MAMA Centre Secures N500, 000 FG-CBN Covid-19 facility For Dozens Rightholders   The Mothers And Marginalised Advocacy Centre (MAMA Centre) has secured N500,000 worth Federal Government(FG)/Central Bank of Nigeria (CBN) Covid-19 facility for each of her dozens rightholders across Nigeria. The FG-CBN supported facility obtained through NIRSAL...

TETFund Targets N10bn Research Grant In 2022   The Tertiary Education Trust Fund is working hard to ensure that the annual allocation to the National Research Fund (NRF) is raised to N10 billion in 2022. Executive Secretary of TETFund, Professor Suleiman Bogoro, who disclosed also noted the...

$10bn Gas Project: Senate Probes Italian Firm Over Local Content Law   The leadership of the Senate has directed its Committee on Local Content to immediately commence investigations into the alleged breach of local content law by an Italian firm. The development was sequel to a petition...

Banks’ Borrowing From CBN Rises By 74% To N901bn   The scarcity of funds (liquidity) in the interbank money market has compelled banks to rely more on the Central Bank of Nigeria (CBN) for short term liquidity needs. Findings show that banks borrowed N901 billion from the...

Contributory Pension Assets Rise To N12.9trn - PenCom     Assets under the Contributory Pension Scheme rose by N120bn in August, data obtained from the National Pension Commission have shown. PenCom disclosed this in its latest unaudited report on pension funds industry portfolio. According to the report, the assets...

Nigeria Loses $1bn Annually To Gas Flare Data Falsification   Nigeria is losing about $I billion revenue annually to falsification of gas flare data by Multinational Oil Companies (MOCs) operating in the country, the Chairman, Economic and Financial Crimes Commission (EFCC) Rasheed Bawa said yesterday in...