Monetary

Buhari Directs TETfund To Increase Research Fund To N8bn

Buhari Directs TETfund To Increase Research Fund To N8bn     The President Muhammadu Buhari has directed the Tertiary Education Trust Fund (TETFUND) to increase research fund under the National Research Fund (NRF) scheme to the tune of N8 billion. The president gave the directive yesterday at the...

In 10 Months, Direct Remittances Drop By 62.4% To $1.96bn

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

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

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

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

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...