Senate Demands Detailed Report On Alleged N4trn Unremitted Funds     Members of the Senate Public Account Committee and the officials of the office of the Auditor-General for the Federation engaged in a heated debate on Tuesday with officials of the Nigerian National Petroleum Corporation over the...

N250bn Required Yearly To Manage Highways – FERMA       The Managing Director/Chief Executive Officer, Federal Roads Maintenance Agency (FERMA), Mr Nurudeen Rafindadi, said on Tuesday that the agency would need between N200bn and N250bn annually to keep the federal highway network in manageable condition. He lamented that...

Buhari Launches $3.2bn Port Harcourt-Maiduguri Railway Project       President Muhammadu Buhari yesterday launched the $3.2 billion rehabilitation and reconstruction of Port Harcourt- Maiduguri eastern narrow gauge railway project, Bonny Deep Sea Port and the Railway Industrial Park, Port Harcourt, to be executed with 85 per cent...

PFAs Pay 11,796 Disengaged Workers N5.33bn       The Contributory Pension Scheme (CPS) has continued to relieve pressure on workers who lose their job, by paying them 25 per cent out of their pension. According to the National Pension Commission (PenCom), 11,796 workers who lost their jobs were...

Banks Lost Over N5bn To Fraudsters In Nine Months — NDIC       The Nigeria Deposit Insurance Corporation (NDIC) has stated that it is in collaboration with sister agencies in law enforcement to curtail cybercrimes especially in the financial system. Speaking at the annual capacity building programme for...

Insurers Make N10.1bn From Life Annuity In Q4, 2020       Insurance companies providing Retiree Life Annuity (RLA) to retirees under the Contributory Pension Scheme (CPS) received N10.1 billion premium, in the fourth quarter of 2020. Life Annuity is a series of monthly or quarterly payments paid to...