NASS Probes MDAs Over N600bn Illegal Spending   The House of Representatives Committee on Public Accounts has commenced a full-scale investigation of 115 ministries, departments and agencies of the Federal Government for spending over N600bn outside their approved budgets on salaries and allowances. Office of the Auditor...

UK Pledges £200m For Nigeria, Others To Fight Climate Change   The Foreign Secretary of the United Kingdom, James Cleverly, has said the UK will significantly step up its bid to help African countries fight climate change by supporting the African Development Bank’s Climate Action Window...

FIRS Remits Over N309bn Education Tax To TETFund   The Federal Inland Revenue Service (FIRS) has remitted over N309 billion from education taxation to the Tertiary Education Trust Fund (TETFund). The revenue generated by FIRS from across tertiary education institutions in the country between January and...

FG’s Expenditure Exceeds Revenue by N6tn in Six-Month The Central Bank of Nigeria latest data has revealed that Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23tn. According to the second quarter economic report on fiscal sector development compiled from the...

In One Month, Pension Assets Drop By N2bn   The total assets under the contributory pension scheme lost nearly N2bn in one month. This was contained in the National Pension Commission’s latest report titled, ‘Unaudited report on pension funds industry portfolio for the period ended 30 September...

Fed Govt Eyes N834trn To Meet Net Zero Target   The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and meeting the country’s Energy Transition Plan. A...