Experts Blame 2023 Elections For N4.1tn Rise In Recurrent Expenditure   The Federal Government has recorded a N4.18tn increase in its recurrent expenditure in the past six years with experts linking the significant rise especially in the 2022 budget proposal to the upcoming 2023 elections, naira...

Short-term Loans, Others Push Banks’ Assets To N58.51trn   Massive investments in short-term financing and other prudent measures have made the assets of 10 key commercial banks to grow by N8.09tn (a 16.06 per cent increase) to N58.51tn in one year, reports have revealed. Specifically, the combined...

CAC To Generate N24.5bn From Registration Fees, Others   The Corporate Affairs Commission projects to rake in N24.5bn as internally generated revenue in the 2022 fiscal year. The figure was contained in its 2022 budget proposal document submitted to the National Assembly for approval. The sum of N24.5bn...

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   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   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...