Nigeria’s Pension Assets To Hit N19trn In 2024, Report Reveals
Nigeria’s total pension assets, has been projected rise to an impressive N19 trillion by the end of 2024, according to a Pan-African credit rating agency, Agusto & Co.
This projection is contained in a report titled,...
Apapa Customs Intercepts Pistols, Rakes In N502bn Revenue
The Apapa Command of Nigeria Customs Service (NCS) on Tuesday, said that it intercepted two pistols inside one groupage cargo and collected a total of N502.987 billion from January 2023 to July.
The Command also said it made...
Nigeria Spends Over N13trn On Subsidy - NEITI
Nigeria expended over N13.69 trillion between 2005 to 2021 to finance subsidy payments, the Executive Secretary, Nigeria Extractive Industry Transparency Initiative (NEITI), Orji Ogbonnaya Orji, has said.
“We have outlined what needs to be done in our policy...
Kwara Govt Approves N10,000 Monthly Palliative For Public Workers
The Kwara State Governor, Alhaji AbdulRahman AbdulRazaq, has approved palliatives of a monthly cash support of N10,000 for every public sector workers in the state.
AbdulRazaq, however, said the palliative would begin in July and last until...
Discos To Refund $1.2bn For 374 Projects - NDPHC
The Niger Delta Power Holding Company Limited (NDPHC)on Tuesday, said it had executed over 374 projects in the distribution subsector of the Nigerian electricity supply industry to boost power supply nationwide.
It also stated that the projects,...
EXCLUSIVE: How 36 Governors Borrowed N2.2trn From Nigerian Banks
Amid worsening revenue challenges, state governments’ indebtedness to commercial banks has risen to N2.2trn.
The latest data from the quarterly statistical bulletin of the Central Bank of Nigeria, obtained by our correspondents, showed that states and LGAs...
