The federal government is set to take over direct custody of revenues generated by its key agencies as part of efforts to improve income generation and block leakages. Many federal government revenue generating agencies, commissions and enterprises are being accused of either spending at will most of the monies, they[Read More…]
Tag: government
Panic Buying of Palliatives Caused High Food Prices – Governors
The Jigawa State Governor, Abubakar Badaru, and his Kebbi State counterpart, Atiku Bagudu, recently said bulk purchase of food items as palliatives for the COVID-19 pandemic contributed to the high cost of food in the country. The governors spoke alongside their Plateau State counterpart, Simon Lalong, during an interview with[Read More…]
FG Makes U-Turn, Apologises For Asking All Bank, Other Account Holders To Re-Register
The Federal Government has apologised for asking all account holders in the country’s financial institutions to register their details again. The Federal Government earlier asked all account holders in banks, including insurance companies, to fill and submit a Self-Confirmation form. The order was given despite the possession of the Bank[Read More…]
Nigerian Government Raises Petrol Pump Price Again
This new development was contained in a memo released by the Pipelines and Product Marketing Company and signed by D.O Abalaka.
Discos Give Conditions to Accept Forensic Audit
Ten out of the 11 electricity distribution companies (Discos) in Nigeria’s power sector have said that they will take part in a planned forensic audit of their operational activities by the federal government through the Nigerian Electricity Regulatory Commission (NERC) and the World Bank if certain conditions are guaranteed to[Read More…]
FG Rejects Proposed Increment of Licence Fee for Currier Services
The Federal Government has rejected the proposed increment of license fee for courier services by the Nigerian Postal Service, NIPOST. The minister of communication and digital economy, Isa Pantami, in a tweet Saturday morning, insisted that the increase was not part of the regulation he approved for the agency on[Read More…]
FG orders DSTV to suspend tariffs hike
The Nigerian Government has ordered the management of MultiChoice, to suspend the implementation of its new hiked tariffs on different bouquets on its DSTV. The Acting Director General of the Nigerian Broadcasting Commission, NBC, Armstrong Idachaba, gave the order on Tuesday. Also, the Minister of Information and Culture, Alhaji Lai[Read More…]
FG Stands out of July 1 Electricity Tariff Increase
Electricity Distribution Companies, DisCos, in the country have accused the Nigerian Electricity Regulatory Commission, NERC, of attempts to distance itself from the July 1 commencement of the new service-based electricity tariff regime. This allegation is contained in a statement released by their umbrella body, the Association of Nigerian Electricity Distributors,[Read More…]
How Banks Defrauds Customers in Nigeria
Nigeria bank has finished this Nation. They are silence killer and unarmed robbers. If you’re in doubt, below are series of charges always place on innocent customers on a single banking transaction. 1 VAT. 2. Account maintenance charges 3. SMS alert charges 4. Transfer charges 5. Poster STAMP DUTY charges[Read More…]
Sustainable consumption should be a matter of urgency and priority – Irukera
The chief executive officer of the federal competition & consumer protection council (FCCPC) Babatunde Irukera has said that, sustainable consumption should be a matter of urgency and priority for Nigeria. Professional bodies, regulatory agencies, among others must come together and ensure sustainable consumption becomes a reality. He added Irueka made[Read More…]
Consumer TV
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…]