Operators Invest N55.25bn Pension Funds In Infrastructure   The Pension Funds Administrators have invested N55.25bn under the Contributory Pension Scheme in infrastructure as of the end of May, latest statistics from the National Pension Commission has revealed. The commission stated this in its report titled ‘Summary of...

Nigeria Benefits From $1.87m COVID-19 Impact Support     Nigeria is one of 12 countries across Europe, Middle East and Africa (EMEA) receiving a share of a 3M grant totalling $1,875,000, being directed to projects supporting nutrition, mental and physical health, education and COVID-19 awareness, according to...

Experts Support FG, W/Bank On DisCos’ Audit Before $500m Loan   Experts in the Nigerian Electricity Supply Industry (NESI) have backed the plan of the federal government and the World Bank to run a forensic audit on power Distribution Companies (DisCos) before they could access a...

PFAs Invested N7.2trn In Government Securities     The Pension Funds Administrators invested N7.2tn of the total assets under the Contributory Pension Scheme in the Federal Government’s securities as of the end of May. The National Pension Commission disclosed this in its report titled ‘Summary of pension fund...

Credit To Economy Rises By 6.3% To N38trn     Credit to the economy rose by 6.3 percent to N38 trillion in the first half of the year (H1’2020) driven by 9.85 percent upsurge in credit to the federal government. This reflects the impact of the various intervention...

CBN Disburses N152.9bn For 61 Manufacturing Projects     The Central Bank of Nigeria has disbursed N152.9bn for 61 manufacturing projects under parts of its intervention funds. The Central Bank Governor, Godwin Emefiele, disclosed this in a report on his communique at the last Monetary Policy meeting. “The committee...