Fed Govt Generates N1.09trn From Indirect Taxes   The Federal Government received N1.09tn from indirect taxes in the first two quarters of 2022, according to data from the National Bureau of Statistics. This represents a 10.29 per cent increase from N984.33bn obtained in the first two quarters...

Report: Nigeria’s Foreign Missions Spending Funds Illegally – Auditor-General   The House of Representatives’ Committee on Public Accounts has commenced investigation of extra-budgetary spending by Nigeria’s foreign missions and their refusal to remit Internally Generated Revenue despite cries of paucity of funds by the embassies and...

Reps Invite Ministers Of Finance, Power, Others Over $33m Power Deal   The House of Representatives Committee on Finance has invited the Ministers of Power, Finance, Heads of Bureau of Public Procurement (BPP), Niger Delta Power Holding Company (NDPHC), Nigeria Bulk Electricity Transmission (NBET), Transmission Company...

Nigeria’s Debt Hits $100bn, Stakeholders Express Concern   Stakeholders at the African Conference on Debt and Development (AFCODD) have raised concerns about Nigeria’s rising debt profile as the country’s debt stock stood at $100billion as of March 2022. A breakdown by the Debt Management Office (DMO) revealed...

Unremitted Funds: Reps Order NEPZA To Refund N13.3bn To FG   The House of Representatives on Tuesday asked the Nigerian Export Processing Zones Authority (NEPZA) to refund to the sum of N13.3 billion unremitted funds to the federal government’s treasury. The House adhoc committee on unclaimed funds,...

Abacha Loot: FG, US Sign Agreement For The Return Of Fresh $23.4m   The Federal Government, on Tuesday, signed a fresh agreement with the Government of the United States of America, USA, for the repatriation of a total sum of $23, 439, 724 that was allegedly...