30 results
- 6 Dec 2014
AG, CBN Plug N126Bn Loss with Treasury Single Account
Chief Olu Falae, a former Secretary to the Government of the Federation, has said that one of the ways to enthrone fiscal regime in the country is to stop a regime where government agencies and…
- 23 Jun 2019
Abor, TSA Director Accuses MDAs of Operating Illegal Accounts
Sylva Abor, director, Treasury Single Account (TSA) has said that some Federal Ministries, Departments and Agencies (MDAs) are still operating illegal accounts outside the TSA. He explained…
- 13 Feb 2025
FG Order MDAs to Close Commercial Banks’ Accounts, Enforce TSA Policy
Federal government has directed all Ministries, Departments, and Agencies (MDAs) operating in states to close their accounts with commercial banks and fully comply with the Treasury Single Account…
- 15 Feb 2017
TSA Rakes in N5.2Trn in One Year
Since the commencement of the Treasury Single Account in September 2015, over 20,000 accounts with Deposit Money Banks belonging to Ministries, Departments and Agencies have been closed with a total…
- 16 Sept 2015
TSA: Banks to Lose $10Bn as Transfers Stall Money Market
Banks in the country made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a s Treasury Single…
- 13 Jun 2021
TSA, BVN Eliminating Ghost Workers in Government – NITDA Boss
Malam Kashifu Abdullahi, Director General (DG), National Information Technology Development Agency (NITDA) said that the use of the Treasury Single Account (TSA) and Bank Verification Number (BVN)…
- 10 Jan 2017
Systemspecs to Deepen CBN’s ePayment Drive
Systemspecs Limited, promoter of Remita platform used by the federal government for its Treasury Single Account (TSA) said they are on the same page with the Central Bank of Nigeria (CBN) to deepen…
- 3 Aug 2017
NUC Urges Universities to Key into Remita
Abubakar Rasheed, Executive Secretary of the National Universities Commission (NUC), advised Directors of Academic of Planning of Nigerian Universities to key into the Treasury Single Account, (TSA),…
- 3 May 2016
In London, AGF Enumerates TSA Benefits, as Over 900 MDAs Join
Alhaji Ahmed Idris, accountant general of the Federation (AGF), has enumerated the benefits of the Treasury Single Account (TSA) to global audience in London, saying the federal government has…
- 4 Mar 2016
NBC Scam: EFCC Recovers N10Bn, to Prosecute Mba, Udotai, Others
Economic and Financial Crimes Commission (EFCC) has recovered NN10,061,172,600 from the National Broadcasting Commission(NBC) being alleged inflation of collateral funds meant for Digital Set-Top…
- 8 Nov 2021
Obaro, SystemSpecs Boss Reveals How He Left Banking to Start Remita
John Obaro, managing director, SystemSpecs, has revealed that he resigned as a banker to start the firm and build its HR technology solution, HumanManager and later its renowned financial technology…
- 29 Mar 2019
Upperlink to Provide State Govts with Improved TSA Solutions
Upperlink Limited, has shown its readiness to provide state governments with an improved Treasury Single Account solutions, even as the company have won the 2019 edition of Central Bank of Nigeria ’s…
- 10 May 2019
Reps Accuse Banks of Hiding $996m in Secret TSA Accounts
The House of Representatives this week alleged that the sum of $995.71 million was yet to be remitted to the treasury single account (TSA) by deposit money banks (DMBs) in defiance of the Federal…
- 17 Aug 2017
FG Begins Audit of TSA Remittances by Banks
The Federal Government has commenced an independent audit to ascertain the rate of compliance by Deposit Money Banks in the remittance of government funds into the Treasury Single Account (TSA). The…
- 1 May 2016
TSA Controversy an Unnecessary Distraction - Obaro
Mr. John Obaro, managing director, Systemspecs, the Information Technology firm that manages the Treasury Single Account (TSA) being implemented by the federal government of Nigeria. Obaro was at…
- 14 Dec 2021
FG Collects 7trn Through TSA
The federal government collected the sum of N7 trillion through the Treasury Single Account between January and November, this year. The Minister of Finance, Budget and national Planning, Mrs. Zainab…
- 1 Nov 2018
FG Shifts Burden to Payers in New TSA Regime Kicks Off
Federal government has approved a new Treasury Single Account tariff (TSA) model which mandates that the service charge on payment to its Ministries, Departments and Agencies (MDAs) from November 1,…
- 15 Nov 2016
World Bank Commends Remita, CAC for Improving Ease of Doing Business In Nigeria
The World Bank has commended the implementation of the Treasury Single Account by the Federal Government through Remita, the CBN-approved payment gateway, and the Online Name Reservation Portal of…
- 24 Aug 2016
Nine Banks Trouble for Hiding NNPC’s $2.274Bn
Nine deposit money banks (DMBs) are in trouble for hiding over $2.274 billion belonging to the Nigerian National Petroleum Corporation (NNPC) from the Treasury Single Account (TSA). The Central Bank…
- 2 Feb 2015
CBN, Firm List Benefits of e-collection Payment
The Central Bank of Nigeria (CBN) has reiterated the importance of keeping all funds in a single treasury account, saying it would eliminate corruption and leakages in Internally Generated Revenue…
- 22 Sept 2016
FG to Showcase Remita, Benefits to Global Community at GiTEX
The federal government has expressed its readiness to showcase Remita, the e-payment gateway for its much acclaimed Treasury Single Account (TSA), on the international scene. Dr Vincent Olatunji,…
- 14 Dec 2018
CBN says TSA Transactions Value Hit N13.53trn in 2017
The Central Bank of Nigeria (CBN) says the migration of the Federal Government Ministries, Departments and Agencies (MDAs) to the Treasury Single Account (TSA) has led to positive growth in the value…
- 2 Jun 2016
FG Yet to Pay for TSA Apps
Mr. John Obaro, Managing Director of SystemSpecs, said his company is yet to get paid for the Treasury Single Account (TSA) apps which are currently being used by ministries, agencies and departments…
- 2 Feb 2021
SystemSpecs: The Evolution of an African Technology Powerhouse
Africa’s digital revolution has been hailed as one of the continent’s most historic changes in the past decade. Despite challenges with infrastructure, prevalent poverty, poor health system and weak…
- 24 Aug 2016
CBN Lifts Forex Ban on UBA , 8 Others Remain Suspended
Central Bank of Nigeria (CBN) has deleted the United Bank for Africa (UBA) from the list of nine deposit money banks (DMBs) banned from the foreign exchange market, for hiding over $2 billion…
- 11 Aug 2019
Ekiti Adopts Remita for Integrated Funds Collection
Ekiti State Government has adopted Remita, a leading electronic payment platform in Africa, for collection of funds due to its Ministries, Departments and Agencies, for both formal and informal…
- 1 Mar 2017
TSA & the Significance of Software Nigeria
If the nation is still searching for the alibi of the audacity and professional ability of Software-Nigeria, to effectively deliver world class solutions for the economic advancement, constructive…
- 1 Dec 2015
APBN Bemoans Eleven Months Instability in Nation’s Policy Direction
The Association of Professional Bodies of Nigeria (APBN) has lamented against what it called 11 months of instability in policy direction of the economy as most of the policy makers, since January,…
- 30 Aug 2018
Stakeholders Canvass for Concerted Effort in ICT Local Content Development
Stakeholders in the information and communications technology (ICT) sector have urged the federal government to do everything in its powers to support local content in ICT. They stated this at…
- 5 Apr 2016
Osibanjo to Attend Technology in Government Summit/Expo 2016
Technology in Government Summit/Expo is Nigeria’s largest public sector technology event bringing together thousands of top government functionaries, senior government leaders, IT professionals…