Monetary

W/Bank To Boost Water Supply In Nigeria With $700m

W/Bank To Boost Water Supply In Nigeria With $700m     The World Bank has approved the Nigeria Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene (SURWASH) Programme , which will provide $700m credit from the International Development Association to ensure that six million people can...

Contributory Pension Assets Rise To N12.4trn

Contributory Pension Assets Rise To N12.4trn       The total assets under the Contributory Pension Scheme rose to N12.4tn as of the end of April, according to the latest data obtained from the National Pension Commission on Wednesday. PenCom, in its unaudited report on the pension funds industry...

N97.5bn Healthcare Intervention Funds Disbursed – CBN

N97.5bn Healthcare Intervention Funds Disbursed - CBN       The Central Bank of Nigeria says it has disbursed N97.4bn out of the N100bn credit intervention for the healthcare industry. The CBN disclosed this in the communique issued after the Monetary Policy Committee meeting on Tuesday. It said the intervention...

Customs Recover N426m Unremitted Revenue From Importers

Customs Recover N426m Unremitted Revenue From Importers       The Nigeria Customs Service (NCS) has recovered N426 million revenue that was not remitted by some importers at the Lagos Port Complex. The Coordinator of the Strike Force of the Comptroller General, Deputy Comptroller, Ahmadu Shuaibu, who stated this...

NIMASA Boss To EFCC: Probe N1.5trn Allegation Against Me

NIMASA Boss To EFCC: Probe N1.5trn Allegation Against Me         The Director-General of the Nigerian Maritime Administration and Safety Agency, Mr Bashir Jamoh, has asked the Economic and Financial Crimes Commission to investigate an allegation of N1.5tn fraud levelled against him by one Jackson Ude. Ude had...

Currency In Circulation Drops By N10bn

Currency In Circulation Drops By N10bn       Currency in circulation dropped by N10bn from N2.81tn as of the end of March to N2.8tn as of the end of April, latest statistics from the Central Bank of Nigeria showed on Monday. According to figures from the CBN, the...