Gas Flaring: FG Imposes N22bn Fine On Oil Firms
The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and February 2023.
According to latest gas...
Hajj Fare: Don’t Exceed N3m, NAHCON Warns State Boards
The National Hajj Commission of Nigeria (NAHCON) yesterday cautioned state pilgrims welfare boards (SPWBs) against charging above the amount jointly agreed which is less than N3 million.
The commission stated some states are announcing fares different from...
Reps Summon Finance Minister, AGF, Others Over $2.4bn Illegal Crude Oil Sale, Whistleblower Policy
Members of the House of Representatives ad-hoc committee investigating alleged loss of over $2.4 billion in revenue from illegal sale of 48 million barrels of crude oil export from 2015 till...
In One Year, Contributory Pension Assets Gain N1.68trn – PenCom
The assets under the Contributory Pension Scheme rose by N1.68tn from N13.76tn as of the end of February 2022 to N15.45tn as of the end of February 2023.
PenCom disclosed this in its unaudited report on...
Senate Says Budget Office Paid Four MDA’s N19bn Without Approval
The Senate has asked the Budget Office of the Federation to refund the sum of N19bn the agency disbursed to four unnamed Ministries Department and Agencies without the approval of the Minister of Finance, Budget...
Pension Fund Investment In FG Securities Rise By 16.5% To N9.9trn
Pension Fund investment in Federal Government debt instruments (securities) rose 16.5 per cent, year-on-year to N9.9 trillion in February caused by the high interest rate regime prompted by the inflation fighting measures of the...
