LCCI, MAN, Others Kick As CBN Raises Lending Rate To 13%
The Lagos Chamber of Commerce and Industry (LCCI), Manufacturers Association of Nigeria (MAN) and the Nigerian-American Chamber of Commerce (NACC) have criticised the hiking of the monetary policy rate by the Central Bank of...
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...
