Search Results for "audit"
140 results found
FG reveals when to remove power subsidy, decides on tariff hikes

…long-term strategy, the Federal Government plans to conduct a comprehensive technical audit of the national transmission network, harmonise electricity regulations between federal and state governments, invest in key transmission corridors and implement a Super Grid Programme to strengthen the national grid.FG trains 5…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 24 views
PFIPC: Arewa Professional forum backs digital reforms, seeks full adoption across MDAs

…system would significantly reduce administrative lapses by creating verifiable audit trails, strengthening institutional accountability and improving transparency across public institutions. The Forum maintained that expanding digital transformation across all MDAs would make procedural shortcomings easier to detect, m…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 25 views
Why NNPCL CEO Bayo Ojulari should resign, energy group reveals

…pipeline surveillance, and infrastructure protection are subjected to independent audits on a regular basis.On Ojulari's future at the helm, the association said: "If Mr Bayo Ojulari cannot inspire confidence through transparent management, timely disclosures, and accountable corporate governance, then he should consid…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 27 views
Nigerians spent ₦1.7tn on MTN data in H1 2026

…connectivity despite prevailing economic pressures. MTN Nigeria disclosed this in its unaudited financial statements for the six months ended June 30, 2026, filed with the Nigerian Exchange Limited on Thursday. According to the telecom operator, data revenue rose to “₦1.699tn during the six-month period, up from ₦1…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 63 views
Dangote Cement revenue hits N2tn on strong local demand

…a group revenue of N2.514tn for the half-year ended 30 June 2026. According to unaudited financial statements submitted to the NGX on Wednesday, the figure represents a 21.35 per cent increase compared to the N2.072tn recorded in the corresponding period of 2025, driven largely by sustained local demand and strong oper…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 25 views
Banditry: Kwara monarch laments effect of bad publicity on community

…Secretary). Others are Nurudeen Alabi (Treasurer), Lookman Yusuf (PRO), Moruf Musa (Auditor), Gafar Anigilaje (Ex-Officio I) and Ismaila Alabi (Ex-Officio II). However, the traditional ruler appealed to all chapters of the association to extend cooperation and support to the committee to enable it to achieve impactful…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 25 views
Forged state house letter used to create fake agency, Acct-General reveals

…and communicated its approval to the State House,” with a copy sent to the Office of the Auditor-General for the Federation. Following that approval, the office received additional requests from the purported council, including applications for self-accounting status, deployment of personnel, opening of Treasury Single…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 23 views
Man commits su!cide after allegedly def!ling his 15-year-old housemaid

…def!ling his 15-year-old housemaid in Zambia. The deceased, David Phiri, an internal auditor at Chadiza Town Council, is reported to have taken his life at his plot in Mambwe District while on leave. Eastern Province Police Commanding Officer Robertson Mweemba confirmed the incident, which occurred on 26th July 2026 at…

Crime by nigerianewsfeed · 2 mons ago · 0 comments · 23 views
Fiscal deception: Oyedele’s debt defence and the government of opaqueness

…servicing, and the ever-expanding black hole of “overhead costs” that no Nigerian can audit or trace. The government takes loans, collects taxes, and generates revenue, yet the tangible benefits of these inflows remain invisible to the citizen. It is a system designed not to serve the people but to sustain itself, a le…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 29 views
SERAP asks Court to compel NNPCL to explain N211trn financial entries

…its failure to clarify and account for ₦211 trillion in oil revenue recorded in its 2023 audited financial statements under the categories of “Sundry Receivables” and “Accrued Expenses.” According to reports, NNPCL listed over ₦211 […] The post SERAP asks Court to compel NNPCL to explain N211trn financial entries appea…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 21 views
Legend Hotel unveils Herbert Wigwe Auditorium

…has expanded its meetings and events portfolio with the unveiling of the Herbert Wigwe Auditorium, a new conference facility aimed at strengthening Lagos’ position as a destination for business events. According to a statement shared with Society Plus, the facility, named after the late banker and entrepreneur, Herbert…

Travel by nigerianewsfeed · 2 mons ago · 0 comments · 25 views
Sowore unveils 2027 manifesto, to eliminate corruption with AI, blockchain

…Records cannot be secretly altered or erased. “Artificial Intelligence continuously audits government operations in real time, detecting fraud, flagging suspicious transactions, identifying conflicts of interest, uncovering procurement irregularities, and exposing corruption before public funds disappear,” he wrote. So…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 22 views
Lessons from Overland Airways: The value of matching aircraft to market

…airline profitability. The airline’s consistent renewal of its IATA Operational Safety Audit (IOSA) certification since 2015 further reflects an institutional commitment to global safety standards. Combined with its membership of both the International Air Transport Association (IATA) and the African Airlines Associati…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 22 views
Guinness Nigeria grows revenue to N265bn

…in the corresponding period of 2025. The performance was detailed in the company’s unaudited condensed financial statements submitted to the Nigerian Exchange Group on Wednesday. “Our half-year performance demonstrates the continued resilience of our brands and the effectiveness of our operational strategies in navigat…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 27 views
Beyond the N210trn frenzy: How Dankwambo is restoring due process

…is just persecution. The figure itself needs context. The inquiry was triggered by audited statements from 2017 to 2023, which contained about N103 trillion in accrued expenses and N107 trillion in sundry receivables. Put together, they created the now infamous N210 trillion. There were also questions around N3.8 trill…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 24 views
Businesses urged to upgrade for digital tax era

…transition. He said the digital system would provide benefits for companies by improving audit trails, simplifying tax claims and reducing disputes with tax authorities. “For businesses, your processes become easier, your claims are easier to prove, your refunds are easier to justify, and your audits are easier to do,”…

Investment by nigerianewsfeed · 2 mons ago · 0 comments · 28 views
Bauchi to distribute starter packs to agripreneurs

…Research and Statistics, Ibrahim Ishaku; representatives of the Accountant-General and Auditor-General of Bauchi State; Training Officer, Yusuf Madiya; and Director of Administration and Human Resources, Shehu Yakubu, who will serve as Secretary. Gital disclosed that the committee’s terms of reference include: verifyin…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 23 views
Fake agency scandal: Abbas inaugurates probe panel today

…Chairman, Independent Corrupt Practices and Other Related Offences Commission, Auditor-General for the Federation and Chairman, Fiscal Responsibility Commission.” The invitation further listed the Head of the Civil Service of the Federation, the Secretary to the Government of the Federation, the Executive Secretary/Chi…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 26 views
British steel nationalisation sparks compensation battle with Chinese firm

…on closing the plant in March last year, citing losses of £700,000 a day. The National Audit Office later revealed it was costing the government about £1.3m daily to keep the site running.The steelworks employs around 2,700 people and supports industries across North Lincolnshire, but has faced years of uncertainty.Str…

world-news by nigerianewsfeed · 2 mons ago · 0 comments · 25 views
Nigeria’s democracy without legislators and judiciary, by Dele Sobowale

…all along. But the fault was not entirely Buhari’s. From 2018 to 2021, the Report of the Auditor-General of the Federation, AuGF, had drawn attention to unprecedented mismanagement of public funds by government officials running into trillions annually. The first, and mandatory recipients, are the president, the Nation…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 25 views
ActionAid to FG, States: Urgently mitigate flood impact on Nigerians

…acute food insecurity in the 2026 lean season”, saying “the Federal Government must audit programmes, publish beneficiary data, close delivery gaps, and ensure women, youth, and rural communities are centred in delivery.” Speaking on the 2027 general elections, the General Assembly called on the Independent National El…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 27 views
N210b duplicate allocations: Atiku demands NASS’ probe of 2026 budget

…vice president also cited the Nigerian National Petroleum Corporation NNPC Limited’s audited 2024 financial statements, which he said showed ₦7.13 trillion spent on “Energy Security Expenses” — what NNPC itself identifies as petrol subsidy — despite claims that subsidy had been removed in 2023. Atiku argued that this f…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 31 views
NSC Cooperative declares N181.2m surplus, unveils new leadership

…announced that N90.61 million would be paid as dividends to members upon approval of the audited financial statements, with payments to be made directly into beneficiaries’ bank accounts in line with financial regulations prohibiting cash disbursements. He also revealed that the Society disbursed N102.4 million in savi…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 24 views
EFCC seeks stronger partnership to curb terrorist financing, protect CSOs

…over-regulate civil society organisations by imposing excessive registration, reporting, auditing and monitoring requirements, often based on weak or outdated risk assessments. According to him, such measures divert scarce resources from humanitarian work, peacebuilding, human rights advocacy and efforts to prevent vio…

Crime by nigerianewsfeed · 2 mons ago · 0 comments · 38 views
FG urges African nations to adopt anti-terror financing rules for NGOs

…he said. He warned that excessive registration, licensing, financial reporting, auditing and monitoring requirements could force non-profit organisations to divert scarce resources from humanitarian work, peacebuilding, human rights protection and efforts to prevent violent extremism. Saul also said overregulation had…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 28 views
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