Should banks’ solvency be dependent on governments’ deposits or capital base?
An issue of urgent financial importance is building up to boiling level in the nation’s banking sector. Otherwise, since the introduction of Treasury Single Account (TSA) policy by the federal government in September 2015, there had been rising cases of…
Is it that Buhari encouraged NNPC to breach TSA as a minister?
Next week Wednesday may be rowdy during the seating of the House of Representatives ad hoc Committee probing NNPC on the implementation of the Treasury Single Account (TSA) policy. This stemmed from the confirmation by the Committee on Tuesday that…
4th FG’s agency, NIS joins in war against Atiku’s Intels, revokes expatriates permits
The Comptroller-General of Nigeria Immigration Service (NIS), Muhammad Babandede, on Wednesday, announced the revocation of residence permits of expatriate workers in Intels Nigeria Limited and five other international companies operating in Nigeria. Aside Intels, other firms affected by the directive…
FG saves N617.5b in 25 months of TSA, IPPIS—-Buhari
More strategic details are still emerging from Tuesday’s address of President Muhammadu Buhari while declaring open the 2017 e-Nigeria Conference organised by the National Information Technology Development Agency (NITDA) held at the International Conference Centre, Abuja. He revealed that his…
‘Am here to show resolve in using ICT to drive change’—Buhari @ e-Nigeria
President Muhammadu Buhari on Tuesday personally flagged off the 2017 e-Nigeria conference, saying “My presence here today is a demonstration of our commitment and strong belief in using ICT as a major driver of our developmental governance and economic reform…
TSA probe by NASS: Is it that NNPC, CBN are hiding anything in common?
Nigerians are beginning to get worried on why on complete four occasions, the headships of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, had refused…
7 banks yet to move MDAs’ funds to TSA 2 years after
The Minister of Finance Minister, Mrs. Kemi Adeosun has listed seven money deposit banks still holding on to large sums of money belonging to Ministries, Departments and Agencies (MDAs), more than two years after the introduction of Treasury Single Account…
Intels still interested in Badagry deep seaport—Chariman
Just as the flying in of the global Chairman of Intels Nigeria Limited, Mr. Gabriele Volpi, to the country is fast tracking ongoing mediation between the company and the federal government though the Nigerian Port Authority (NPA) has assured that…
NPA now working on transfer of pilotage service to another firm—Usman
Indications emerged on Monday showing that chances of change of mind on the termination of its pilotage monitoring and supervision agreement with maritime logistics firm, Integrated Logistics Services Nigeria Limited (Intels), by the Nigerian Ports Authority’s (NPA) may have been…
Many federal agencies’ currently frustrated by release of funds for projects—Survey
Whereas the federal government is still basking on the euphoria of achieving the Treasury Single Account (TSA), there is a growing confusion and frustrations in accessing fund for strategic projects within Ministries, Departments and Agencies (MDAs), Business Hilights can authoritatively…
