The Central Bank of Nigeria, CBN, has reinstated the nine banks recently suspended from the foreign exchange market for allegedly failing to remit about $ 2.3 billion fund of the Nigerian National Petroleum Corporation, NNPC, to the Treasury Single Account, TSA, of the federal government. The CBN Director of Banking Supervision, Mrs. Tokunbo Martins, announced…
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The Accountant-General of the Federation (AGF), Ahmed Idris, says the Federal Government plans to begin payment of staff salaries by the 25th of every month, as directed by President Muhammadu Buhari. Idris, who disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday, said “this is going to…
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Senate President, Bukola Saraki has revealed that a breakdown of the National Assembly budget will be published in the coming week. This was made known on Sunday, in a statement signed by Mohammed Isa, Special Assistant on Public Affairs to Saraki. The Senate president disclosed plans to publish the budget while speaking with a…
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Over the weekend, Senate President Abubakar Bukola Saraki restated the National Assembly’s commitment under his watch to the President Muhammadu Buhari-led administration’s war against corruption. Speaking with a team of editors of the London based “The Economist” newspaper, Saraki, according to a statement by his Special Assistant on Public Affairs, Mohammed Isa, said the…
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President Muhammadu Buhari has ordered all Federal Government Ministries, Departments and Agencies to open a Treasury Single Account (TSA) and start paying in all government revenues, incomes and other receipts. According to the directive, this measure is specifically to promote transparency and facilitate compliance with sections 80 and 162 of the 1999 Constitution. A Sunday…
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