Business Hilights

Tracking Nigeria's Headline Business News Online

Treasury Single Account (TSA)

(Special Report) Between fighting corruption claims and audit mess amongst MDAs

A messy scenario suggesting complete opposite of the key campaign point of the President Muhammadu Buhari administration right from 2015 to date may be playing out amongst Ministries, Departments and Agencies (MDAs) of the Federal Government at the ongoing account…

Five reasons why Imo State became least corrupt state in Nigeria

Shortly after his inauguration at the Executive Governor of Imo State, Rt. Hon Emeka Ihedioha instituted five strategic good governance mechanisms and followed them religiously. Treasury Single Account (TSA) Bureau for Public Procurement and Price Intelligence Major contracts and procurement…

Remita SystemsSpecs
ICT

End of REMITA monopoly on TSA may begin today at Senate

All things being equal and by virtue of last week’s official invitation, the management of SystemSpecs Limited, operators of REMITA, the digital platform driving Federal Government’s Treasury Single Account (TSA) will appear before the Senate Committee on Banking, Insurance, and…

After Gambia, Kenya, Ethiopia line up to understudy how TSA works in Nigeria

Following the observed success so far recorded by the Federal Government accounting system powered by the introduction of Treasury Single Account (TSA), more African governments are lining up to understudy and adopt the regime to drive spending transparency and efficiency….

Nigeria’ll drill Gambia on how TSA works—AGF, Kudu Usman

As more African governments continue to express their desire to learn from the Federal Government on how to drive and run Treasury Single Account (TSA), the acting Accountant-General of the Federation (AGF), Mr. Mohammed Kudu Usman has promised the support…

TSA caused recession, not looting—Expert

A development economist, Dr. Ken Igboanugo, has revealed that contrary to earlier speculation that bad economic policies and acclaimed looting by 16 years of Peoples Democratic Party (PDP) caused the 2016 economic recession, it was caused by the implementation of…

ICT

Buhari @ e-Nigeria 2018, says technology inclusion fast-tracking economic growth

President Muhammadu Buhari on Monday, hailed the performance of the National Information Technology Development Agency (NITDA), in monitoring and rolling out strategic technology policies in the nation’s march to knowledge economy. In his address to declare open the eNIGERIA 2018…

Chris U
ICT

Set out 10% national budget for national ICT ecosystem development—Uwaje

Leading pioneer Information and Communications Technology (ICT) pundit, Mr Chris Uwaje has called on the federal government to set aside, 10 per cent of every national budget for the development of a national ICT ecosystem. Explaining issues on Thursday as…

NPA set to begin aggressive debt recovery drive including $42.3m, others

There are strong indications that the Nigerian Ports Authority (NPA) is set to begin coordinated debt recovery drive including funds trapped in banks since the take off of Treasury Single Account (TSA) and others traced to port operators across the…

Will Heritage Bank sink if it remits money collected on behalf NPA to TSA?

The pursuit of Heritage Bank by the Nigerian Ports Authority (NPA) over the remittance of revenue funds collected on its behalf which started since the emergence of Hadiza Bala Usman as the managing director of the agency is becoming endless…