Monetary

‘Nigeria Loses $100bn Annually to Climate Change’

'Nigeria Loses $100bn Annually to Climate Change'   Climate change costs Nigeria about $100bn annually, an Agora report has stated. “The report titled “Climate Change and Socio-Economic Development in Nigeria, “ noted that climate change was increasing hunger, poverty, disease burden, migration, conflict, and insecurity in Nigeria,...

2023 Supplementary Budget: Tinubu Prioritises Nigerians Security 

2023 Supplementary Budget: Tinubu Prioritises Nigerians Security    The N2.176trn 2023 supplementary budget proposal by President Bola Tinubu, submitted to the House of Representatives on Tuesday, prioritised the security of Nigerians and their property as defense got the highest allocation of N476.543bn. Given the activities of bandits...

FG Plans to Launch One Million CNG Vehicles by 2027

FG Plans to Launch One Million CNG Vehicles by 2027   The Federal Government has revealed plans to introduce one million Compressed Natural Gas (CNG) powered vehicles by 2027. The announcement was made by the Special Assistant to the President on Special Duties and Domestic Affairs, Toyin...

Forex: Nigerians Spend $340.84 on Education in Six Months – CBN

Forex: Nigerians Spend $340.84 on Education in Six Months – CBN   Nigerians seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023. This figure is according to a data by the Central Bank of Nigeria (CBN) on the amount spent...

€1.2m Worth of Imported Equipment Required For Eko Bridge Rehabilitation – Minister

€1.2m Worth of Imported Equipment Required For Eko Bridge Rehabilitation - Minister   The Minister of Works, Dave Umahi, has said the government needs to import construction equipment worth €1.2m to effectively perform rehabilitation works on the Eko Bridge in Lagos State. The Minister made the announcement...

PenCom Says Workers Accessed N986.88m Pension Savings For Mortgage

PenCom Says Workers Accessed N986.88m Pension Savings For Mortgage   No fewer than 90 workers have accessed N986.88m out of their Retirement Savings Accounts with their Pension Fund Administrators to enable them acquire residential mortgages as of the end of June 2023. The National Pension Commission (...