PFAs Invest N7trn In FG Securities, Infrastructure   About N7.40trn of the N9.99tn pension fund assets has been invested in the Federal Government securities by Pension Fund Administrators. Latest data from the National Pension Commission also showed that the PFAs raised their investment in infrastructure to N40.52bn...

AfDB Partner DFID To Provide $80m Infrastructure Support   The African Development Bank and the Department for International Development are partnering to provide $80m infrastructure support for African countries. In a statement, the President, AfDB, Dr Akinwumi Adesina, said this while delivering his speech during at the...

Pension Fund Rises To N10trn   Pension fund assets rose from N9.81trillion recorded on October 31, last year to N10 trillion in November 30, the monthly report dated January 16, 2020, released by the regulator, the National Pension Commission (PenCom) has shown. The fund grew by N18...

Tin Can Customs Generates N346bn Revenue   The Tin Can Island Port Command of the Nigeria Customs Service (NCS), says it generated N346,508,836,486.54 as revenue in 2019. With this figure, the Command exceeded its 2019 revenue target with an excess of N4,202,755,990.15, representing 101.21 per cent. According...

Agric Sector’s Non-performing Loans Now N49.96bn   The non-performing loans in the agriculture sector rose by 3.36 per cent from N48.33bn as of the end of the third quarter of 2018 to N49.96bn as of the end of September 2019. According to data from the National Bureau...

NIMASA Remits N16bn To Consolidated Account   Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that the agency remitted about N16 billion into the federal government consolidated account in 2019. He said the agency was able to generate the amount...