Monetary

N2.3trn Pension Fund Available For Real Sector Investment – PenCom DG

N2.3trn Pension Fund Available For Real Sector Investment - PenCom DG       There is N2.3 trillion pension fund for investment in the real sector, the Director-General, National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has said. This, she said, is available via asset classes such as infrastructure funds,...

Reps Uncover Over N6bn Unspent Funds In EFCC

Reps Uncover Over N6bn Unspent Funds In EFCC         The House of Representatives yesterday uncovered about N6 billion unspent funds in the coffers of the Economic and Financial Crimes Commission (EFCC), saying the commission may have gotten too many budgetary releases to the detriment of other...

FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road

FG Ratifies Nigeria’s AfCFTA Membership, N62.7bn For Kano-Katsina Road         The Federal Government on Wednesday ratified Nigeria’s membership of the African Continental Free Trade Area. The decision was taken at the weekly meeting of the Federal Executive Council presided over by President Muhammadu Buhari. The Minister of Information...

COVID-19: UN Offers Nigeria $250m Support

COVID-19: UN Offers Nigeria $250m Support         Nigeria is to get about $250 million, following the launch of the United Nations (UN) Plus Offer for Socio-Economic Recovery. The UN Plus Offer, which was launched at the Presidential Villa, Abuja, and attended by the UN Deputy Secretary-General, Hajiya...

Reps Query Allocation Of N15bn For East-West Road

Reps Query Allocation Of N15bn For East-West Road         The House of Representatives Committee on Niger Delta Affairs yesterday queried the allocation of N15 billion out of the N19 billion proposed in the 2021 budget by the Ministry of Niger Delta Affairs for capital expenditure for...

Private Sector Lost N5trn Assets To Hoodlums – NECA

Private Sector Lost N5trn Assets To Hoodlums – NECA         The Nigerian Employers’ Consultative Association has estimated the loss of investment and assets by the organised private sector as a result of the arson and looting that followed the recent #EndSARS protests across the country. The President...