News

The Federal Executive Council, FEC on Monday proposed the sum of N26.01 trillion for the 2024 fiscal year to be submitted to the National Assembly. The government said it was working towards ensuring that the January to December budget circle is maintained and that the 2024 budget is passed and …

In exercise of powers conferred on the President as established in Section 3(6) of the Corrupt Practices and Other Related Offences Act, 2000, and in furtherance of the Renewed Hope mandate to reform key institutions and invigorate Nigeria’s war on corruption, President Bola Tinubu has approved the appointment of a …

President Bola Tinubu has given his approval for the exclusion of the Federal Capital Territory Administration (FCTA) led by Nyesom Wike from the Treasury Single Account (TSA), thereby granting the FCTA more control to use its Internally Generated Revenue (IGR) for project development. Wike disclosed this during a press conference …

President Bola Ahmed Tinubu The Federal Government has stated that accountants play a critical role in achieving inclusive growth in the country. President Bola Ahmed Tinubu said this during the 53rd Annual Accountants’ Conference hosted by the Institute of Chartered Accountants of Nigeria (ICAN). He said his government was determined …

Yemi Cardoso, CBN governor The Central Bank of Nigeria (CBN) has lifted foreign exchange, FOREX, restrictions on the importation of 43 items. In 2015, the Apex Bank put some imported goods and services on a list of items not valid for FOREX in the Nigerian foreign exchange market. The items …

Governor Sanwo-Olu of Lagos Governor Babajide Sanwo-Olu of Lagos State has reiterated commitment to the success of the 19th edition of the Africa Movie Academy Awards (AMAA). Sanwo-Olu gave the assurance in a statement signed by Tony Anih, the Chief Operating Officer of AMAA. The statement said that the continental …

James Faleke James Faleke, the lawmaker representing Ikeja Federal Constituency in the House of Representatives, has described as baseless the recent media speculations concerning his possible appointment as the Managing Director, Nigerian Ports Authority (NPA). Faleke, in a statement on Friday said the rumours are baseless and without merit, saying …

  President Bola Ahmed Tinubu has approved the appointment of Mr. Ola Olukoyede to serve as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a renewable term of four years in the first instance, pending Senate confirmation. This is contained in a statement issued by Ajuri …

 EFCC office The Economic and Financial Crimes Commission, EFCC, on Wednesday, disclosed that following petitions received by the commission, some former governors, former ministers, and some ministry officials are under investigation adding that details of their involvement will soon be made public. Spokesman of the commission, Mr Dele Oyewale also …

 Naira and Dollar   The exchange rate between the naira and the dollar dropped to N1,040 in the parallel market on Wednesday. The ongoing trend of demand surpassing supply seems to be a contributing factor. Forex traders report inflow quotes ranging from N1,035 to N1,045 per dollar, indicating heightened scarcity, …