The Central Bank of Nigeria (CBN) has barred Microfinance Banks from foreign exchange transactions and other non-permissible activities.
A circular by Ibrahim Tukur for the Financial Policy and Regulation Department of CBN said, it has observed the activities of some Microfinance Banks (MFBs) that have gone beyond the remit of...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N760.717 Billion July 2021 Federation Account Revenue to the Federal, States and Local Governments Councils.
This was contained in a communiqué issued at the end of the virtual meeting of the Federation Account Allocation Committee (FAAC) for August 2021.
TheFact...
The African Development Bank Group, on 17 August 2021, announces the 18-month debarment of Sargittarius Nigeria Limited and its affiliates, including Sargittarius Henan Water Conservancy Engineering Limited, with effect from 28 July 2021.
Sargittarius Nigeria Limited is a limited liability company registered in the Federal Republic of Nigeria.
TheFact Nigeria reports...
The Central Bank of Nigeria (CBN) has disclosed its collaboration with Federal Inland Revenue Service (FIRS), Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU) and the Nigeria Police Force to prosecute Naira abusers.
CBN said, the move has become necessary because of the activities of persons, who...
The Federal Inland Revenue Service (FIRS) has appealed a recent judgment of the Federal High Court in Port Harcourt Rivers State on the issue of Value Added Tax (VAT)collection.
The FIRS disclosed this in a statement by its Director, Communications and Liaison Department, Abdullahi Ismaila Ahmad.
The statement reads as follows:...
The Accountant General of the Federation, Ahmed Idris has voiced his support for continuous training of Chief Executives and Heads of Government Agencies to equip them for optimal performance and efficiency.
He bared his mind after receiving a certificate and plaque of participation in the mandatory training programme for Chief...
The Debt Management Office (DMO) has debunked report
on national daily that Nigeria was among the high-debt risk nations, as released by the World Bank.
DMO said, the publication was not only false and misleading but also suggests an inadequate understanding of the essence of the World Bank’s Report.
TheFact Nigeria gathered...
The Securities and Exchange Commission (SEC) has commenced the implementation of the regulatory capacity improvements under the risk-based supervision framework and capacity building project.
The project funded from the AfDB Group administered/Capital Markets Development Trust Fund is to finance the Risk Based Supervision Framework Implementation and Capacity Development Project.
TheFact Nigeria...
The Accountant General of the Federation, Ahmed Idris FCNA FCTI has solicited active involvement of the Chartered Institute of Taxation of Nigeria (CITN) in finding solutions to the revenue challenges the country is facing presently.
He made the call while interacting with the President and members of the National Council...
Accountant General of the Federation, Ahmed Idris and Vice Chancellor, Federal University, Dutse, Prof. Abdulkarim Sabo Muhammad met today, Thursday, August 5, 2021, in Abuja during a courtesy visit to the Treasury house.
AGF Ahmed Idris fcna and the Vice Chancellor Federal University, Dutse, Prof. Abdulkarim Sabo Muhammad during a...
