Remittance From NLNG Surpasses FG’s Target By N63.6bn           The share of dividend remitted to the Federal Government by the Nigeria Liquefied Natural Gas company between January and December 2020 exceeded the projected target in the 2020 revised budget of the government by N63.62bn. Nigeria LNG Limited...

Pension Industry Fund Assets Now N12.29trn         The pension industry fund assets rose to N12.29 trillion by November 30, 2020. This represented a 1.94 per cent increase when compared with N12.053 trillion recorded as at October 31, 2020. Latest report by the National Pension Commission (Pencom) showed...

‘Nigeria Requires $4bn Yearly For Renewable Energy’         Nigeria’s power sector requires about $4bn annually to access clean and sustainable renewable energy for power users across the country, the Federal Government has said. Minister of State for Power, Goddy Jedy-Agba, said this at a virtual global power...

N226.8bn Raised Against COVID-19 Challenges – Fed Govt         A total of N226.85bn was mobilised from various sources in response to the COVID-19 pandemic between March and June 2020, the Federal Government said on Thursday. It said this in the interim report on the special audit of...

Pension Scheme: 118,044 Retirees Withdraw N29.26bn         A total of 118,044 retirees withdrew N29.26bn from their Retirement Savings Accounts and left the Contributory Pension Scheme because they had low balances in their accounts which could not be utilised as monthly stipends for them. Many of the affected...

In Nine Months, Electricity Consumers Paid N362bn - Discos         Electricity consumers paid N362bn out of the N520bn billed them by the distribution companies in the country from January to September last year, a new report by the Discos has shown. The Association of Nigerian Electricity Distributors,...