Ex-Minister Sadiya Farouk Reacts to Alleged N37bn Fraud   Former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouk, on Tuesday denied involvement in an alleged fraud of N37bn. Sadiya who was appointed as the pioneer minister of the Humanitarian Ministry by ex-president Muhammadu Buhari...

Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 - Senate The Senate has approved the extension of implementation of the supplementary appropriation bill from 31st December 2023 to March 31st 2024. The move comes after the Leader of the Senate, Senator. Opeyemi Bamidele presented...

$60bn Cash Call: Reps Probe NNPCL Over Losses The House of Representatives on Wednesday resolved to investigate the Nigerian National Petroleum Company Limited (NNPCL) over an alleged loss of an estimated $60bn to inflated Cash Calls. To this end, the House mandated its Committee on Finance...

'Contributory Pension Assets Rise to N17.66trn'   The total assets under the Contributory Pension Scheme rose to N17.66tn as of the end of October 2023. Figures obtained from the National Pension Commission (PenCom) on ‘Unaudited report on pension funds industry portfolio for the period ended October 31,...

Electricity Consumers Pay N783bn as Subsidy Gulps N376bn   The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy...

Naira Appreciates Against Dollar at Forex Market The Naira appreciated against the US dollar on Thursday at the official and parallel foreign exchange markets. Official data from FMDQ disclosed that it appreciated to N901.41/$1 at the close of work on Thursday. The figure represents a N3.15 gain...