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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…
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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 Petroleum Products Pricing Regulatory Agency (PPPRA) has come out to dispel claims that fuel queues may return to retail outlets over the 660 billion naira debt owed petroleum marketers by the Federal Government.
The Agency revealed in a statement on Thursday that Nigeria has months of Premium… 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
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
The federal government and major oil marketers in the nation’s downstream sector have reached an agreement to retain the cost of Premium Motor Sprit (PMS), otherwise known as petrol, at the current price of N145 per litre.
At a two-day consultative forum of the downstream petroleum sector convened by…
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