Ex-NIRSAL Boss, Abdulhameed Arrested Over N5.6bn Wheat Project Scam
Mr Aliyu Abdulhameed, a former Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), has been arrested almost a year after his sack.
NIRSAL is a $500m non-bank financial institution, which was created...
PFAs Invested N130bn in Infrastructure – PenCom
Pension Fund Administrators (PFAs) invested N130.18 billion funds under the Contributory Pension Scheme in infrastructure as of the end of September 2023.
Figures obtained from the National Pension Commission (PenCom) on ‘Unaudited report on pension funds industry portfolio for...
Nigeria Leads as Airlines’ Trapped Funds In Africa Hit $1.68bn - IATA
Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 with Nigeria topping the list of debtors, the International Air Transport Association (IATA) has revealed.
Other countries...
$35bn Required to Execute Concrete Road Projects - Umahi
The Minister of Works, David Umahi, has revealed that the government needs $35bn to kick start the construction of concrete roads nationwide.
He also stated that the moribund Ajaokuta steel company will provide 16 per cent of...
222,141 Workers Dump PFAs, Move N908bn – PenCom
No fewer than 222,141 workers have changed their Pension Fund Administrators and moved N908.363bn from their Retirement Savings Accounts since the National Pension Commission opened the window of transfer.
PenCom disclosed this in its transfers report on ‘Quarterly...
Monetary Reforms Yielding Positive Results - CBN
The Central Bank of Nigeria said that its monetary policy reforms are beginning to have positive effects on the country’s economy.
Reacting to the just-released inflation rate for October in a statement issued by the Director of the Corporate...
