The report of the Senate Committee on Public Accounts on the status of compliance of parastatals on submission of audited accounts to the OAUGF obtained yesterday has revealed that no fewer than 315 Federal agencies including the Nigerian Ports Authority (NPA), Nigeria Deposit Insurance Corporation (NDIC) have failed… Read more
According to the National Bureau of Statistics's Internally Generated Revenue (IGR) report released by the NBS on Wednesday, Lagos State recorded the highest Internally Generated Revenue figure of N150.59 billion in first half 2016, followed by Ogun State with N28.15 billion.
Nasarawa State, however, generated the lowest revenue… Read more
The Economic and Financial Crimes Commission, EFCC, and the Securities and Exchange Commission, SEC, have vowed to declare war on fraudulent operators in the Nigerian capital market.
Ibrahim Magu, Acting Chairman, EFCC, and his SEC counterpart, Mournir Gwarzo made the pledge Thursday, January 19, 2017 while signing a… Read more
To stop the high incidence of unremitted operating surpluses that stood at N450bn as of last year, the Federal Government has barred its Ministries, Departments and Agencies from spending Internally Generated Revenues that are not appropriated in their annual budgets.
Also, declaring deficits will no longer provide an… Read more
President Muhammadu Buhari has once again submitted the name of Ibrahim Magu, the current acting chairman of the Economic and Financial Crimes Commission (EFCC), as his candidate for the substantive chairmanship of the anti-corruption agency.
A highly placed source at the Presidency told Saharareporters today that Mr. Magu’s… Read more
The Lawyer cum Pastor, Tunde Bakere, who is the General Overseer of the Latter Rain Ministres has opined that the pastors against the Financial Reporting Council of Nigeria's (FRCN) Code of Corporate Governance are thieves.
He said, "I can testify that the law was explained to kingpins in… Read more
The market indices of the Nigerian Stock Exchange (NSE) on Monday appreciated by marginal growth of 0.03 per cent due to cautious trading. This is coming just as investors await the outcome of the 2017 maiden edition of the Monetary Policy Committee (MPC) meeting.
The News Agency of… Read more