FG Spent N1trn On Steel Imports In Nine Months Federal Government has spent $1.038 trillion on iron and steel imports in the last nine months. In a similar fashion, the Federal Government pumped N21.3 billion into the moribund Ajaokuta Steel Complex between 2016 and early 2022. The...

N93bn Pensions Unpaid Into Workers’ Accounts - PenCom A total of N93.49bn worth of pensions was paid by employers but was not credited into workers’ Retirement Savings Accounts in 2021, according to findings from the National Pension Commission (PenCom). This comprised N73.97bn contributions remitted by employers...

Digital Currency: eNaira Transactions Hit N4b - Emefiele  The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, has disclosed that transactions on CBN digital currency, the e-Naira, platform has hit N4 billion, since its launch in October, last year. The apex bank boss gave the...

Audits: Reps Query Agric Ministry’s N18bn Bush-clearing Contracts   The House of Representatives’ Committee on Public Accounts is investigating the Federal Ministry of Agriculture over the award of contracts worth about N18.9bn to several companies to clear bushes during the COVID-19 lockdown. Chairman of the committee, Oluwole...

Fed Govt To Launch $750m World Bank-backed Programme   The Presidential Enabling Business Environment Council, on Tuesday, unveiled its plans to kickstart a $750m World Bank-funded programme in January next year. This was as Vice President Yemi Osinbajo, on Tuesday, said the kind of business environment Nigeria...

Pension Fund Assets Gain N388.98bn In Q2, 2022   Pension fund assets have risen by N388.98 billion, according to the second quarter (Q2) 2022 report released yesterday by the National Pension Commission (PenCom). The pension assets rose quarterly by N388.98 billion from the N13.88 trillion recorded at...