Lawmakers Summon CBN, DISCOs, Over Alleged Misappropriation of $321m, N18bn Loan The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in relation to accusations of mismanaging loans amounting to US$321 million and N18.2...

Lawmakers Pass Amended Budget Bill For Second Reading, Decry N1trn Tax Waivers   The Senate yesterday passed for second reading a bill seeking to amend the 2022 Appropriation Act as the lawmakers decried the high N1 trillion tax waivers to be granted by the federal government. President...

Ministers, Lawmakers Among N5trn Chronic Debtors, AMCON Says   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, said the chronic debtors of the corporation were occupying top government positions. He also said that the corporation was working with other agencies such as the...

The 2016 budget will not be passed Thursday as promised by the National Assembly, it was learnt Wednesday. Rather, the fiscal document will be laid on the floors of the Senate and the House of Representatives by the Appropriation Committees of the two chambers. The Appropriation...