Monetary

How FG Recovered N3.2bn Foreign Loot in 14 Months - Malami The federal government recovered over N3.2bn (£6,324,627.66) of stolen monies from various jurisdictions globally...

MDAs’ Retirees Get Paid N980bn Arrears   The Federal Government has paid a total of N980.18bn to retirees of treasury funded Ministries, Departments and Agencies (MDAs)...

FG Says N21trn Required To Bridge 28m Housing Deficit   The amount required to fund the housing sector in Nigeria and bridge the estimated 28 million...

FG Says 1.9m Vulnerable Nigerians’ll Get N38bn Grants   More than 1.9 million vulnerable Nigerians are to benefit from about N38bn being disbursed as grants of...

NDLEA Seized Over N130bn Worth Of Drugs In 17 Months   The National Drug Law Enforcement Agency (NDLEA) says that between January 2021 to May 2022,...

DisCos Blame FG On Failed N100bn Subsidy After Privatisation   The Association of Nigerian Electricity Distributors (ANED) has blamed the federal government for failing to provide...

Pension Assets Rise By N842.73bn In H1, 2022 Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit...

Telecom Subscribers to Pay 5% Tax on Call, Text, Data - FG The Federal Government has disclosed that telecommunications subscribers would pay five per cent...

Just in: Naira Crashes to N710 to a Dollar The Nigerian naira has crashed further in the parallel market, trading for N710 against the U.S....

IFC Approves $35m For Food Security In Africa   The International Finance Corporation (IFC) is offering a $35 million financing package to Jubaili Agrotec, a Nigeria-based...

CBN Funding to Hit N23.2trn as Debt Servicing Outpaces Revenue With the amount spent on debt servicing in the first four months of 2022 outweighing...

PenCom Okays N13.21bn For Annuity Retirees The National Pension Commission has approved N13.21bn lump sum payments to annuity retirees in the first quarter of 2022. This...

N109bn Fraud: EFCC Set to Arraign ex-Accountant General of the Federation The Economic and Financial Crimes Commission (EFCC) is set to arraign the former Accountant...

JUST IN: Finally, Nigeria's Debt Servicing Surpasses Revenue by N310bn The cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in...

AfDB Board Okays Over $1bn For Emergency Food Production Plan   The African Development Bank (AfDB) Group’s Board of Directors has approved 24, fast-track programmes to...

$10bn Spent Annually On Education, Medical Tourism - Emefiele   The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually...

Audit Query: Senate Orders NIMASA DG’s Arrest Over $9.305bn Loss   The Senate through its Panel on Public Accounts has ordered the arrest of the Director-General...

Senate Probe Health Ministry On Alleged N5.7bn Donor Funds Mismanagement   The Senate Public Account Committee has summoned senior management staff of the Ministry of Health...

We Recovered N1.4trn Bad Debt - AMCON Boss   The Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has...

FG, World Bank, AFD to spend $575m On Rural Roads   The Federal Government has signed a tripartite agreement with the World Bank and the French...