Reps Query NECO For Unremitted N636.7m In 2019       House of Representatives Committee on Finance, yesterday queried the National Examinations Council (NECO) for failing to remit the sum N636, 778, 000 in 2019. The Committee which grilled the Acting Registrar of NECO, Ebikibina Ogborodi, and other top...

COVID-19 Vaccine: Nigeria Misses Out As W/Bank Gives $4bn To Ghana, 50 others     The World Bank has stated that it has spent over $4bn financing to curtail the COVID-19 pandemic in Ghana, Benin and 49 other countries. This was contained in a press statement released on...

Reps Summon PPPRA Boss Over Unremitted N1.62bn IGR     The House of Representatives has summoned the Executive Secretary of Petroleum Product Pricing Regulatory Agency (PPPRA), Mr Abdulkadir Saidu, over unremitted N1.62 billion Internally Generated Revenue (IGR) to the Federation Account. The Chairman, House Committee on Finance, Rep...

PenCom Recovers N608.55m From 25 Defaulting Employers   The National Pension Commission has said it recovered N608.55m from 25 employers who deducted the monthly emoluments of their workers but did not remit to their respective Pension Fund Administrators. PenCom said this in its first-quarter 2021 report obtained...

Electricity Subsidy Gulps N30bn Monthly - FG       The amount spent on subsidising electricity every month in Nigeria is now about N30bn, the Federal Government has said. It disclosed that the government’s subsidy on electricity had been reduced by N20bn monthly following improvements in the collection of...

PTAD Gets £26.5m Repatriated Pension Funds From UK       The Pension Transitional Arrangement Directorate on Tuesday announced that it had received the sum of £26,505,862.97 repatriated from the United Kingdom. It said the pension funds had hitherto been under investment with Crown Agents Investment Management Limited in the...