Funding Shortfalls Limit Audit of Nigeria’s Foreign Missions to Five
By Oluwakemi Kindness Nigeria’s Auditor-General says funding shortfalls limited the audit of foreign missions to just five in 2025, raising concerns over oversight of public spending abroad. Auditor-General, Shaakaa Chira, stated this during the 2026 budget defence of the Office of the Auditor-General for the Federation (OAuGF) before the House of Representatives Public Accounts Committee […]
CBN Okays Weekly FX Sale of $150k to Each BDC
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM). This is part of efforts to improve foreign exchange liquidity in the retail segment of the market and meet the legitimate needs of end users. A statement on […]
SEC Urges Civil Servants to Invest in Capital Market
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has urged Nigerian civil servants to take advantage of opportunities in the capital market to build wealth, strengthen their financial security and contribute more actively to national economic growth. During a strategic meeting with the Head of the Civil Service of the Federation, Dame Didi Walson-Jack, […]
Tinubu Approves Safe Passage for Niger-Bound Cargo
By Oluwakemi Kindness The Federal Government has approved the creation of safe corridors and safe passage to facilitate the movement of loaded trucks awaiting clearance to the Republic of Niger. The approval by President Bola Tinubu is part of ongoing efforts to ease transit bottlenecks and strengthen cross-border trade. The Comptroller-General of Customs (CGC), Adewale […]
Tinubu’s Reforms Stabilising Economy, Attracting Investors – Idris
By Mustapha Musa The Minister of Information and National Orientation, Mohammed Idris, says President Bola Tinubu’s economic reforms are stabilising Nigeria’s economy, restoring public confidence, and putting the country on a sustainable growth path. He stated this in a statement by his Special Assistant on Media, Rabiu Ibrahim. The statement says Idris who spoke during […]
House Queries ₦14.3bn Finance Ministry 2026 Budget Over Capital Spending
By Oluwakemi Kindness The House of Representatives has queried the ₦14.325 billion proposed 2026 budget of the Federal Ministry of Finance over alleged discrepancies in its capital expenditure component. Lawmakers raised the concerns during a budget defence session at the National Assembly with the committee on Finance, questioning the structure of the capital vote and […]
Lawmakers Query ₦470m Foreign Travel Spending Despite Presidential Ban
By Oluwakemi Kindness Lawmakers in the House of Representatives have queried the Nigerian Bulk Electricity Trading (NBET) Plc over ₦470 million spe9nt on foreign travel and training in 2025, despite a presidential directive restricting overseas trips by government officials. The issue was raised on Thursday during the 2025 budget performance review of NBET by the […]
House Threatens Arrest Over ₦100bn FCT Area Council Audit Infractions
By Oluwakemi Kindness The House of Representatives has threatened to order the arrest of the chairmen of the six Federal Capital Territory (FCT) Area Councils and their Finance Directors over alleged financial infractions exceeding ₦100 billion. The threat followed the submission of an audit report by the Auditor-General for the FCT Area Councils to the […]
Reps Probes Gurara II Hydropower Project Dispute
By Oluwakemi Kindness The House of Representatives has begun deliberations on a petition over a long-running dispute between Abuja Power Company Limited (APCL) and the Federal Ministry of Water Resources and Sanitation regarding the proposed Gurara II Hydropower Project in Niger State. The Chairman of the committee, Sada Soli, said the petition —pitting APCL against […]
Reps to Compel CBN, Banks in Agric Probe
By Oluwakemi Kindness The House of Representatives Ad-hoc Committee probing Agricultural Subsidies, Intervention Funds, Aids and Grants from 2015 to 2025 has warned key government agencies and financial institutions that it will invoke constitutional powers to compel their appearance following what it described as a persistent disregard for parliamentary invitations. At its investigative hearing on […]