NDLEA Seized Over N130bn Worth Of Drugs In 17 Months   The National Drug Law Enforcement Agency (NDLEA) says that between January 2021 to May 2022, the agency has seized over 3.5million kilograms of hard drugs. The Director, Media and Advocacy, NDLEA, Femi Babafemi, in an exclusive...

DisCos Blame FG On Failed N100bn Subsidy After Privatisation   The Association of Nigerian Electricity Distributors (ANED) has blamed the federal government for failing to provide a N100 billion fund and other promises after the 2013 privatisation to ensure the Distribution Companies (DisCos) improve services. According to...

Pension Assets Rise By N842.73bn In H1, 2022 Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit N14.27tn as of the end of June. Figures obtained from the National Pension Commission on its ‘Unaudited report on pension funds...

Telecom Subscribers to Pay 5% Tax on Call, Text, Data - FG The Federal Government has disclosed that telecommunications subscribers would pay five per cent tax on calls, SMS and data services. Meanwhile, stakeholders in the industry have expressed dissatisfaction over government’s resolve to implement five...

Just in: Naira Crashes to N710 to a Dollar The Nigerian naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Economic Confidential on Wednesday showed the current parallel market rate pegged at...

IFC Approves $35m For Food Security In Africa   The International Finance Corporation (IFC) is offering a $35 million financing package to Jubaili Agrotec, a Nigeria-based agrochemicals manufacturer and distributor, to increase smallholder farmers’ access to key input and boost food production to strengthen food security...