Monday, October 3, 2022
Central Bank of Nigeria

FG’s Spending On Pension, Gratuity Drops To N356bn – CBN

FG’s Spending On Pension, Gratuity Drops To N356bn - CBN   The Federal Government’s expenditure on pension and gratuity fell slightly by N3.48bn in 2021, according...
Court Judiciary Justice

Nigeria Loses $1.7bn Court Case Against JP Morgan

Nigeria Loses $1.7bn Court Case Against JP Morgan   Nigeria has lost a $1.7 billion London court case against JP Morgan Chase & Co for the...
The Managing Director of FAAN, Capt Rabiu Yadudu

Nigeria Lost N1.04trn Aircraft Repairs In Foreign Countries – FG

Nigeria Lost N1.04trn Aircraft Repairs In Foreign Countries – FG   Nigeria lost $2.5bn (about N1.04tn at the official exchange rate of N415.63/$) to other countries...
Aisha Umar Dahir, PenCom DG

Contributory Pension Gains N640bn In Four Months, Now N14trn

Contributory Pension Gains N640bn In Four Months, Now N14trn   Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn in...
Nigerian DisCos

Despite Unstable Power, Discos Generated N2.4trn

 Despite Unstable Power, Discos Generated N2.4trn   The Electricity Distribution Companies (Discos) raked in a total of N2.4 trillion as revenue between 2015 and 2020, the...
Motorcycles Import

Nigerians Spent N74bn To Import Motorcycles In Q1, 2022

Nigerians Spent N74bn To Import Motorcycles In Q1, 2022   As the Lagos State Government clamps down on commercial motorcyclists and while some states try to...
Tin Can Port

NPA MD Says Tin-Can Island Port Repairs To Gulp N360bn

NPA MD Says Tin-Can Island Port Repairs To Gulp N360bn   Indication has emerged that the reconstruction of Nigeria’s second largest seaport, the Tin-Can Island Port...
Nigerian Customs Service

Customs Generates About N2bn From Erring Private Aircraft Owners

Customs Generates About N2bn From Erring Private Aircraft Owners     The Nigerian Customs Service (NCS) said it has so far generated about N2 billion from the...
House of Representatives

Reps Summon Water Resources Minister As Agency Auctions N2bn Assets For N13.6m

Reps Summon Water Resources Minister As Agency Auctions N2bn Assets For N13.6m   The Office of the Auditor General for the Federation has queried the management...
Central Bank of Nigeria

Nigerians Spent $221m On Foreign Education In Three Months – CBN

Nigerians Spent $221m On Foreign Education In Three Months – CBN   An analysis of data obtained from the Central Bank of Nigeria (CBN) showed that...
Nigeria Ports Authority

Reps Probe Unremitted Multi-million-dollar Revenue Under NPA

Reps Probe Unremitted Multi-million-dollar Revenue Under NPA   The House of Representatives’ Committee on Public Accounts has commenced an investigation of the multi-million-dollar debt owed the...

JUST IN: Accountant General of the Federation, Ahmed Idris, in EFCC Net over N80bn...

JUST IN: Accountant General of the Federation, Ahmed Idris, in EFCC Net over N80bn Fraud By Adnan Mukhtar Operatives of the Economic and Financial Crimes Commission,...

SHOCKING: President Jonathan Asked me to Divert N2bn Ecological Funds into Reelection Campaign –...

SHOCKING: President Jonathan Asked me to Divert N2bn Ecological Funds into Reelection Campaign – Babangida Aliyu The Economic and Financial Crimes Commission (EFCC) has revealed...

Buhari Signs Three Bills to Tackle Money Laundering, Terrorism

Buhari Signs Three Bills to Tackle Money Laundering, Terrorism President Muhammadu Buhari on Thursday in Abuja signed into law, three bills aimed at improving the...
Debt

How FG Spent N41.9 Billion On Debt Servicing In January

How FG Spent N41.9 Billion On Debt Servicing In January The Central Bank of Nigeria (CBN) new data has revealed that Nigeria’s monthly debt servicing...
nigeria celebrity endorsement mtn airtel, etisalat, glo

Telecoms: Calls, Text And Data Services To Increase Price By 40%

Telecoms: Calls, Text And Data Services To Increase Price By 40% Based on recent news report, telecommunication companies are proposing a 40% increase in the...
cbn

CBN Alerts Nigerian Banks on Dangers of Transacting With Benin Republic

CBN Alerts Nigerian Banks on Dangers of Transacting With Benin Republic The Central Bank of Nigeria (CBN) has directed banks to implement enhanced measures on...
electricity

Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn

Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn   The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per...
FAAC

FAAC: N725.5bn March Revenue Shared By FG, States, LGAs

FAAC: N725.5bn March Revenue Shared By FG, States, LGAs The Federation Account Allocation Committee (FAAC) report reveals that N725.571 billion for March, 2022 revenue has...
Pension Fund

In Six Months, FG Spent N177.53bn On Pension, Gratuities

In Six Months, FG Spent N177.53bn On Pension, Gratuities   The Federal Government spent N177.53bn on pension and gratuities in the second half of 2021. These...