Reps Summon Water Resources Minister As Agency Auctions N2bn Assets For N13.6m   The Office of the Auditor General for the Federation has queried the management of the Ogun-Osun River Basin Development Authority for selling off government plant, property and equipment valued at over N2bn at...

Nigerians Spent $221m On Foreign Education In Three Months – CBN   An analysis of data obtained from the Central Bank of Nigeria (CBN) showed that Nigerians spent at least $220.86 million on foreign education between December 2021 and February 2022. This is according to the CBN...

Reps Probe Unremitted Multi-million-dollar Revenue Under NPA   The House of Representatives’ Committee on Public Accounts has commenced an investigation of the multi-million-dollar debt owed the Federal Government by terminal operators at the nation’s seaports. It is also probing the alleged failure by the Nigerian Port...

FG: Tax exemptions, Incentives Fail To Stimulate Remittances, Growth The Minister of Finance, Budget and National Planning, Zainab Ahmed, says despite the Federal Government’s efforts to harness the benefits of tax exemptions and concessions, the incentive has rather led to huge revenue loss to the...

JUST IN: Accountant General of the Federation, Ahmed Idris, in EFCC Net over N80bn Fraud By Adnan Mukhtar Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the Accountant General of the Federation, Ahmed Idris, in Kano. The EFCC in a statement by...

Nine Banks’ Non-performing Loans Rise, Now N814bn   The aggregate Non-performing Loans of nine banks increased to N814.08bn in 2021, representing a 3.16 per cent increase from the N789.14bn reported. The nine banks are Access Holdings Plc, Zenith Bank Plc, Wema Bank Plc, FCMB Group, Union Bank...