Business

FG warns auditors against shielding corruption in MDAs

Public auditors have been cautioned against shielding corruption and other irregularities in the accounts of Ministries, Departments and Agencies, MDAs, during their audit processes.

President Muhammadu Buhari gave the warning at an annual conference of Auditors-General of Nigeria with theme &l [...]

Mon, 10 December 2018


Pension: FG makes national identity number compulsory

The National Pension Commission, PenCom, has directed all active and retired Retirement Savings Account, RSA, holders to provide their National Identity Number, NIN, to their fund managers.

With the new arrangement, all workers under the Contributory Pension Scheme are now required to produce t [...]

Mon, 10 December 2018


FG condemns attacks on anti-corruption policies

 

The federal government is worried over the criticisms that trailed some of its anti-corruption and asset recoveries, insisting most of the backlash are driven by selfish interest.

Speaking particularly on attacks that followed the issuance of the Presidential Executive Order No. 6 [...]

Mon, 10 December 2018


Automation of non-oil revenue collection critical to economic growth– AGF

The Accountant General of the Federation, Ahmed Idris, has stressed the need for continued automation and management of non-oil revenue, stressing that this is critical towards increasing revenue generation and economic growth of the country.

According to him, diversification of the economy awa [...]

Sun, 02 December 2018


Mobile penetration: Nigeria records additional 3.1m active lines in October

An additional 3,180,525 active telephone lines were recorded in the country’s phone subscribers’ data in October 2018 alone.

The latest Subscriber/Operator Data published by the Nigerian Communications Commission, NCC, shows that active telephone lines in Nigeria increased from 162, [...]

Sun, 02 December 2018


FAAC shares N788.139bn as October allocation ....states IGR soars in Q1

The Federation Account Allocation Committee, FAAC, distributed a total of N788.139 billion to the three tiers of government as revenue for October 2018.

According to the committee, the total distributable revenue of N788.139 billion was made up of statutory distributable revenue of N682.161 bil [...]

Sun, 02 December 2018


Power accidents claim 453 lives in 3years – NEMSA

Not less than 453 people were said to have lost their lives to power accidents and electrocutions across Nigeria between 2015 and October 2018.

Speaking at the Power Safety Summit, PSS, in Abuja the Managing Director of Nigerian Electricity Management Services Agency, NEMSA, Engr. Peter Ewesor, [...]

Sun, 02 December 2018


Senate committed to speedy amendment of NDIC Act’

The Nigerian Senate said it is commitment to accelerate the amendment of the Nigeria Deposit Insurance Corporation, NDIC, Act, 2006.

The Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Rafiu Adebayo, made this known recently when he led his team on [...]

Mon, 26 November 2018


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