PenCom Raises PFAs’ Shareholders Funds To N5bn       The National Pension Commission has ordered the Pension Funds Administrators to raise their shareholders’ funds from N1bn to N5bn. Some operators disclosed this to our correspondent on Thursday. According to the commission, the total number of workers with pension accounts...

Senate Approves N216.646bn FIR's 2021 Budget       The Senate has approved N216, 646, 579, 231.00 as 2021 budget for the Federal Inland Revenue Service (FIRS). The Senate also approved the upward review of the revenue target of FIRS from N5.076 trillion last year to N7.61 trillion this...

Nigeria May Lose $1bn Annually To Contaminated Food       Nigeria may lose $1billion yearly to the consumption of aflatoxin contaminated food that result in diseases such as liver cancer, stunted growth among other disease, a recent study says. To this end, stakeholders have urged the Federal Government...

'N120bn Intervention Will Address Nigeria’s Electricity Challenges'       Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges limiting the capacity of distribution companies (DisCos) is necessary to improve electricity supply. The experts also insisted...

Senate Demands Explanation On N7.5bn Withdrawals From Ahmed, NSA       The Chairman, Senate Public Accounts Committee, on Wednesday gave the Ministry of Finance, Office of the Accountant General of the Federation and the Office of the National Security Adviser till Tuesday next week to explain an...

Accountant-general, NEITI To Recover $5.31bn, N69.5bn From Extractive Industries         The Accountant-General of the Federation, Ahmed Idris, on Tuesday vowed that his office would work with the Nigeria Extractive Industries Transparency Initiative to recover N69.5bn and $5.31bn from the extractive sectors for the Federal Government. Last month,...