Archived edition · 17:57 Lagos
Friday 18 September
- New articles analysed in today’s runs
- 29
- High-risk articles today
- 2
- Board appointments today
- 2
- Contract awards today
- 3
Key Developments
-
Fiscal-Monetary Coordination
The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance are collaborating to deepen the alignment of fiscal and monetary policies ([theeagleonline.com.ng](https://news.google.com/rss/articles/CBMirgFBVV95cUxNV25nV0Zwb3lkR2xJcDlQdnlaeWktQnFCUXg1ZWZEdnZpT29sbEZKT1dLSURDMjRpaEx2RXJZcUNtR2NCWThCQng4UTYwOTBuRXpmdXRtQUR2dlRkVmptUEpFQkp6TTdzME4xemhKenVkdV9MTlhDeHhSYzR3dTVQSUFVeE5xeVF1WDItMXg3N3RXOFhoV05leVJmQVNqa0lTRXNKSFBaWlM5MmMzb0E?oc=5)).
-
Tax Agenda Review
The Federal Government is prioritizing reviews of Value Added Tax (VAT), Capital Gains, and Withholding Tax ([leadership](https://leadership.ng/vat-withholding-tax-capital-gains-top-fgs-tax-review-agenda/)).
-
Revenue Decline
FAAC allocations fell by 22% to N2.338 trillion, driven by a significant 34.62% slump in statutory revenue ([leadership](https://leadership.ng/lower-revenue-for-govts-as-faac-allocation-falls-by-22-to-n2-338trn/), [businessday](https://businessday.ng/news/article/faac-allocation-to-shrinks-to-n2-33trn-as-statutory-revenue-slump-by-34-62/)).
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Corporate Finance
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, cited deregulation as the primary driver behind the successful IPO of the Dangote Petroleum Refinery ([The Punch](https://punchng.com/why-dangote-refinery-ipo-is-successful-petroleum-minister/)).
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Other Fiscal Moves
The FG is working to settle N330bn in export grant claims and unlock trapped cash in SME invoices ([punchng](https://punchng.com/fg-moves-to-clear-n330bn-export-grant-claims/), The Guardian Nigeria News).
High Risk Alerts
-
Donor Health Fund Probe
International and domestic agencies (FBI and EFCC) are being urged to expand investigations into the alleged misappropriation of donor health funds (Punch Newspapers).
-
Public Expenditure Scrutiny
The Institute of Chartered Accountants of Nigeria (ICAN) has demanded rigorous audits of government security spending and agricultural intervention funds ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPTW1xZHhjQ0VQTmlyZjE3d0MwZXRGT2g4c2VXaDVEWm83MjFJRDlTZU54QkdhQUFQcDBzQXptckdLNGd6ZkZyQUM3S1hCRmkydDkzVFNYamJyWjh6QXFYRUlQR2RIRUF5LUhUbUxGeGNMT2IzRm05cHFQamxnQXB1aVZCZE5JNllLSi1JdkRMWjVhbjZRY0N4cUxqb2phTFpDTEN5SXg2UW91SVl1clpUZ0tQa3RvaTJ2U3gwR3B3X2hGRHhPM3ctRWtmTENQRHln?oc=5)).
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Financial Dispute
A firm has petitioned the IGP regarding a disputed N750 million fund transfer involving KudiWave ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNSlVYeFFsdTJXWGUzcEU0dlpZemd4VEl4al9IbmdKdmU1M0NFZnk5MlFWVXBSNl81Tnh6RWlLbVFUbDVJdks5eW9MdHNfT0NtZTd5YnRhNnFlTFZ2ZG1oYlpNTmp5MVJqcnZCaGc1LUdwYmUxdlB1bm5CalpxSmpHZ1ZzSXBTSWJRUWt4eGwxN2RnZ2ZsNVlIbkhNQkNwZEswdnN4RERGbTQwZXpSejlYQU1sWXMwc0JWcjlZ?oc=5)).
Beneficial Ownership & PSC Disclosures
No persons with significant control were disclosed in the provided data.
Procurement & Board Changes
-
Defense Acquisition
The Nigerian Air Force (NAF) has commenced the production and procurement of Viper helicopters, including a facility inspection in Texas, USA ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOZjNENjRqZEl3S21qTXJvdWY4STU1TmIzN3JaVUNOTlZKellmVW9jUVZiWGdUaWRNRXN2T0Y2aEJsMklOZDFCcE02VmFlUUhHZU1RWnF5SXBSaGduWTl6Q04zakNIMW5iY0dhN3djZmxoZlg4eWt1UHFXSXNYT3JGRmJ2NmZRaUsxQWlib1dyV21WMnR0V0pEdG5MVVRRbjhnWHJ1M1VhZ0FGVnFzdlY2R091MVdPZm1HUTdPZ2NnZmI?oc=5)).
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Political Appointment
Toyin Abraham has officially rejected an appointment to the All Progressives Congress (APC) Campaign Council ([naijaonpoint_ng](https://naijaonpoint.com.ng/toyin-abraham-rejects-apc-campaign-council-appointment/)).
- No further board transitions or procurement contracts were recorded.