MDAs Failed To Account For N1.2trn – FRC       The Fiscal Responsibility Commission has said ministries, departments and agencies of the Federal Government are withholding about N1.2trn. The commission said this is according to audit reports of some MDAs and unaudited accounts of others. The FRC also said...

$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami       The Federal Government recovered $700 million looted funds in the last four years, even as it just received the £4.2 million taken from Delta State’s treasury by an ex-governor of...

Pension Assets Rise By N92bn To N12.34trn       Pension assets, under the Contributory Pension Scheme (CPS) have risen by N92 billion to hit N12.340 trillion in March 2021 from the N12.248tr recorded in February 2021. The unaudited report on Pension Funds Industry Portfolio released by the National...

FG Loses $90m Yearly To Lagos Airport Concession — Reps         The House of Representatives has said the federal government loses over $90 million annually due to alleged shady deals involved in the concession of the local and international wings of the Murtala Muhammed Airport, Lagos...

Fresh N2.34trn Loan Is For Capital Projects, Says DMO       The Debt Management Office on Tuesday said the request by President Muhammadu Buhari for the National Assembly’s approval for fresh N2.34tn loan was meant to provide funds for capital projects such as power, transport, agriculture and...

LCCI, ACCI, Raise Concerns As Buhari Seeks Approval For Fresh $6.1bn Loan       The Abuja Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry have both raised concerns over the rising debt profile of Nigeria following Buhari’s request that the Senate should...