In 10 Months, Direct Remittances Drops By 62.4% To $1.96bn       Latest data by Central Bank of Nigeria (CBN) has revealed that total direct remittances from Nigerians in Diaspora dropped by 62,4 per cent to $1.96 billion in 10 months of 2021 from $5.21billion it recorded...

Reps Order Audit Of NNPC Assets, Liabilities, Probe IoCs Over N2.6trn Debts     The House of Representatives has called for an audit of the assets and liabilities of the Nigerian National Petroleum Corporation before it is fully privatised. At the plenary on Wednesday, the House resolved to...

Retirees Rise By 27%, Collect N890bn From Govts, Private Sector     The total number of retirees under the Contributory Pension Scheme has risen by 27 per cent in two years, data obtained by our correspondent have shown. Specifically, the total number of retirees rose from 291,569 in...

Fed Govt Bans 91 Private Jets, Insists On N30bn Duty The Federal Government has directed the Nigeria Customs Service to ground 91 private jets belonging to some Nigerians over their alleged refusal to pay import duties running to over N30bn. It will be recalled that the...

Govt Agencies Budget N12.2bn For Sewage, Cleaning, Fumigation Services   Some agencies of the Federal Government have proposed to spend N12.2bn on sewage, cleaning and fumigation in the 2022 fiscal year, data obtained from the budget proposal have shown. President Muhammadu Buhari has in October presented to...

Diaspora remittances to Nigeria rose from $5m per week in June 2020 to over $100m per week in October 2021. The (CBN) Governor, Godwin Emefiele, made this known this while giving his keynote address at the 56th Chartered Institute of Bankers of Nigeria Annual...