Monetary

W/Bank Okays $3bn For Vaccines In Africa, Others

W/Bank Okays $3bn For Vaccines In Africa, Others       The World Bank has announced that it has approved $3bn in funding to cover vaccination in 32 countries, 15 of which are in Africa. In a statement issued in advance of the G7 Leaders’ Summit, World Bank Group...

Seme Customs Impound N410m Worth Of Contraband

Seme Customs Impound N410m Worth Of Contraband       The Seme Command of the Nigeria Customs Service said it has impounded contraband worth over N409.9 million smuggled in between January and June 2021. The Command’s Public Relations Officer, Hussaini Abdullahi, disclosed this yesterday in a statement showcasing the...

NCoS Admits Receiving N1bn In Error From Unknown Contractor

NCoS Admits Receiving N1bn In Error From Unknown Contractor     Reps panel gives service two weeks for fresh evidence The House of Representatives Committee on Finance, heard of how a contractor, whose name was not disclosed, erroneously transferred N1 billion to the account of the Nigerian Correctional...

PenCom Stop Charges On Artisans’ Savings Below N5m

PenCom Stop Charges On Artisans’ Savings Below N5m       The National Pension Commission has ordered Pension Fund Administrators to stop charging any fee on micro pension funds under their management that are below N5m. It disclosed this on Monday in a circular signed by the Head, Surveillance...

N5trn Debt: AMCON Plans To Change Recovery Strategy

N5trn Debt: AMCON Plans To Change Recovery Strategy       The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy. It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned...

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs         The Acting Director Corporate communications Department of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, has said that the bank disbursed N253 billion to 548,345 beneficiaries as part of its responses to the COVID-19...