Fed Govt Pays N9.2bn Premium To 13 Insurance Firms   The Minister of Labour and Employment, Dr Chris Ngige, says the Federal Government has paid N9.2bn as group life insurance premium spanning between April 17 2020 to April 16, 2021 for federal workers. He said the money...

AfDB Okays $27m To Boost AU’s COVID-19 Response Initiative     The African Development Bank (AfDB), has approved about $27.4 million in grants to boost the African Union’s (AU) efforts to mobilize a continental response to curb the COVID-19 pandemic. The approval came on the heels of a...

CRR: CBN Holds N900bn Customers’ Deposits With Banks     The Central Bank of Nigeria (CBN) has been holding on to N900 billion of lenders’ deposits as Cash Reserve Ration (CRR) since January. By the CRR policy, banks have a mandate to keep 27.5 per cent of all...

Gold Mining Initiative To Earn Nigeria N261.9bn Annually - Adegbite     The Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, has said the Presidential Artisanal and Gold Mining Initiative (PAGMI) could fetch Nigeria $675 million yearly (about N261.9 billion) as 400 trading centres have already...

FG Pays N15.8bn Insurance Cover For Health Workers     The Federal Government has paid N15.8 billion to insurance cover for hazard and inducement allowances, for doctors in the Federal Teaching Hospitals, Federal Medical Centers and non-COVID-19 hospitals. The Minister of Labour and Employment, Senator Chris Ngige made...

N651.77bn Generated From VAT In Six Months – NBS     A total of N651.77bn was generated from Value Added Tax in the first half of 2020, according to latest figures from the National Bureau of Statistics. The NBS disclosed this on Monday in its report on, “Sectoral...