Emefiele Meets Senate Today On Alleged Missing $9.5m PPT Fund
The Governor of Central Bank of Nigeria, Godwin Emefiele, is expected to lead top management staff of the Central Bank of Nigeria to the Senate today (Tuesday).
They are expected to explain details of the alleged...
CBN Yet To Disburse N600bn Manufacturing Intervention Funds
The Central Bank of Nigeria (CBN) says N600 billion out of the N1 trillion COVID-19 intervention fund for manufacturers is still awaiting disbursement.
CBN Governor, Godwin Emefiele, who disclosed it at the weekend, said N400 billion has already...
PenCom Recovers N553.03m From Defaulting Employers
The National Pension Commission has said it recovered N553.03m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement Savings Accounts with their respective pension fund administrators.
PenCom disclosed this in its monthly report...
AfDB Offers SEC $400,000 Grant for Capital Market Devt
The African Development Bank (AfDB) Group last Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) of Nigeria to strengthen securities markets regulation and broaden market instruments.
The funds will go towards strengthening...
NNPC To AuGF: We Spent N966bn On Pipeline Repairs
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015.
NNPC stated this in response to the query raised in the 2016 report of the Auditor General for the...
Power Sector Loses N59.33bn In Three Months
Between January 1 and March 6, 2021 Nigeria’s power sector lost N59.33bn but posted its highest ever peak generation of 5,802 megawatts during the period.
Documents obtained from the Federal Ministry of Power on the sector’s performance for the...
