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
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
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
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...
Power Firms’ Quarterly Revenue Hits N181bn On Tariff Hike
Buoyed by the hike in electricity tariff, the revenue collected by power distribution companies in Nigeria rose by 42.3 per cent in the first quarter of this year, compared to the same period of 2020.
The revenue...
CBN Backs Lagos Rail Project With N60bn Fund
The Central Bank of Nigeria has said it is supporting the Blue Rail Line project in Lagos with N60bn intervention fund.
The Director, Development Finance, CBN, Yusuf Philip, disclosed this in Lagos on Thursday, during an inspection of...
