Monetary

We Didn’t Budget N2.8bn For Uniforms – FIRS

We Didn't Budget N2.8bn For Uniforms - FIRS   The Federal Inland Revenue Service (FIRS) has denied budgeting N2.8 billion for uniforms and N550m for meals in the 2021 Appropriation Budget. A statement by the Executive Chairman of FIRS, Muhammad Nami, said a publication by a national...

Fed Govt Budgets N104bn To maintain, Purchase Generators In 2022

Fed Govt Budgets N104bn To maintain, Purchase Generators In 2022   Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them. The N104bn which will be spent on generators due to the country’s unstable power...

Communications Ministry Gets N129.59bn Allocation In Six Years

Communications Ministry Gets N129.59bn Allocation In Six Years   The Federal Ministry of Communications and Digital Economy was allocated a total of N129.59bn in six years, according to an analysis of budget details. The ministry was allocated N15.99bn in 2016; N19.33bn in 2017, and N19.77bn in 2018. The...

#EndSARS: Insurance Companies Pay N9bn Claims On Deaths, Property

#EndSARS: Insurance Companies Pay N9bn Claims On Deaths, Property   Insurance companies under the aegis of the Nigerian Insurers Association have paid N9bn in claims to customers who suffered losses during the public protests against police brutality, also known as #EndSARS protests, in October last year. Lootings,...

PTAD Pays N7bn As Pension Gratuities In Two Years

PTAD Pays N7bn As Pension Gratuities In Two Years   The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr Chioma Ejikeme, has said that over N7 billion has been paid as pension gratuities in the last two years. Dr Chioma revealed this at the weekend at the...

World Bank Reviews $157bn Support To Nigeria, Others

World Bank Reviews $157bn Support To Nigeria, Others   The World Bank Group (WBG) has assessed its $157 billion support given to Nigeria and other developing economies to fight COVID-19 pandemic. Nigeria got $3.4 billion support from the bank in May to strengthen the economy and...