PTAD Monthly Payout to Retirees Hits N1trn   The Pension Transitional Arrangement Directorate (PTAD) says it has paid more than N1tn in monthly pensions to over 200,000 retirees under the Federal Government’s Defined Benefit Scheme since 2015. The Director of Corporate Services...

FG Okays N185bn Payment to Gas Producers   The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, announced on Thursday that the Federal Government has taken a decisive step to revitalise the gas industry and stabilise power generation as President...

Nigeria Spends N12.8trn on Petrol Imports in 15 Months   As Nigeria struggles to ramp up local refinery of Petroleum Motor Spirit (PMS) otherwise known as petroleum, at least N12.8trn worth of the product was imported into the country from August...

AMCON Clears N3.6trn Debt to CBN, Targets N215bn Recovery for 2025   The Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, recovered N156bn from debtors in 2024 while targeting...

Senate Grills CBN Governor Over Alleged N1.44trn Unremitted Surplus   The Senate Committee on Banking, Insurance and Other Financial Institutions on Thursday met with the leadership of the Central Bank of Nigeria (CBN) to demand clarification on the alleged non-remittance of...

FG Unveils N54.43trn Budget, Debt Service to Consume N15.91trn   The Federal Government has projected total revenue of N50.74 trillion for 2026, alongside a targeted economic growth rate of 4.68 per cent, while its proposed 2026 deficit has risen so sharply...