PFAs Invest N74.54bn In Infrastructure   The Pension Fund Administrators (PFAs) invested N74.54bn in infrastructure out of the N13.76trn they received from the Contributory Pension Scheme at the end of February 2022. This was contained in the latest figures obtained from the National Pension Commission. Investors have continued...

Reps Okay N369bn For Customs’ 2022 Budget   The House of Representatives has approved the sum of N369.136 billion as the 2022 budget for the Nigeria Customs Service (NCS). This followed the adoption of the report presented by the chairman, House Committee on Customs and Excise,...

Dangote, Two Others Account For N3.48bn Social Expenditure — NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has named Dangote Group, Lafarge Africa Plc and First Patriots as the top three contributors to the mining industry’s social expenditure with N3.48 billion total spending. The figure, according...

Crypto Transactions: CBN Slams Fidelity, FCMB, Four Other Banks N1.31bn Fine The Central Bank of Nigeria (CBN) has penalized six banks for N1.314 billion for alleged non-compliance with cryptocurrency account regulations. The banks include Stanbic IBTC, First City Monument Bank (FCMB), Access Bank, Wema Bank,...

N157bn Released To Fund Second Niger Bridge – Ahmed   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that the federal government has so far released N157bn for the Second Niger Bridge project. The minister disclosed this while on an inspection of...

Two million People’ll Start Receiving N20bn Monthly From June, Says FG   Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has said. It was gathered that...