FG Releases N16.7bn For Accrued Pension Rights   The Federal Government has released N16.67 billion for payment of accrued pension rights under the contributory pension scheme, the Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar has said. Mrs. Dahir-Umar, who made this known yesterday in a statement,...

Nigeria Loses $5bn To Gold Smuggling In Six Years   The Federal Government says Nigeria has lost $5bn to gold smuggling activities in six years. The Minister of Mines and Steel Development, Dr Uche Ogar, who made the disclosure at the State House on Wednesday, said the...

CBN Disburses N108.65bn To Hospitals, Pharmaceutical Firms   The Central Bank of Nigeria has said it disbursed N108.65bn to hospitals and pharmaceutical industry in 18 months. A CBN report said this was disclosed at the last Monetary Policy Committee meeting. It said, “The bank has also cumulatively disbursed...

In Four Years, AMCON Gulped N654bn From 12 Banks As Sector Resolution Funds   With the growing assets due to business expansions, among other factors, Assets Management Corporation of Nigeria (AMCON) between 2020 and 2017 has collected N6654billion from 12 banks operating in the country. The 12...

FG Trades N72.4bn Solid Minerals In Q3, 2021   The National Bureau of Statistics (NBS) has said Nigeria traded a total of N72.4 billion solid minerals in the third quarter (Q3) of 2021. “The total value of solid minerals trade in Q3 2021 stood at N72.4 billion,”...

FRC Targets N3trn Operating Surplus From MDAs In 2022   The Fiscal Responsibility Commission (FRC) is targeting no less than N3 trillion operating surplus from Ministries, Departments and Agencies (MDAs) next year. When realised, such funds will be remitted into the Federal Government Consolidated Revenue Funds in...