FG Saves N24.7bn Monthly From TSA The All Progressives Congress (APC)- led federal government has received high performance ratings in the management of the nation’s economy, especially for saving N24.7 billion monthly with the adoption of the Treasury Single Account (TSA) policy. A professor of economics,...

TSA: NPA Gives Intels 2 Weeks Ultimatum On $48m Debt The Nigerian Ports Authority (NPA) has ordered Intels Nigeria Limited (Intels) to pay an outstanding $48 million debt into the maritime agency’s Treasury Single Account (TSA) within two weeks. The Managing Director, NPA, Mrs. Hadiza...

Claims Linking Kyari to N50bn TSA Funds False- Baru The Nigerian National Petroleum Corporation (NNPC) has disclaimed the allegation that its Group Managing Director, Dr Maikanti Baru, had ever stated in any fora that the Chief of Staff to the President, Mallam Abba Kyari, “directed...

Nine of Nigeria’s money deposit banks were directed, last week, to immediately remit about $ 2.12bn Nigerian National Petroleum Corporation funds currently domiciled with them into the oil corporation’s Treasury Single Account with the Central Bank of Nigeria. The latest directive, dated August 23, 2016,...

For contravening various rules, including late remittance of funds under the Treasury Single Account (TSA) guiding the Nigerian banking industry, eight banks last year paid a total fine of N3.323 billion. Of the eight banks that have released their full financial statements for the year...