Senate Queries PEF’s N100m Interest On 2015 N34bn Fixed Deposit
The Senate has condemned the management of the scrapped Petroleum Equalization Fund for not remitting all the N182m interest that accrued from the N34bn in fixed deposit of some banks.
The agency only remitted N82m without...
Buhari Directs TETfund To Increase Research Fund To N8bn
The President Muhammadu Buhari has directed the Tertiary Education Trust Fund (TETFUND) to increase research fund under the National Research Fund (NRF) scheme to the tune of N8 billion.
The president gave the directive yesterday at the...
Buhari Transmits Finance Bill To NASS For 2022 Budget
President Muhammadu Buhari has transmitted the Finance Bill 2021 to the National Assembly for consideration and passage to give legal backing to some of the proposals in the 2022 Appropriation Bill currently before the parliament.
The Speaker...
In 10 Months, Direct Remittances Drops By 62.4% To $1.96bn
Latest data by Central Bank of Nigeria (CBN) has revealed that total direct remittances from Nigerians in Diaspora dropped by 62,4 per cent to $1.96 billion in 10 months of 2021 from $5.21billion it recorded...
Reps Summon Customs, FIRS, Others Over Unremitted Taxes
The House of Representatives Committee on Public Accounts yesterday summoned the Nigeria Customs Service, the Federal Inland Revenue Service, the Ministry of Industry, and the Oil and Gas Free Zone Authority to clarify allegations of non-remittances of...
External Reserves Lost $610m In November
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed.
The reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29.
The CBN also disclosed that at the...
