Monetary

Directorate Pays N695m To 418 Pensioners In Three Months

Directorate Pays N695m To 418 Pensioners In Three Months   The Pension Transitional Arrangement Directorate has said it paid a total of N694.9m to 418 pensioners between May 5 and August 13 through its Parastatals Pension Department. A director at PTAD, Yusuf Umar, disclosed this in Abuja...

NYSC To Remit N511m To Federation Account – DG

NYSC To Remit N511m To Federation Account – DG   The Director-General, National Youth Service Corps (NYSC), Brigadier-General Shuaibu Ibrahim, has said the scheme will remit about N511 million to the federation account for the year 2021. Speaking yesterday in Abuja, at a press briefing, he said...

AfDB Okays $150m To Support Agriculture In Africa

AfDB Okays $150m To Support Agriculture In Africa   The African Development Bank Group has approved a $150m facility for ETC Group Limited to address the working capital requirements for the company and its agriculture value chain development in a boost for smallholder farmers. The AfDB said...

Fed Govt Owes Over N90bn Pension Liability To Defunct Agencies

Fed Govt Owes Over N90bn Pension Liability To Defunct Agencies   The federal government is currently indebted to the staff of defunct agencies to the tune of N90billion as pension arrears. This was disclosed by the Director, Customs, Immigration and Pensions Department of the Pension Transitional Arrangement...

W/Bank Projects $17.6bn Diaspora Remittance To Nigeria

W/Bank Projects $17.6bn Diaspora Remittance To Nigeria   The World Bank has projected $17.6 billion Diaspora remittances into Nigeria in 2021, representing 2.5 per cent increase from $17.2 billion recorded in 2020. The Bank gave this projection in a report titled, “Migration and Development Brief 35”, attributing...

Fed Govt To Pay Consultants N895m For N27bn Rivers Road Construction

Fed Govt To Pay Consultants N895m For N27bn Rivers Road Construction   The Federal Executive Council, presided over by President Muhammadu Buhari on Wednesday approved contracts worth N27.4bn for projects in the Ministry of Works and Housing, and the Federal Capital Territory. The council also approved the...