National Assembly Transmits N13.5trn Budget To Buhari         The National Assembly has transmitted the 2021 Appropriation Bill of N13.5tn to President Muhammadu Buhari. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Babajide Omoworare, disclosed this on Monday. Omoworare said, “The Appropriation Bill has...

Fourteen Insurers To Pay N9.7bn #EndSARS Riot Claims         A total of 1,036 individuals and corporates that recorded losses during the recent #EndSARS protests across the country have lodged claims through 14 insurance companies; 667 of the claimants are from Lagos. Fourteen insurance companies will pay about...

Unexecuted Contracts: Senate Indicts NIMASA For N1.5bn Payment         The Senate Public Accounts Committee has sustained the report of the Auditor General for the Federation, which indicted the Nigerian Maritime Administration and Safety Agency of paying N1.5bn to contractors who did not execute projects awarded to...

Workers Withdrew N2.18bn Pension Savings In Q3 – PenCom         About 1,286 workers under the Contributory Pension Scheme withdrew N2.18bn from the voluntary contributions in their Retirement Savings Accounts with their Pension Fund Administrators in the third quarter. The National Pension Commission disclosed this in its 2020...

Two Months After, Airlines Await N5bn Bailout       Almost two months after the federal government approved a N5 billion bailout for the aviation sector, operators are worried over the delay in its release, even as many airlines and allied businesses are on the brink of collapse. The...

$2.6bn AKK Pipeline 10% Completed - Contractor       About 100 per cent local content is currently deployed for the construction of the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the contractor handling the project, Oilserv Limited, has said. The Managing Director, Oilserv, Emeka Okwuosa, also told journalists during a...