You have a N1.1bn Case to Answer, ICPC Tells Former Customs Boss, Inde Dikko's Accomplice By Abdulrahman Abdulraheem The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has told Barrister Umar Hussaini, a private solicitor and friend to the late Comptroller General of Nigeria...

N2.55bn Unremitted Pensions Recovered in 2021 - PenCom The National Pension Commission has announced the recovery of N2.55bn pensions deducted by employers from employees’ monthly emoluments in 2021 but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Data obtained from PenCom’s...

$1.04bn Spent on Fuel Imports in 2021 - CBN The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in 2020. This is  according to data from the Central Bank of Nigeria (CBN). As the country’s...

NBS Confirms Date for Rebasing GDP, CPI  The Statistician-General of the Federation, Mr Simon Harry, has said processes are ongoing to rebase the nation’s Consumer Price Index (CPI) which measures inflation rate by the end of 2022. He made the disclosure on Thursday in Akwanga, Nasarawa...

Nigerian Insurance Sector Rebounds, Records 8.01% Annual Growth   The Nigerian insurance industry grew by 8.01 per cent in 2021, compared to a negative growth rate of 13.29 per cent in 2020, figures obtained from the National Bureau of Statistics have shown. The NBS, in its Gross...

The International Monetary Fund (IMF), projected that by 2022 Nigeria would spend almost 92 kobo of every Naira it earned on servicing its growing debt. This implies that only 8kobo of every Naira earned will be used for development. According to the IMF's Article IV...