Solid Minerals Earnings Now N69.47bn – NEITI     Nigeria earned N69.47bn from the solid minerals sector in 2018, the country’s highest earnings from the industry in 12 years, an audit report released on Sunday by the Nigeria Extractive Industries Transparency Initiative stated. According to the report, the...

Oil Crash: Nigeria May Lose $8.63bn In 6 Months   Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected earnings accruable to the country in six months. Already, the nation has lost over...

PenCom Recovers N17.05bn From 655 Employers   The National Pension Commission (PenCom) has recovered a total of N17.05 billion as outstanding pension contributions from defaulting employers in the last eight years. Data sourced from PenCom showed that the recoveries were made from 655 defaulting employers from July,...

FEC Okays N43bn For Road, Agricultural Projects   The Federal Executive Council (FEC) on Wednesday approved N43.3 billion for a road and various agricultural projects across the country. The Minister of Works and Housing, Mr Babatunde Fashola (SAN) and Minister of Agriculture and Rural Development, Alhaji Sabo...

Pension Assets Grew By N1.58trn In One Year   The total pension assets under the Contributory Pension Scheme rose by N1.58trn between 2018 and 2019. Latest figures obtained from the National Pension Commission on Wednesday revealed that the total assets put at N8.63tn at the end of...

Nigeria Loses $20.4bn Annually To Oil Theft   Speaker of the House of Representatives, Hon Femi Gbajabiamila on Tuesday said the country is losing 400,000 barrels of oil per day (bpd) amounting to about $20.4 billion annually to theft. But the Nigeria National Petroleum Corporation (NNPC) and...