Monetary

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 (...

We Recover N25.13bn Unremitted Pension Contributions – PenCom

We Recover N25.13bn Unremitted Pension Contributions - PenCom   The National Pension Commission (PenCom) has recovered N25.13 billion from defaulting employers. PenCom made this known in a report. The sum, it said, comprised N12.80 billion principal contributions, and N12.33 billion penalties for delayed payments. The amount covered between...

FG Generates $2bn Investments in Renewable Energy Sector

FG Generates $2bn Investments in Renewable Energy Sector The Federal Government, on Sunday, announced that it attracted over $2bn in investments in the renewable energy sector over the past decade. It announced this through the Rural Electrification Agency, adding that in advancing these achievements, it established...