NRC Debt Servicing Hit N111bn, Generates N12bn – Report
The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December 30, 2022, official exchange rate of N448.55) servicing railway debts in the last two years while making only N11.61bn...
Buhari Says Marginal Oilfields Sale Generated N203bn
President, Muhammadu Buhari says the Federal Government under his watch made over N203bn from the sale of petroleum prospecting licenses to 161 firms in its last marginal fields bid round.
“We implemented a marginal fields bid round and saw...
N2bn Debt: AMCON Takes Over Firm’s Assets
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over N2 billion debt.
The move by the corporation followed an order of Honourable Justice I. N. Buba of the Federal High Court...
Workers Transferred N663bn RSA To Other PFAs - PenCom
No fewer than 168,768 workers have changed their Pension Fund Administrators (PFAs) and moved N663.761bn Retirement Savings Accounts (RSA) since the National Pension Commission (PenCom) opened the window of transfer.
The window of transfer allowed workers to...
10m Households To Get N5,000 As Subsidy Palliative For Six Months - FG
The federal government will pay N5,000 to 10 million households for six months as palliative for removing petrol subsidy after June.
Economic Confidential reports that the amount is N50 billion per month and...
NSIA Assets Rise to N1trn, Attract $500m FDI
The Nigeria Sovereign Investment Authority (NSIA) says it grew its net assets by 10.5 per cent to N1.02tn in 2022 from N919.73bn in 2021.
The Sovereign Wealth Fund manager disclosed that earnings from interest income, infrastructure business revenue,...
