection and Advocacy Unit, Consumer Affairs Bureau, Mr. Alkasim Umar, gave the warning during a sensitisation programme tagged: ‘Shine Your Eyes-No Fall Mugu’, in […]
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has reiterated the commission’s commitment to continually prioritize initiatives that accelerate broadband deployment to increase penetration and make internet connection readily available to telecom consumers. The EVC stated this at the 10th edition of Business 360 Clinics […]
The Securities and Exchange Commission (SEC) Nigeria has restated its commitment to continuously educate and enlighten investors as part of its sustained efforts to guide them on right investment decisions. The commission’s Head, Office of the Chief Economist of the SEC, Dr. Okey Umeano, who made this promise during an interview, noted that the rising spate of […]
In furtherance of its efforts to ensure that the provisions of the Money Laundering Act are fully complied with in the nation’s public finance system, Nigerian Financial and Intelligence Unit (NFIU) on Thursday announced a total ban on cash withdrawal from Public Accounts and payment of Estacode and travel allowances in cash and criminalized it. […]
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 […]
Public and private sector stakeholders in the financial services sector have expressed their support for the passage of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly. The lead institutions in the sector said that the proposed amendment of the Act would enhance the corporation’s capacity in its sustained […]
Following the ongoing investigations of the Accountant-General of the Federation (AGF), Alhaji Ahmed Idris by the Economic and Financial Crimes Commission (EFCC) over alleged financial impropriety, the federal government has appointed Mr. Anamekwe Nwabuoku to oversee the operations of the office. Nwabuoku’s appointment, which will subsists while Ahmed’s investigation continues, was conveyed to him in […]
The Nigerian National Petroleum Company Limited (NNPC) on Wednesday presented a projected N3 trillion subsidy cost for 2022 financial year to the Federal Executive Council (FEC) for approval following the Federal Government’s decision to sustain fuel subsidy payment for the next 18 months. At the FEC meeting presided over by President Muhammadu Buhari, the […]
The Central Bank of Nigeria (CBN), has acknowledged the receipt of the sum of N19, 333,333,333.36 recovered by the EFCC from the Kogi State Salary Bailout account domiciled in Sterling Bank Plc. A statement issued by the anti-graft agency’s Head, Media and Publicity, Wilson Uwujaren, indicated the receipt of the money by the apex bank […]