COVID-19 Loans: CBN Disburses N149.2bn To Households     The Central Bank of Nigeria (CBN) disbursed N149.21 billion to 316,869 households to cushion the effects of the COVID-19 pandemic. The funds, which were given out in the first phase of the N150 billion Targeted Credit Facility (TCF), were...

AMCON Seizes Centage Savings And Loans’ Assets Over N3.5bn Debt       The Asset Management Corporation of Nigeria (AMCON) at the weekend took over 13 prime assets linked to Centage Savings and Loans Limited and its chief promoter, Mr. Johnson Ndukwe, over an indebtedness of over N3.5...

Fed Govt Okays $1.5bn For P/Harcourt Refinery Rehabilitation       The Federal Government has approved the sum of $1.5 billion for the rehabilitation of Port Harcourt Refinery, which is the largest refining company in the country. Disclosing this at the end of the Federal Executive Council, FEC, yesterday,...

Labour Faults Fed Govt’s N50bn Monthly Electricity Susbsidy         Organised Labour has tackled the Federal Government over claims of subsidising electricity supply across the country for over N50billion monthly. The administration of President Goodluck Jonathan privatised the electricity sector in November 2013 and handed it over to...

NEITI To Recover N2.07trn Oil Taxes       The new executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya Orji, has vowed to recover N69.51billion and $5.31billion (about N2 trillion) as taxes from oil companies, totalling over N2.07tr. Orji made the promise in his...

Fed Govt Clears N6.2bn Arrears Of 16,210 Pensioners       The Pension Transitional Arrangement Directorate in charge of the administration of pensions of federal retirees under the Defined Benefits Scheme said it paid N6.2bn arrears to 16,210 pensioners. It disclosed this in a statement on Tuesday titled ‘PTAD...