Pension Fund Now N11.09trn     Pension Fund Administrators (PFAs) have recorded N666 billion increase on pension fund assets in six months. The total pension fund hits a record high of N11.09 trillion as at June 2020 from N10.8 trillion recorded in May. Besides, the number of Retirement Savings...

FG Okays N2.373trn For Power Sector Reform       The Federal Government has set aside the $6.15 billion (about N2.373 trillion) secured from the World Bank, the African Development Bank (AfDB), Siemens and others for the reformation of the power sector. The Minister of Power, Sale Mamman, who...

FRC: 122 Agencies To Remit N1.8trn Surplus To Govt       The Fiscal Responsibility Commission (FRC) has compelled 122 agencies to remit N1.8 trillion surplus to the Consolidated Revenue Fund. Its Acting Chairman, Victor Muruako gave the order when the Executive Director, Civil Society Legislative Advocacy Centre (CISLAC)/Transparency...

MPC Approves CBN’s N15trn Infrastructure Firm     The Monetary Policy Committee (MPC) has okayed the Central Bank of Nigeria (CBN)-led N15 trillion five-year Infrastructure Development Company meant to deepen economic development. The MPC also lauded the Federal Government for the approval to establish Infrastructure Development Company, which...

Fed Govt Releases N14.92bn For Retirees’ Accrued Rights       The Federal Government has released N14.92bn for the payment of accrued rights for retirees under the Contributory Pension Scheme. The National Pension Commission disclosed this on Monday in a statement entitled ‘FG releases N14.92bn for accrued rights for...

NAHCO Ex-workers Insist On N1.13bn Severance, File Suit       Ex-workers of the Nigerian Aviation Handling Company (NAHCO) Plc, have said that the contentious N1.13 billion pending at the Pension Transitional Arrangement Directorate (PTAD), remains their severance benefits and not NAHCO’s refund. And to challenge NAHCO management’s request...