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 […]
PFAs Roll Out PENCAP for RSA Data Recapture
By Oluwakemi Kindness Pension Fund Administrators (PFAs) have begun implementing PENCAP, a fully digital self-service platform designed to fast-track data recapture for Retirement Savings Account (RSA) holders nationwide. The process officially went live on 1 February, enabling Retirement Savings Account (RSA) holders to update their records remotely without visiting PFA offices. According to a statement […]
Nigeria, Palestine Deepen Bilateral and Consular Cooperation
By Zainab Bakare The Federal Government and the State of Palestine have reaffirmed their commitment to strengthening bilateral relations and boosting consular cooperation, deepening their long-standing diplomatic ties. This was contained in a statement issued by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, following a courtesy visit by the Palestinian Ambassador to […]
CBN Sets New Priorities to Strengthen Nigeria’s Fintech Ecosystem
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has outlined new policy priorities focused on regulatory coordination, stronger supervisory capacity and responsible, scalable innovation to sustain growth and protect the integrity of the country’s fintech ecosystem. In a new assessment report released on Monday, the apex bank said Nigeria’s fintech landscape has grown rapidly, […]
FAAC Shares ₦1.969 Trillion Federation Account Revenue
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC) has shared a total of ₦1.969 trillion for the December 2025 Federation Account Revenue among the Federal Government, State Governments, and Local Government Councils. The Federal Government received ₦653.5 billion, State Governments were allocated ₦706.469 billion, while Local Government Councils got ₦513.272 billion. In addition, ₦96.083 […]
NNPC Calls on Investors to Unlock Nigeria’s Gas Potentia
By Arinzechi Chukwunonso The Chairman of NNPC Ltd, Engineer Ahmadu Kida, has urged local and international investors to join Nigeria in unlocking the nation’s vast gas potential, describing natural gas as a key driver for industrial and economic transformation. Engineer Kida made the call during the official unveiling of the NNPC Gas Master Plan 2026 […]
Labour Unions to Protest at FCDA in Support of Fct Workers
By Chinedu Echianu The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have announced plans to stage a peaceful solidarity protest march to the Federal Capital Development Authority (FCDA) on Tuesday, February 3, in support of members of the Joint Union Action Committee (JUAC). The planned rally, according to the two […]
Adeniyi Calls for Global Action to Address Cross-Border Threats
By Oluwakemi Kindness Nigeria’s Comptroller-General of Customs, Adewale Adeniyi, has called for deeper, structured international collaboration to address emerging cross-border challenges. Adeniyi who is also the Chairperson of the World Customs Organisation WCO, Council, listed the challenge to include the growing problem of cargo diversion along transit corridors. Speaking during a panel session at the […]