Ministry, Police, Seven Others Spent N49.5bn Without NASS Approval – Auditor General
The Office of the Auditor General of the Federation has disclosed that nine Ministries, Departments and Agencies of the Federal Government spent about N49.5bn above their approved budgets between 2018 and 2019.
The OAuGF...
Retirees, Workers Kick As FG Plans N620bn Loan From Pension Funds
The Federal Government is planning to source $1.5bn (N620bn) loan from pension funds to support its proposed N7.73tn investment in transport infrastructure over the next five years.
Specifically, the government is seeking to obtain the...
After 222 Days, N546.5bn Economic Losses, FG Finally Lifts Twitter Ban
After 222 days and economic losses of about N546.5 billion, the Federal Government has finally lifted the ban on Twitter operations in Nigeria.
The lifting of the suspension was announced yesterday, via a statement by...
Lagos, Kano Highest Beneficiaries Of N75bn Survival Fund – Fed Govt
Lagos, Kano and Abia States have emerged as the highest beneficiaries of the federal government’s Survival Fund, following their receipt of N2.5bn, N2bn and N1.7bn respectively.
This was the highlight of a presentation made by...
‘NPA To Refund N40.13bn, $921.64m To FG’
The Auditor-General for the Federation has indicted the Nigeria Port Authority (NPA) for failure to recover and remit N40.126 billion, $921.636 million and 289,931.82 pounds to government treasury from various revenue sources in 2019.
This was contained in 13...
FG Says Discos’ Indebtedness Hits N326bn In Nine Months
The shortfall in remittances by power distributors to the Nigerian Bulk Electricity Trading Company Plc and the Market Operator of the sector rose to N326bn between January and September 2021, the Federal Government has said.
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