Petroleum Shipment: Senate Raises Concern Over $120m Yearly Losses         The Senate on Tuesday, raised concerns over reports that the nation loses over $120m annually, following overwhelming patronage of foreign shipping firms in the shipment of petroleum products. The upper chamber has therefore, directed the Nigerian National...

Adoption Of Autogas Will Save Nigeria Over $2.5bn Annually         The introduction of gas-fired city buses as part of autogas initiative would save $2.5 billion yearly for Nigeria, currently struggling to come out from its worst recession ever. In an interview with our correspondent, managing director, Powergas,...

Pension Fund Assets Now N11.56trn         The total value of pension fund assets rose to N11.56 trillion by the third quarter ended September 30, 2020. Third quarter report of the National Pension Commission (Pencom) released at the weekend showed that about three-quarters of the total pension assets...

CBN Increases Credit For Households To N300bn           The Central Bank of Nigeria (CBN) has increased the Targeted Credit Facility (TCF) to N300 billion. The facility, which is meant for households and small and medium enterprises affected by the COVID-19 pandemic, was N150 billion. The expansion of the...

Discos Owe N416.94bn In Nine Months - NBET         Power distribution companies in the country failed to pay a total of N416.94bn for the electricity sold to them from January to September this year, the latest data from the Nigerian Bulk Electricity Trading Plc have shown. The...

Pension Contributors Withdraw N14.79bn As Job Losses Rise         About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn from their Retirement Savings Accounts in 10 months. Records from the National Pension Commission have revealed that more...