Payers to bear cost of transfers to MDAs on Nigeria’s TSA

Effective November 1, 2018 the service charge on all payments to ministries, departments and agencies [MDAs] would be borne by the payer, the Nigerian government has indicated, as it commences a new Treasury Single Account [TSA] fee regime. In line with global best practices and amidst dwindling revenues, the federal government has approved a new […]

Buhari directs ministers to inaugurate boards of parastatals

Nigeria’s President Muhammadu Buhari has directed all ministers to inaugurate the boards of various parastatals under their supervision. The president issued this directive through a circular signed by Boss Mustapha, the Secretary to the Government of the Federation. The circular directed all ministers to proceed with the inauguration of the boards on or before Friday, […]