Reps, Senators Face Probe Over Illegal Budget Passage   The House of Representatives’ Committee on Public Accounts has confirmed the allegation by President Muhammadu Buhari  that some committees of the National Assembly are passing budgets for ministries, departments and agencies of...

OPEC Decision On Oil Production Cut, Unanimous – FG   The Federal Government on Tuesday said the decision by the Organisation of Petroleum Exporting Countries (OPEC) to cut two million barrels of crude oil production was a unanimous one. It said the...

Nigerians Paid N1.23trn Tax To 36 States In 2021   Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the N1.03tn paid in 2020. This is according to data from the States’...

'Next Govt To Inherit $716m Judgment Debts'     The Presidency of Muhammadu Buhari may pass on at least $715.86m judgment debts to the next administration. The judgment debts were listed as 18 promissory notes in a document titled, ‘Schedule of Promissory Notes...

BoA Says Naira May Devalue By 20% In 2023   Nigeria’s local currency unit is set to weaken further next year as its current exchange rate to the dollar is well above fair value, according to Bank of America (BOA). According to...

Finance Minister Insists on more Taxes to Reduce Nigeria’s Debt Burden   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has insisted that only the collection of more taxes and effective blocking of revenue leakages were realistic measures...