•Naira notes The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) announced the commencement of the process for review of the Revenue Allocation Formula (RAF) between the federal, states, and local governments. The Chairman of the RMAFC, Mohammed Shehu, who announced this at a news conference in Abuja, noted that t...
The Police Service Commission (PSC) has disowned a recent advertisement calling for applications into the 12th Regular Course Degree Programme of the Nigeria Police Academy, Wudil, Kano, describing it as illegal and a violation of due process. In a statement today, the Commission’s spokesperson, Ikechukwu Ani, said the publication did not foll...
The Securities and Exchange Commission (SEC) Nigeria has issued a public clarification over its role in the recent FirstÂHoldCo transaction, firmly deÂnying reports that it queried the parties involved. In a statement released yesterday, signed by Efe Ebelo, Head, External Relations of SEC, the capital market regulaÂtor said it acted in accord...
•SEC head office, Abuja In its commitment to combat unregistered operators and stem the tide of Ponzi schemes activities in Nigeria, the Securities and Exchange Commission (SEC) is set to introduce an Unstructured Supplementary Service Data (USSD) code for verification of capital market operators. Director General of the SEC, Dr. Emomotimi Aga...
•Securities and Exchange Commission (SEC) headquarters, Abuja The Securities and Exchange Commission (SEC) has launched an investigation into 79 suspected Ponzi schemes across Nigeria, warning that those found culpable will face severe legal consequences, including prosecution under the Investment and Securities Act (ISA). The Commission said ...
The Nigerian Christian Pilgrim Commission has announced that there will be no further pilgrimages to Israel until the Israel/Iran conflict is resolved. The Executive Secretary of the commission, Bishop Stephen Adegbite, made this known in a statement today in Abuja. The statement was signed by Mr Celestine Toruka, Deputy Director and Head of M...
The Police Service Commission has warned Police Inspectors, due for promotion, against financial inducement for the Departmental Selection Board interview. The Head of Press and Public Relations of PSC, Ikechukwu Ani, gave the warning in a statement released today in Abuja. Ani said the DSB interview for inspectors due for promotion to the ran...
•NUPRC boss, Gbenga Komolafe Nigeria’s crude oil reserves have been projected to last for another 64 years, while its gas reserves could sustain the country for 93 years, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said in Abuja yesterday. The latest reserves figures from NUPRC, contained in a statement signed by the Chief Ex...
•Tinubu President Bola Tinubu has assented to the South-West Development Commission Bill, the South-South Development Commission Bill, and the Nigeria Anti-Doping Bill, 2025. Special Adviser to the President on Senate Matters, Basheer Lado, made this known in a statement, noting that the legislations reflect Tinubu’s commitment to inclusive go...
The Federal Competition and Consumer Protection Commission (FCCPC) has instituted legal proceedings against MultiChoice Nigeria Limited and its Chief Executive Officer, John Ugbe, for violating regulatory directives, obstructing an ongoing inquiry and engaging in conduct deemed violations of the provisions of the Federal Competition and Consum...
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