FG Stops Unverified Constituency Project Payments from MDAs   The Federal Government has directed all Ministries, Departments and Agencies to immediately stop processing payments for constituency and zonal intervention projects unless they obtain a Certificate of Verification and Compliance from the Federal Ministry of Special Duties...

FG Stops Stamp Duty Deductions by MDAs   The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria...

Nigeria has cancelled $717.7 million in undisbursed World Bank funding under the Power Sector Recovery Performance-Based Operation (PSRO), a programme designed to restore financial sustainability in the electricity sector.

'Nigeria Could Reject World Bank Loans Due to Delays' The Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, has warned that Nigeria may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to...

Excess Crude Account Stands at $535,823 - AGF   The Accountant-General of the Federation, Shamseldeen Ogunjimi, on Thursday said Nigeria’s Excess Crude Account stood at $535,823.39 as of August. Ogunjimi disclosed this at the National Economic Council meeting chaired by Vice-President Kashim Shettima. The ECA was created...

The newly appointed Accountant General of the Federation (AGF), Mr. Shamseldeen Ogunjimi, has vowed to maintain independence from undue influence and external influence within and outside the treasury house.