30 results
- 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,…
- 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…
- 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 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…
- 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-…
- 19 Jul 2022
CBN, PenCom Rated Low in Revenue Remittance Index
In its quest for transparency and accountability in the petroleum sector, OrderPaper has unveiled the Volume 1 of its Revenue Remittance Compliance Index The Revenue Remittance Compliance Index is…
- 26 Apr 2018
NCC Remits N49.7b to Govt in First Quarter of 2018
The Nigerian Communications Commission (NCC) in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007), remitted N49,792,870,113.00 (Forty-nine Billion, Seven Hundred and Ninety-two…
- 7 Feb 2014
Senate Probes CBN’s N138Bn Intervention Funds
The Senate has accused the Central Bank of Nigeria (CBN) of awarding projects from its operating surplus, instead of paying such sums into the Consolidated Revenue Fund to be appropriated by the…
- 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…
- 25 Jul 2025
Cardoso, CBN Boss Risks Arrest over Alleged N5.2 Trillion Unremitted Funds
The Joint Committee of the House of Representatives on Public Accounts and Public Assets has threatened to issue a warrant of arrest against Mr. Olayemi Cardoso, governor of the Central Bank of…
- 11 Jul 2021
SERAP Asks Court to Slash Allowances of Buhari, Others
Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Abuja “to order the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) and the National…
- 13 Jun 2015
Buhari to Earn N14.4m, VP Osinbajo N12. 1 Per Annum
Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has reviewed the salaries of the President, Vice President, Senate President and Speaker of the House of Representatives and Speakers in…
- 8 Jul 2014
DMO Cautions Banks against Lending to Govts
Debt Management Office (DMO) has warned all banks operating in the country that further contravention on the requirement for lending to all tiers of government will be met with full sanctions.…
- 9 Nov 2023
Reps Mull Board Chairman for CBN to Check Governor's Powers in New Bill
A bill to create the position of Chairman of the Board of the Central Bank of Nigeria (CBN), separate from the position of the governor, scaled second reading in the House of Representatives…
- 11 Mar 2022
NESG Lauds 2021 Finance Act, Seeks Implementation
The Nigerian Economic Summit Group, NESG, has lauded 2021 Finance Act as it enhances non-oil revenue and supports the implementation of Nigeria’s annual budget. This was stated by Laoye Jaiyeola, the…
- 26 Apr 2018
NCC Remits N49.7Bn to FG in First 4 Months of 2018
Nigerian Communications Commission (NCC) has remitted N49. 8 billion to the Federal Government Consolidated Revenue Fund (CRF) within the first four months of 2018, in compliance with the Fiscal…
- 2 Sept 2015
Babalola Asks EFCC to Give Informants 10% of Recovered Assets
Remi Babalola, former minister of State for Finance, has said that every principal officer in the executive arm of government should be made to declare their assets publicly to curb corruption. He…
- 27 Aug 2015
Buhari Breaks Covenant, Wastes 100 Days in Office – Nigerians
It is just days to the 100-day deadline the Muhammadu Buhari’s campaign set for itself to accomplish a raft of promises made before the March polls. Naij.com reported that there are noteworthy…
- 19 Nov 2025
ALTON Hosts First Telecoms Compliance Forum to Strengthen Governance and Service Quality
Association of Licensed Telecommunications Operators of Nigeria (ALTON) is proud to announce the first-ever Telecoms Industry Compliance Management Forum (CMF), a landmark initiative aimed at…
- 25 Jul 2021
CBN Gov, Others Risk Arrest over Alleged Financial Violations
House of Representatives may issue a bench warrant against Godwin Emiefele, governor of the Central Bank of Nigeria (CBN) and 53 other heads of government agencies for gross violation of the…
- 10 Oct 2013
ICPC Seizes 100 Houses Built with Proceeds from Corruption
The Independent Corrupt Practices and Allied Offences Commission (ICPC) said on Wednesday that it had seized more than 100 houses in Abuja suspected to have been acquired with proceeds of corruption.…
- 6 Dec 2022
Buhari Nominates Aishah Ahmed, Edward Adamu as CBN Deputy Governors
President Muhammadu Buhari has forwarded the names of Aishah Ahmed and Edward Adamu to the Senate for confirmation as deputy governors of the Central Bank of Nigeria (CBN). President Buhari’s request…
- 15 Jul 2019
NCC Remits N51.3Bn to FG in Q1 2019
Nigerian Communications Commission (NCC) has remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019. The remittance, according to Prof.…
- 20 Jan 2014
FG Targets N7.50Trn Revenue in 2014 Budget
Dr Ngozi Okonjo- Iweala, Minister of Finance, said that the 2014 budget envisaged a net collectible revenue of N7.50 trillion. Okonjo-Iweala, who is the coordinating minister for the Economy, said…
- 28 Dec 2023
FG to Issue Fresh Regulations for O-pay, Moniepoint, Others in 2024
Federal Competition and Consumer Protection Commission, FCCPC, has disclosed that it would release more regulations for operators in the digital lending space in 2024 to improve loan recovery methods…
- 17 Feb 2023
NNPCL Officially Takes over as FG Rests NNPC
The Federal Government Friday wound up the Nigerian National Petroleum Corporation, NNPC, after 46 years of operation and its place, the Petroleum Industry Act enabled Nigerian National Petroleum…
- 2 Aug 2019
MTN Admits Technical Disagreement with FIRS over Fine/Tax Status
MTN Nigeria, on Friday, admitted to a technical disagreement between it and the Federal Inland Revenue Service (FIRS) on how the 2015 fine should be treated for tax purposes. Onome Okwah,…
- 5 Aug 2019
FIRS, MTN Bicker over Tax Deductions
Federal Inland Revenue Service (FIRS) and MTN Nigeria are in another tax dispute over deductions of taxes from its 2015 record fine. This is coming days after Babatunde Fowler, chairman, FIRS,…
- 10 Dec 2020
SEC @ Senate Hearing Opposes FG’s Move to Manage Unclaimed Dividends
Securities and Exchange Commission (SEC) is opposed to a proposed amendment in the Finance Bill 2020 that prescribes that unclaimed dividends be handed over to the federal government as trustee,…
- 30 May 2013
Reps Angry over FG’s N6.4Bn “Spy Contact” to Israeli Firm
House of Representatives has begun probe into the controversial $40 million contract given to an Israeli firm by the federal government to spy on Nigerians who access to the internet. The House has…