Financial authorities are pushing to grant the Financial Supervisory Service (FSS) the power to impose its dispute mediation outcomes on financial institutions, a move the banking sector warns infringes on its fundamental right to a trial. The FSS recently reported to the National Assembly that it will actively support legislative[Read More…]
Tag: Financial Regulator Seeks Unilateral Power in Dispute Resolution
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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…]