In the Spirit of Ramadan Fast, by Fatima Ali Busuguma   Among the 12 lunar months, Ramadan occupies a pride of place in the hearts of many adherents of the Islamic faith. It is one month that Muslims the world over,...

NSIA Assets Rise to N1trn, Attract $500m FDI   The Nigeria Sovereign Investment Authority (NSIA) says it grew its net assets by 10.5 per cent to N1.02tn in 2022 from N919.73bn in 2021. The Sovereign Wealth Fund manager disclosed that earnings from...

Substandard Tyres Worth 10 million Destroyed in Six Months - SON   The Standard Organisation of Nigeria (SON) has revealed that it destroyed 10 million substandard tyres in six months. In a statement, the Director General of SON, Mallam Farouk Salim, said...

Aviation Workers to Strike Over Minimum Wage, Others   Aviation workers’ unions have threatened to withdraw their services over the the Federal Government's refusal to release the reviewed condition of service negotiated over seven years ago. Other grievances include the non-implementation of...

FG Says Fuel Subsidy, Oil Theft Gulped N29trn   The Federal Government, disclosed that the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from...

CBN to Banks: Transfer Funds in Dormant Account to Trust Fund   The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account. This is...