NASS Queries NEITI On N960m Personnel Cost   The Senate Committee on Public Accounts has queried the Nigeria Extractive Industries Transparency Initiative over a N960m personnel cost in the 2022 budget allotted to 43 employees. While presenting the budget before the committee, Executive Secretary of NEITI, Dr....

US Dollar Crashes as Naira appreciates to N740/$ at Black Market For the first time in this month, November 2022, the Nigerian currency, Naira has appreciated significantly against the US dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators who...

In Two Years, AMCON Recovers N307bn Debt The Asset Management Corporation of Nigeria says it has recovered a total of N307 billion debts between 2020 and 2021. An inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of Nigeria led...

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...