Economic Confidential

PenCom Seeks N10.03bn to Pay Minimum Pension

The National Pension Commission says it needs N10.03bn to commence the funding of the minimum pensions for retirees under the Contributory Pension Scheme. It stated that the funding of the Pension Protection Fund would include an annual subvention of one...

FG Suspends Cattle Transport by Rail

...Why scheme stopped – NIRSAL The Federal Government has suspended transportation of cattle from the Northern part of the country to the South, Daily Trust investigation revealed. The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) that initiated the scheme...

Mobile Phone Prices Jump by 100%

Prices of mobile phones in Nigeria have jumped by about an average of 100 per cent in the last one year due to skyrocketing inflation in the economy. This formed part of the findings of Daily Trust’s investigation involving asking...

“Nigeria Can Tackle Recession with Improved IGR”

Sokoto State commissioner for budget and economic planning Bala Kokani says many Nigerians are unwilling to pay taxes and revenues, stressing that improved internal revenue generation by the three tiers of government is key to taking Nigeria out of...

Foreign Airlines to Manage Arik – AMCON

The Assets Management Company of Nigeria (AMCON) has said that it would engage some foreign airline operators to manage Arik Airline which it took over recently. Speaking during a session with the House of Representatives aviation committee in Abuja, the...

EU Grants €70m to Boost Primary Health

The National Primary Health Care Development Agency has launched the start of a European Union-funded project to support maternal, newborn and child health, strengthen health systems and eradicate polio. Parties to the project in Abuja signed up to a grant...
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