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News
Customs intercept N604m contraband in Kwara
2+ day, 9+ hour ago (716+ words) The Acting Area Controller, Kwara Area Command of the Nigeria Customs Service, Najeem Ogundeyi. The Kwara Area Command of the Nigeria Customs Service has intercepted contraband with a combined Duty Paid Value of N604.33m and generated N7.98bn revenue for the Federal Government....
Reps probe NIOMCO-Premium Steel deal, procurement breaches
2+ day, 10+ hour ago (756+ words) File: House of Reps Green Chamber The House of Representatives Committee on Steel Development has commenced a preliminary investigation into the sub-lease and operation agreement between the National Iron Ore Mining Company and Premium Steel and Mines Limited. The Chairman…...
Apapa Customs intercept N43.58bn drugs, expired goods
2+ day, 10+ hour ago (510+ words) The Nigeria Customs Service, Apapa Area Command, said it had seized 13 containers of hard drugs and expired goods with a total duty-paid value of N43.58bn. “The total duty-paid value of the seizures is N43.58bn,” Adeniyi said. Giving details of the seizure, he…...
Cash transfer office debunks auditor-general’s N33.75bn fraud allegation
3+ day, 5+ hour ago (1177+ words) NATIONAL CASH TRANSFER OFFICE The National Cash Transfer Office has rejected allegations arising from a report by the Auditor-General for the Federation that the Federal Government could not provide sufficient evidence that N33.75bn in electronic cash transfers reached genuine beneficiaries. The…...
CBN tightens surveillance on banks over terrorism financing
4+ day, 16+ hour ago (504+ words) The Central Bank of Nigeria has intensified surveillance on banks and other financial institutions over terrorism financing risks as part of efforts to prevent the country’s financial system from being exploited by illicit actors. The apex bank said terrorism financing…...
NAFDAC destroyed N1.5tn fake products in three years – DG
5+ day, 21+ hour ago (755+ words) File: NAFDAC DG Prof. Mojisola Adeyeye The National Agency for Food and Drug Administration and Control said it has destroyed regulated products worth over N1.5tn in a single coordinated operation across Lagos and the South-East between February and March 2025, as part…...
Auditors uncover N94.4bn irregularities in gas infrastructure fund
6+ day, 11+ hour ago (1585+ words) The Office of the Auditor-General for the Federation has flagged financial irregularities and revenue gaps amounting to about N94.4bn at the Midstream and Downstream Gas Infrastructure Fund, established to support Nigeria’s gas infrastructure development and environmental remediation, The PUNCH reports. The…...
Military pay review: Generals’ pensionable salary rises to N2.5m monthly
6+ day, 9+ hour ago (1288+ words) The Federal Government has approved a new pensionable salary structure for personnel of the Nigerian Armed Forces, with Generals, Admirals and Air Chief Marshals topping the scale at an annual gross pensionable salary of N29.75m. The approval, contained in a September…...
Auditor-General flags N33.75bn transfers to unverified beneficiaries
1+ week, 1+ day ago (1594+ words) The Federal Government could not provide sufficient evidence to auditors that N33.75bn in cash transfers meant for more than 3.29 million vulnerable households reached genuine beneficiaries, the Auditor-General for the Federation has said. This was contained in the Auditor-General for the Federation’s…...
OPay seeks DSS, police probe over shutdown rumour
1+ week, 3+ day ago (409+ words) Fintech company OPay has said it is working with the Department of State Services and the Nigeria Police Force to investigate the false information circulating on social media claiming that the company is shutting down its operations in Nigeria. OPay’s…...