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Tinubu Appoints New Accountant-General Of Federation
President Bola Tinubu has appointed Shamsedeen Ogunjimi as the new Accountant General of the Federation (AGF).
The announcement, made on Tuesday, March 4, 2025, confirms that Ogunjimi will officially assume office on March 7, 2025,…
CBN Breaks Silence As Court Orders Forfeiture Of Keystone Bank Shares
The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank not to panic following a court order ordering forfeiture of the bank shares to the Federal Government.
A statement signed by Acting Director, Corporate…
China Coy Plans 2.5 million Daily Egg Production Farm In Nigeria
A 2.5 million eggs per-day production poultry farm is to be built in Nigeria by the China Communications Construction Company (CCCC).
This is one of the major highlights of the ongoing visit led by the Director-General of the…
Ogidigben $20 billion Gas Project: Nigeria Receives Investment Commitment from Chinese Firm
The federal government has received a commitment from a Chinese firm, China National Chemical Engineering International Corporation Ltd (CNCEC), to support the development of the $20 billion Ogidigben Gas Project in partnership with…
We Generated N6.1trn in 2024 says Customs CG
Amidst the nation's dwindling economic base, there appears to be renewed hope in the horizon as the Nigeria Customs Service has announced a 90.4 percent increase in its revenue generation in 2024.
The Comptroller General of the Nigeria…
States’ Finances Worsen as FAAC Allocation Declines By 30%
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022, representing a 30 per cent reduction over the period.
The decrease in allocation to these…
FAAC shares N656.602billion April 2022 revenue to FG, States, LGAs
The Federation Account Allocation Committee has shared a total sum of N656.602 Billion April 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils.
This was contained in a communiqué…
Report: CBN may increase interest rate this year
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign exchange reserve depletion.…
Foreigners dump Nigerian stocks worth N209bn in 11 months
Foreign investors pulled out a total of N209.76bn from the Nigerian stock market from January to November last year, official data obtained on Friday show.
The Nigerian Exchange Limited, in its latest domestic and foreign…
Umahi swears in members of revenue appeal commission, SUBEB, others
Governor Dave Umahi of Ebonyi State has sworn in new members of the Revenue Appeal Commission, Secondary Education Board, and Universal Basic Education Board.
The swearing-in ceremony took place at the Executive Council Chambers,…