Monetary

Accountant General, Customs CG Clash Over N28bn Unremitted Fund

Accountant General, Customs CG Clash Over N28bn Unremitted Fund   The Comptroller-General of the Nigeria Customs Service, Col. Hameed Ali (retd.), on Thursday disagreed with the Accountant-General of the Federation, Ahmed Idris, over the N28bn allegedly under-remitted into the Federation Account in 2015. Ali and Idris appeared...

NCDMB To Realise $360m As Revenue From Commercial Ventures

NCDMB To Realise $360m As Revenue From Commercial Ventures   The Nigerian Content Development and Monitoring Board (NCDMB), is expected to realise about $360million from its various partnerships in commercial ventures. The Executive Secretary of the Board, Simbi Wabote, who disclosed this at a capacity building workshop...

Reps To CMD: Remit N542m In Three Weeks

Reps To CMD: Remit N542m In Three Weeks   The House of Representatives has ordered the Centre for Management Development to remit a total sum of N542.4m to the Consolidated Revenue Fund of the Federal Government within three weeks. The House Committee on Finance said this is...

World Bank Okays $2.2bn For Projects In Nigeria

World Bank Okays $2.2bn For Projects In Nigeria   The World Bank on Tuesday approved six projects worth about $2.2bn for implementation in Nigeria in the 2020 fiscal year. The management of the bank had met to deliberate on a request from the Federal Government. A statement issued...

Onne Port Customs Targets N140.2bn Revenue In 2020

Onne Port Customs Targets N140.2bn Revenue In 2020   The Nigeria Customs Service, Onne Port, declared on Wednesday that it must achieve or surpass its revenue target of N140.2bn for the year 2020. This is as stakeholders in port operations called on Customs to acquire scanners that...

Senators Kick As Accountant General Fails To Explain N2.9bn IPPIS Funds

Senators Kick As Accountant General Fails To Explain N2.9bn IPPIS Funds   The Senate Public Accounts Committee adjourned abruptly on Tuesday following the inability of the Office of the Accountant General of the Federation to give details of the Integrated Payroll and Personnel Information System. IPPIS is...