The House of Representatives’ Committee on Public Accounts has confirmed the allegation by President Muhammadu Buhari that some committees of the National Assembly are passing budgets for ministries, departments and agencies of the Federal Government illegally. It was reliably gathered recently that the committee, after making the discovery, wrote to[Read More…]
Tag: committee
CBN retains MPR at 11.5%, other parameters remain constant
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also[Read More…]
Reps panel threatens to order CBN to take over Heritage Bank over debt
A house of representatives committee has threatened to ask the Central Bank of Nigeria (CBN) to take over the operations of Heritage Bank for allegedly owing the federal government more than its share capital. The ad hoc committee investigating the status of all recovered loots, movable and immovable assets from[Read More…]
World Sight Day: Lions Club Give Back to the Society
In commemoration of this year’s World Sight Day, Lion Club District 404B2 Nigeria organised a free eye screening and surgeries for members of the larger society. Speaking on this development recently in Lagos, the District Governor, District 404B2 Nigeria, Lion Kayode Oshinuga said; “October is a whole world wide month[Read More…]
Senate probes alleged CBN Non-Remittance of N20 trillion Stamp Duty
The Senate is investigating alleged failure by the Central Bank of Nigeria, CBN, to remit stamp duty of over N20 trillion into the Federation Account. Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani, All Progressives Congress, APC, Kaduna Central, who disclosed this, however, warned against[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]