Nigeria loses approximately $18 billion annually to illicit financial flows (IFFs) due to profit shifting and aggressive tax avoidance practices by some Multinational Corporations transacting business in Nigeria. This is according to the Minister of State for finance Doris Uzoka-Anite
The Federal Government, States and the Local Government Councils shared a total sum of N1.818 trillion, being June 2025 Federation Account Revenue. The revenue was shared at the July 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N1.818
The Securities and Exchange Commission (SEC) say is set to introduce an Unstructured Supplementary Service Data (USSD) code for verification of capital market operators as part of its commitment to combat unregistered operators and stem the tide of Ponzi scheme activities in Nigeria. This
The Federal Inland Revenue Service (FIRS) say it remains commitment to building stronger ties with the media to foster improved public awareness and accountability around tax administration and reforms in Nigeria. This position was made known during a media
The Federal Inland Revenue Service (FIRS) say it has concluded plans to host a two-day National Conference on Illicit Financial Flows (IFFs) in its efforts to safeguard Nigeria’s financial integrity through tackling the menace which adversely impact revenue collection. According
Nigeria’s former Minister of Finance, Kemi Adeosun, has renewed calls for greater public support for charitable causes that positively impact vulnerable children, disadvantaged youths, domestic violence victims, and physically challenged persons. Adeosun, who is the Founder of DashMe Foundation, made
The Office of the Accountant General of the Federation (OAGF) has said that its inability to pay the June 2025 salary to employees across various Ministries, Departments, and Agencies (MDAs) was due to a technical glitch during the processing of
Following a successful first phase that supported over 150,000 beneficiaries, including under-five children, pregnant and breastfeeding women and girls, out-of-school children, and food-insecure households in Northeast Nigeria, the launch of a second phase of the resilience and peacebuilding project in
The World Bank’s annual Country Policy and Institutional Assessment (CPIA) report for Sub-Saharan Africa, released today, reveals that despite a stable average CPIA score for the region, there is an urgent need for governments in Africa to improve the delivery
Deutsche Bank has led a $747 million syndicated loan to finance Phase 1 Section 1 (from Victoria Island to Eleko Village 47+47km) of the Lagos-Calabar Coastal Highway, a flagship project under Nigeria’s Renewed Hope Infrastructure Development Agenda. This marks the
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