20 results
- 8 Sept 2014
FRC Accuses SEC, NPA of not Remitting N28.27Bn
The Fiscal Responsibility Commission (FRC) has accused two government agencies – the Securities and Exchange Commission (SEC) and the Nigerian Ports Authority (NPA) – of failing to remit…
- 19 Apr 2019
NCC, FRC to Enforce Corporate Governance Compliance in Telecom Sector
Nigerian Communications Commission (NCC) and the Financial Reporting Council of Nigeria (FRC) have agreed to enforce compliance by players in the Nigerian telecommunication sector to the national and…
- 29 May 2019
FRC Supports Reps on Electronic Document Management System
The Financial Reporting Council (FRC) of Nigeria has partnered with the Public Accounts Committee (PAC) of the House of Representatives to digitize the Committee’s operation using a modern electronic…
- 27 Jan 2016
FRC Commends NDIC on Audit Compliance
The Fiscal Responsibility Commission (FRC) has commended the Management of Nigeria Deposit Insurance Corporation (NDIC) for compliance with the submission of its audited financial statements of 2007-…
- 11 Dec 2025
FRC, ICPC Seal Anti-corruption Alliance
The Fiscal Responsibility Commission (FRC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have signed a memorandum of understanding (MoU) to enhance institutional…
- 8 Sept 2024
FRC Accuses Banks of Colluding with States to Bypass Fiscal Law
Fiscal Responsibility Commission (FRC) has decried the rampant collusion between banks and state governments in violating the provisions of the Fiscal Responsibility Act. Barrister Victor Muruako,…
- 29 Jun 2025
FG Halts FRC’s Turnover-Based Levy, Introduces N25m Cap
Federal government has halted the implementation of the controversial turnover-based annual dues imposed by the Financial Reporting Council (FRC) and has introduced a N25 million cap for Public…
- 26 Mar 2025
FG Halts Controversial FRC Dues amid Industry Outcry
Federal government has temporarily suspended the controversial annual dues imposed on public interest enterprises by the Financial Reporting Council (FRC) after fierce opposition from businesses.…
- 29 Jan 2025
Telcos Wax Worriedly over Annual Due Review by FRC
Association of licensed Telecom Companies of Nigeria (ALTON), umbrella body of telecom operators in the country, has raised the alarm over the review of annual payment structure under the Financial…
- 13 Apr 2022
FRC Seeks Practical Steps to Boost Market Regulatory Environment
The Financial Reporting Council of Nigeria has said it is important for governance practitioners to take practical steps to boost relationships with regulators. This was disclosed in a presentation…
- 1 Nov 2015
FRC Gives Stanbic IBTC 60 Days to Restate Accounts
Nigeria's financial regulator has given banking group Stanbic IBTC 60 days to restate 2013 and 2014 accounts after it ordered the company to withdraw them over "misleading" disclosures relating to…
- 9 Jul 2025
GOEs’ Remit Over ₦2tn to FG in 2024
Independent revenue remittance by the Government-Owned Enterprises (GOEs) moved from ₦200 billion in 2013 to over ₦2 trillion in 2024, Fiscal Responsibility Commission (FRC) confirmed the updated…
- 8 Feb 2013
Reps Accuse NNPC, NCC, Others of Diverting N9 Trillion
A House of Representatives’ report has revealed that some revenue generating agencies have short-changed the Federal Government N8.8 trillion and the report listed the agencies to include; Nigerian…
- 9 Sept 2015
SEC Suspends Stanbic IBTC Rights Issue over NOTAP, Others Query
Securities and Exchange Commission (SEC) has suspended the proposed rights issue earlier approved by the Commission. In letter to that effect, the Commission states that “this is to inform the…
- 21 Sept 2021
FG to Deploy Technology to Tax Digital Transactions
President Muhammadu Buhari has ordered deployment of technology to tax all digital transactions carried out across the country. Mr Boss Mustapha, secretary to the Government of the Federation…
- 14 Dec 2020
Strong Corporate Governance, Ethics are at the Heart of MainOne’s Success - Abimbola
In this interview, MainOne’s Chief Financial Officer, Solanke Abimbola discusses the company’s success over the past decade, expansion plans and projections for 2021 while noting that adherence to…
- 6 Apr 2024
EFCC Files Fresh 26-Count Charge against Emefiele
Economic and Financial Crimes Commission (EFCC) has filed a fresh 26-count charge bordering on abuse of office & corruption against Godwin Emefiele, immediate former governor of the Central Bank…
- 1 Jun 2014
Emefiele, New CBN Gov. Resumes Tomorrow
Godwin Emefiele, newly-appointed Governor of Central Bank of Nigerian (CBN), will Tuesday take the mantle of leadership at the apex bank from Dr. Sarah Alade, acting-governor of the bank. Emefiele…
- 24 Feb 2014
FG Says Sanusi is to Face Trial If…
Sanusi Lamido Sanusi, sacked governor, Central Bank of Nigeria (CBN) may face prosecution if a criminal case is established against him, according President Goodluck Jonathan. Jonathan, who spoke…
- 14 Jul 2016
Nigeria: Gradually Enforcing Regulation
The rule of law is more about enforcing existing rules than creating new laws. Any society that does not abide by some code of conduct whether in public or private matters tends to become chaotic,…