Senate Grills AGF Over N910bn MDAs Loan
The Senate has indicted the Office of Accountant General of the Federation over failure to repay short-term loans given to Ministries, Departments, and Agencies from Special Funds Accounts totalling N910bn.
The lawmakers discovered this after a thorough investigation by...
Tinubu Inherits Over N16trn Uncompleted Projects
The new President of Nigeria, Bola Tinubu, has officially inherited over N16.29tn uncompleted projects from his predecessor, Muhammadu Buhari.
The projects were identified through the national monitoring and evaluation platform, EYEMARK, which was launched by Buhari in December last year.
The...
Naira Rises Against Dollar to Trade at N770/$1 on Tuesday
The Nigerian Naira experienced a notable appreciation against the US Dollar at black market to trade at an average rate of N770/$1, showcasing a significant 1.28% appreciation today after eight consecutive depreciations from May 17,...
PFOs Sustain Business Growth With N1.69trn Investment
Pension Fund Operators (PFOs) have invested a sum of N1.69 trillion in banks through money market instruments from the inception of the Contributory Pension Scheme (CPS) to 2023.
The amount serves as loans to the private sector.
This was disclosed...
Report Reveals Buhari, Osinbajo, Others To Get N64.72bn Severance Packages
The final pay in office for out going President and Vice, Muhammadu Buhari and Yemi Osinbajo, state governors and other political appointees about to leave office may cost the country about N64.72bn.
The figure also covers...
FG Disburses N173bn To Beneficiaries Under 100-for-100 Policy - CBN
The Central Bank of Nigeria (CBN) has disbursed N173.31bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention.
According to the bank, the CBN Governor, Godwin Emefiele, disclosed this...
