Monetary

Households Get N44.62bn COVID-19 Intervention Funds

Households Get N44.62bn COVID-19 Intervention Funds       Households got N44.62bn intervention funds to alleviate hardships from COVID-19 as of the end of November according to figures obtained from the Central Bank of Nigeria. The CBN disclosed that the figure rose from N35.43bn as of July, according to...

Reps Summon NNPC Chief Over N3.9bn Non-remittance

Reps Summon NNPC Chief Over N3.9bn Non-remittance       The House of Representatives Committee on Public Accounts is expecting the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari, to appear before it on Thursday over an audit query issued by the Office of the Auditor...

NLNG Account: Reps Demand Details Of NNPC Withdrawal Of $20bn

NLNG Account: Reps Demand Details Of NNPC Withdrawal Of $20bn         Dissatisfied with the defence of the Nigeria National Petroleum Corporation (NNPC) over the audit query on the alleged illegal withdrawal of about $20.3 billion from the Nigerian Liquefied Natural Gas (NLNG) account at the Central...

Customs Seize N788.18m Smuggled PMS, Rice At Seme Border

Customs Seize N788.18m Smuggled PMS, Rice At Seme Border         The Nigeria Customs Service, Seme Command made 1,294 seizures with a duty paid value of N788.19m in the year 2020, the agency said on Monday. According to a statement signed by the spokesman of the command, Hussaini...

FG Releases N37bn COVID-19 Survival Fund

FG Releases N37bn COVID-19 Survival Fund       The Federal Government has so far released N37bn (Survival Fund) as part of the implementation of its Economic Sustainability Plan aimed at cushioning the negative impact of COVID-19 on Nigerians. The fund covers schemes such as N50,000 Payroll Support for...

Foreign Investment In Construction Declines By $8m

Foreign Investment In Construction Declines By $8m       The total foreign investment in the construction industry fell by $8.28m to $22m as of the end of 2020 from $30.28m as of the end of 2019. Latest figures obtained from the National Bureau of Statistics on Friday revealed...