Monetary

Senate Probes Accountant-General Over Alleged N978bn From SWVs

Senate Probes Accountant-General Over Alleged N978bn From SWVs   The Senate on Tuesday began probing the Office of the Accountant-General of the Federation over the N978billion it allegedly received from the Service Wide Votes (SWV), between 2017 and 2021. The said N978billion comprises both capital and recurrent...

How We Seized 5,500 Tons Of Drugs Worth N450bn In 22 Months – Marwa

How We Seized 5,500 Tons Of Drugs Worth N450bn In 22 Months - Marwa     The Chairman of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (rtd), has disclosed that the Agency has in 22 months seized over One Hundred Million pills...

Buhari Says FG Generated $547m From 5G Auction

Buhari Says FG Generated $547m From 5G Auction   President Muhammadu Buhari has disclosed that the auctioning of the 5G spectrum generated $547 million into federal government coffers. He also applauded the contributions of the digital economy in driving economic growth, creating employment and generating revenue for...

Customs Impounds Indian Hemp, Rice, Others Worth Over N1bn

Customs Impounds Indian Hemp, Rice, Others Worth Over N1bn   The Federal Operations Unit, FOU Zone A of the Nigeria Customs Service (NCS) said it has impounded 15 trailers of imported foreign rice, Indian Hemp, used clothes, and other contraband items with Duty Paid Value, DPV,...

Stamp Duty: Presidency Knocks Kazaure Over N89trn Claim

Stamp Duty: Presidency Knocks Kazaure Over N89trn Claim   Following controversies trailing a claim of a missing N89.09trn allegedly siphoned from stamp duty charges, the Presidency on Tuesday said such claims were false. It also said the entire banking sector deposits in Nigerian did not amount to...

Lawmakers Pass NCC’s N559bn Budget

Lawmakers Pass NCC’s N559bn Budget   The Senate, at a plenary on Tuesday, passed the 2023 budget of the Nigerian Communications Commission (NCC) following the presentation by the Committee on Communications. The lawmaker representing Yobe South, Ibrahim Bomai, who laid and presented the reports, stated that the...