FGN Approves N758Bn to Clear off Pension Arrears
The Federal Government of Nigeria (FGN) has granted approval for a bond worth N758 billion to address the outstanding pension arrears. The Federal Executive Council has given the green light…
FGN To Commence Conditional Cash Transfer To Support Most Vulnerable, Indigent
The Federal Government of Nigeria (FGN) has approved a conditional cash transfer of 4 billion Naira to support vulnerable households. The government has also approved N2 billion in interest-free loans…
Breaking: Hacker of N1.1B from MoniePoint’s Vault Apprehended in Lagos!
Police Special Fraud Unit in Lagos has arrested a 43-year old man, Sunday Ozimede, for allegedly hacking into MoniePoint Micro Finance Bank system and carting away depositors N1.1b while planted…
BREAKING: Nigeria Governors’ Forum Endorses Tax Reform Bill, Makes Recommendations
The Nigeria Governors’ Forum (NGF) has endorsed the Tax Reform Bills, recommending that there should be no increase in the VAT rate and offering significant recommendations. The Chairman NGF, AbdulRahman…
#LGAAutonomy: 774 LGAs in Nigeria To Receive Direct Funds from AGF Office!
A team has been established within the Office of the Accountant General of the Federation (AGF) Office to manage the direct distribution of funds to the 774 local governments nationwide.…
Nigeria Recovers $52.88M in Assets Tied to former Petroleum Minister Diezani
The United States and the Federal Republic of Nigeria have agreed on a memorandum of understanding that will facilitate the return of $53 million in misappropriated funds to Nigeria. The…
House of Reps to Deliberate on the Bill for Derivation Funds for States
The House of Representatives is preparing to deliberate on a proposed bill that aims to raise the allocation of derivation funds for states endowed with mineral resources from a minimum…
Nigerian Railway Records Unprecedented Revenue of N1.69Bn!
In the second quarter of 2024, the Nigerian rail system reported a revenue of N1.69 billion from passenger fares, marking a significant increase of 53.14% compared to the N1.10 billion…
#MaiduguriFlood: President Tinubu approves N108Bn to Support Natural Disasters
President Bola Ahmed Tinubu approved the allocation of N108 billion to support the states in addressing natural disasters, with each state receiving N3 billion to aid their efforts. Borno State…
CBN Sanctions the Merger of Unity and Providus Banks
The Central Bank of Nigeria (CBN) has authorized a significant financial arrangement to facilitate the anticipated merger between Unity Bank Plc and Providus Bank Limited. This approval was stated in…