Operators Give Investment Conditions As Pension Funds Hit N11.57trn         The Pension Funds Operators Association of Nigeria has said Pension Fund Custodians and Pension Fund Administrators will obey the guidelines given to them by the National Pension Commission before releasing the growing funds in their custody...

FAAN Generated N30bn Revenue In Nine Months         The Federal Airports Authority of Nigeria said it generated N30bn as revenue between January and September 2020. The Managing Director, FAAN, Captain Rabiu Yadudu, disclosed this on Tuesday when the House of Representatives Committee on Aviation led by its...

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...