NEC Targets N2trn Pension Fund For Infrastructural Devt   The National Economic Council on Thursday considered the possibility of investing N2tn out of the Contributory Pensions Fund on infrastructure development in the country. This will be done through the Sovereign Investment Authority. A sub-committee of NEC presented an...

In Nine Months, Banks Generate N135.15bn From e-payments The adoption of electronic channels for financial transactions has earned 10 deposit money banks about N135.15bn revenue in the first nine months of the year ended September 30. Analyses of the unaudited 2019 third quarter reports of 10...

AfDB’s Active Portfolio In Nigeria Now $4.8bn   The African Development Bank (AfDB)’s active portfolio in Nigeria rose to $4.8 billion as at December 13, 2019, the bank disclosed in a statement at the weekend. With AfDB President, Dr. Akinwumi Adesina, telling Nigerian journalists in April that...

FG Rakes In N45.8bn From Stamp Duties   The Federal Government has raked in over N45.8 billion from stamp duties, following the reforms introduced by the present administration. Post Master General of the Federation and Chief Executive Officer of Nigerian Postal Service (NIPOST), Bisi Adegbuyi, who disclosed...

Nigeria Loses N233bn To Gas Flaring   The Nigerian economy lost a whopping N233 billion to gas flaring in 2018. This, represented 3.8 per cent of the total global flare same year, a report by PwC Nigeria, one of the leading professional services companies has revealed. The report...

N1.2bn Missing In Railway Corporation — Reps   The chairman of the House of Representatives Committee on Public Accounts, Wole Oke, yesterday said the management of the Nigerian Railway Corporation failed to defend the allegation of N1.2bn missing from the coffers of the corporation. The NRC management...