Archived edition · 20:30 Lagos
Friday 18 September
- New articles analysed in today’s runs
- 30
- High-risk articles today
- 2
- Board appointments today
- 2
- Contract awards today
- 3
Key Developments
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Federation Account Revenue Contraction
Statutory revenue experienced a 34.62% decline, reducing total monthly Federation Account Allocation Committee (FAAC) distributions across federal, state, and local councils to N2.338 trillion ([Businessday](https://businessday.ng/news/article/faac-allocation-to-shrinks-to-n2-33trn-as-statutory-revenue-slump-by-34-62/)).
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Export Expansion Grant Settlement
The Federal Government has commenced administrative steps to settle N330 billion in outstanding claims under the Export Expansion Grant program to stimulate trade liquidity ([Punchng](https://punchng.com/fg-moves-to-clear-n330bn-export-grant-claims/)).
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Fiscal and Monetary Policy Alignment
The Central Bank of Nigeria and the Federal Ministry of Finance have formed an operational partnership to improve macro-fiscal coordination and stabilize liquidity ([The Eagle Online](https://news.google.com/rss/articles/CBMirgFBVV95cUxNV25nV0Zwb3lkR2xJcDlQdnlaeWktQnFCUXg1ZWZEdnZpT29sbEZKT1dLSURDMjRpaEx2RXJZcUNtR2NCWThCQng4UTYwOTBuRXpmdXRtQUR2dlRkVmptUEpFQkp6TTdzME4xemhKenVkdV9MTlhDeHhSYzR3dTVQSUFVeE5xeVF1WDItMXg3N3RXOFhoV05leVJmQVNqa0lTRXNKSFBaWlM5MmMzb0E?oc=5)).
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Tax Policy Restructuring
The Presidency has prioritized comprehensive reviews of Value Added Tax (VAT), Withholding Tax, and Capital Gains Tax to modernize domestic revenue mobilization ([Leadership](https://leadership.ng/vat-withholding-tax-capital-gains-top-fgs-tax-review-agenda/)).
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Subnational Fiscal Integration and Operational Updates
Additional developments include Oyo State integrating the hospitality sector into the state tax registry, federal initiatives unlocking trapped cash in SME receivables, and Nigerian Air Force oversight visits to Bell's Texas plant for AH-1Z Viper assembly ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOZjNENjRqZEl3S21qTXJvdWY4STU1TmIzN3JaVUNOTlZKellmVW9jUVZiWGdUaWRNRXN2T0Y2aEJsMklOZDFCcE02VmFlUUhHZU1RWnF5SXBSaGduWTl6Q04zakNIMW5iY0dhN3djZmxoZlg4eWt1UHFXSXNYT3JGRmJ2NmZRaUsxQWlib1dyV21WMnR0V0pEdG5MVVRRbjhnWHJ1M1VhZ0FGVnFzdlY2R091MVdPZm1HUTdPZ2NnZmI?oc=5)).
High Risk Alerts
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Multilateral Health Donor Fund Probe
Civil society groups have petitioned the Federal Bureau of Investigation (FBI) and the Economic and Financial Crimes Commission (EFCC) to expand investigations into suspected systemic diversion of international healthcare donor funding ([Punch Newspapers](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNU1BNQ0dHYm1VeVR3c2NtSldEcnpocXItWHpYQmxpN21jZmVreXBPZ3RsRGJPTDVKRENZVll3WV9oMlJacW9La3FHR1ZGUkxqWWRVa0ZMSkJBdnlKbkFBQUMwYU9wS3Z3aTFyN3RZU0wxOFF5UWF2TkwzZDZZVWdyUGJ1cHo2T2VJdHZMVE80VFQ5Qi03QjZmR2xBSmpRa3RFU0RWOXlHRVo3NDdVcmdjN0FOSGkwUGRs?oc=5)).
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Accountability Demands on Security and Agricultural Allocations
The Institute of Chartered Accountants of Nigeria (ICAN) has formally demanded full forensic audits into multi-billion naira defense outlays and state agricultural interventions ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMijgFBVV95cUxQcXNBRUtpUWVWZXJtQ3hnTFBsMm5FZ3RIaW5nUXd0MVJxenVka0syTlpUZUdBZzZVT0l5ODZ1MEFzQ3EwQVVySFpSR2NWdHNXbWRVYXhJQjJvaTVUQ0NiN1pxRHQxVUtoV1RYZWMtaXdvbmxWV1FwNmc0ME1rWmJNcnNtTmJNUjJrX3psQ3N3?oc=5)).
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KudiWave N750m Fund Transfer Dispute
A commercial firm lodged a formal petition with the Inspector General of Police following an alleged disputed electronic transfer of N750 million tied to KudiWave ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNSlVYeFFsdTJXWGUzcEU0dlpZemd4VEl4al9IbmdKdmU1M0NFZnk5MlFWVXBSNl81Tnh6RWlLbVFUbDVJdks5eW9MdHNfT0NtZTd5YnRhNnFlTFZ2ZG1oYlpNTmp5MVJqcnZCaGc1LUdwYmUxdlB1bm5CalpxSmpHZ1ZzSXBTSWJRUWt4eGwxN2RnZ2ZsNVlIbkhNQkNwZEswdnN4RERGbTQwZXpSejlYQU1sWXMwc0JWcjlZ?oc=5)).
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EFCC Enforcement on Agency Banking
The EFCC warned Point-of-Sale (POS) operators nationwide against serving as cash conduits for laundering illicit proceeds and bypassing transaction thresholds ([The Punch](https://punchng.com/efcc-warns-pos-operators-against-aiding-fraudsters/)).
Beneficial Ownership & PSC Disclosures
No persons with significant control (PSC) or beneficial ownership declarations were published in the monitored records for this period.
Procurement & Board Changes
The current review cycle recorded no executive appointments, board reconfigurations, or formal government contract procurement notices.