FEC Okays N592m For Procurement Of MRI Diagnostic Machine At OAU Ile-Ife The Federal Executive Council meeting presided over by President Muhammadu Buhari on Wednesday, approved a total sum of N592, 271, 792.48 for the procurement of magnetic resonance imaging (MRI) equipment for the Obafemi...

CBN Approves N2.1trn For Manufacturing, Agric, Healthcare   The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector of the economy, the bank announced at the weekend. The intervention fund sheet of the apex bank said the funds, which came under the...

FG Spent $11.6m On Armoured Vehicles Amid Forex Scarcity   While the country battled with shortage of foreign exchange, the Federal Government spent $11.56m on remodelling and refurbishing 107 armoured vehicles which were donated by the Hashemite Kingdom of Jordan. The Second Quarter and Half-Year 2022 Budget...

Insurance Industry Assets Hit N2.3trn - NAICOM   The total assets of the country’s insurance industry have increased to N2.3 trillion in the second quarter of 2022, growing by 11.9 per cent or N200 billion from the second quarter of 2021. The non-life business assets stood at...

Fed Govt Plans N854.8bn For Pensions, Gratuities In 2023   The Federal Government plans to spend N854.8bn on pensions, gratuities and retirees’ benefits in the 2023 budget. President Muhammadu Buhari disclosed this while presenting the 2023 appropriation bill to a joint session of the National Assembly in...

NSITF Pays N1.7bn Claims, Compensation To Rehabilitate Injured Workers   The Nigeria Social Insurance Trust Fund (NSITF) yesterday said it spent over N1.7billion as claims and compensations for rehabilitation of injured workers, death benefits as well as compensation for loss of man hour to their employers...