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...

Pension Assets Rise By 0.8% To N13trn   Total Pension assets of the Contributory Pension Scheme, CPS, increased by 0.8 per cent Month-on-Month, MoM, to N13 trillion in September 2021 from N12.9 trillion recorded in August 2021. According to the unaudited report on pension funds industry portfolio...

Oil Sector GDP Contribution Drops By N270bn In Nine Months   The contribution of crude petroleum and natural gas sector, which is a subsector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N2.82tn in the first quarter of 2021 to N2.55tn...

FG To Replace Fuel Subsidy With N5,000 Transport Grant To Nigerians The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government will remove fuel subsidy by 2022 and replace it with a N5,000 monthly transportation grant to the poorest...