18 Years After: RMAFC moves to review president, governors, lawmakers’ pay
By Babajide Komolafe, Economy Editor The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has completed the review of the remuneration of political office holders, 18 years after their salaries were last reviewed by law, saying the proposed new remuneration and revenue allocation Bills will reach the National Assembly before the end of the year. Chairman […]
Port expansion: PTML plans fresh $50m investment
By Providence Ayanfeoluwa The Managing Director of Port and Terminal Multiservices Limited (PTML), Mr. Ascanio Russo, has unveiled plans to invest an additional $50 million in the terminal to strengthen port infrastructure, improve operational efficiency and support Nigeria’s ambition of becoming the leading maritime hub in West and Central Africa. Russo disclosed the proposed investment […]
Nigeria eyes 100% EITI validation score in 2026
By Obas Esiedesa The Federal Government has expressed confidence that Nigeria will achieve a perfect score in the 2026 validation of the global Extractive Industries Transparency Initiative (EITI), with the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Musa Sarkin Adar, declaring the country fully prepared for the exercise. “We are ready for them. […]
Nigeria‘ll witness monumental devt with correct tax system — Oyedele
By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday said that Nigeria will witness monumental development, if the nation gets her tax system right. He spoke when he received a delegation of the Chartered Institute of Taxation of Nigeria (CITN) in his office in Abuja. […]
Stronger AI governance needed to safeguard trust in banking
By Providence Ayanfeoluwa The Group Managing Director and Chief Executive Officer, United Bank for Africa, UBA Plc Mr Oliver Alawuba, has called on internal auditors across the banking industry to embrace artificial intelligence, AI, as the sector navigates a rapidly changing digital landscape. Alawuba made the call at the Association of Chief Audit Executives of Banks […]
SEC grants fresh licences to BGL firms, clears return to capital market operations
By Peter Egwuatu The Securities and Exchange Commission (SEC) has granted fresh approvals to three companies within the BGL Group, authorising them to resume operations across key segments of the Nigerian capital market. The approvals, contained in separate letters issued by the Commission, covering BGL Securities Limited, BGL Capital Limited and BGL Asset Management Limited, allows […]
