Category: #Finance
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AFDB, NIGERIA, UN WOMEN INAUGURATE GENDER EQUALITY ROADMAP TO 2030
The African Development Bank (AfDB), Federal Ministry of Women Affairs and UN Women Nigeria have inaugurated the Nigeria Gender Profile and Roadmap to Equality 2030, a framework that advances a clear pathway for gender equality and inclusive growth in Nigeria. In statement issued on the bank’s website on Wednesday July 8, the Minister of Women…
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EXPERTS WARN AGAINST BLIND RELIANCE ON AI IN AUDITING, STRESS STRONG GOVERNANCE
Accounting and audit professionals have been urged to embrace Artificial Intelligence (AI) as a tool to improve efficiency without allowing it to replace professional judgment, ethical reasoning and independent thinking in financial reporting. Speaking at the 2026 Audit Committee Institute Conference on Wednesday July 1 in Lagos, Chairman of the Audit Committee Institute, Christian Ekeigwe,…
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TAX: LAGOS CHAMBER OF COMMERCE SEEKS ONE-MONTH CIT FILING EXTENSION, WAIVER
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to grant a one-month extension for the filing of Company Income Tax (CIT) returns. The appeal followed widespread technical glitches that occurred on the newly introduced Rev360 tax platform. Director General, LCCI, Dr Chinyere Almona, made the appeal on Wednesday…
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BPP TO LAUNCH NEW NATIONAL FOOD PROCUREMENT GUIDELINES ON JULY 13
The Bureau of Public Procurement (BPP) has announced plans to unveil the National Guidelines for Public Procurement of Food and Related Services on July 13 in Abuja as part of efforts to strengthen transparency and efficiency in public procurement. According to the Director-General of BPP, Dr. Adebowale Adedokun, the new framework was developed in collaboration…
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KWARA TAXPAYERS DEMAND ACCOUNTABILITY AS NIGERIA’S TAX REFORMS GATHER MOMENTUM
As Nigeria intensifies efforts to build a stronger tax culture, a clear message is emerging from traders, artisans and business owners in Kwara State: citizens are willing to pay their taxes, but government must be more transparent about how the money is spent. That demand for accountability echoed across markets, streets and public spaces in…
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FG ACCELERATING EFFORTS TO UNLOCK GREEN FINANCE OPPORTUNITIES FOR ENVIRONMENTAL SUSTAINABILITY
The Federal Government is accelerating efforts to attract private and international capital to unlock green finance opportunities for environmental sustainability. Malam Balarabe Lawal, the Minister of Environment said this on Thursday June 18 in Abuja during the 2026 Nigeria Environmental Summit (NESt). Lawal, who was represented by Dr Salihu Usman, the Permanent Secretary in the…
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FAAC ALLOCATION RISES AS FG, STATES, LGs SHARE 2.257 TRILLION NAIRA FROM APRIL REVENUE
The Federal Government, 36 states and the 774 local government councils shared a total of 2.257 trillion naira from the Federation Account as revenue generated in April 2026, reflecting improved collections from major tax and non-oil revenue sources. The allocation was approved at the May 2026 meeting of the Federation Account Allocation Committee (FAAC) held…
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INVEST LAGOS SUMMIT: SANWO-OLU WOOS INVESTORS
The Governor of Lagos State, Babajide Sanwo-Olu, says Lagos is Africa’s foremost investment gateway, offering unparalleled opportunities for trade, innovation, infrastructure development, and economic expansion across the continent. Sanwo-Olu said this at the opening of the third edition of Invest Lagos Summit 3.0, where investment stakeholders gathered to explore opportunities across strategic sectors of the…
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AFDB SEEKS URGENT REFORMS TO UNLOCK AFRICA’S $4 TRILLION SAVINGS
The President of the African Development Bank (AfDB), Sidi Ould Tah, has called for urgent reforms to unlock Africa’s estimated four trillion dollars in domestic savings. Tah made the call at the official opening of the 2026 AfDB Annual Meetings in Brazzaville, Democratic Republic of Congo on Tuesday. According to him, Africa’s challenge is not…
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OVER 3,000 DELEGATES SET FOR AFDB MEETINGS IN CONGO AS AFRICA FACES $400BN FINANCING GAP
The African Development Bank (AfDB) says more than 3,000 delegates will gather in Brazzaville, Republic of Congo, for its 2026 Annual Meetings. The meeting, scheduled for May 25 to 29, will focus on addressing Africa’s widening development financing gap, estimated at $400 billion annually. Key discussions will cover infrastructure, energy, food security, climate adaptation and…
