Monetary

Pension Assets Rose By N190bn In January, Now N13.61trn

Pension Assets Rose By N190bn In January, Now N13.61trn   The total assets under the Contributory Pension Scheme rose by N190bn in January, figures from the National Pension Commission have revealed. PenCom disclosed this in its report titled, ‘Unaudited Report on Pension Funds Industry Portfolio; Approved Existing...

Illicit Financial Flows Threaten Africa’s Attainment of SDGs – ICPC Boss

Illicit Financial Flows Threaten Africa’s Attainment of SDGs - ICPC Boss By Abdulrahman Abdulraheem The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, has warned that corruption and illicit financial flows may threaten Nigeria’s and Africa’s ability to...

 NiDCOM: Ukraine Returnees Got $100 Each

 NiDCOM: Ukraine Returnees Got $100 Each Nigerian citizens who were evacuated from war-torn Ukraine were given $100 (about 48,000) each on Friday by the federal government, the Nigerians in Diaspora Commission (NiDCOM) has said. NiDCOM spokesman Abdur-Rahman Balogun disclosed this via a statement on Friday in...

EFCC: Four Fidelity Bank Staff Hacked Five Accounts to Steal N874m

EFCC: Four Fidelity Bank Staff Hacked Five Accounts to Steal N874m The Economic and Financial Crimes Commission (EFCC) has presented its second witness in the ongoing trial of four staff of Fidelity Bank Plc accused of N874 million fraud. The staff of the bank standing trial...

Buhari Donates $1m to Afghanistan

Buhari Donates $1m to Afghanistan The government of President Muhammadu Buhari has donated $1 million to Afghanistan. Secretary-General of the Organisation of Islamic Cooperation (OIC), Hissein Brahim Taha, disclosed this in a statement. Commending the Nigerian government, Taha said OIC remains committed to supporting Afghanistan. “The Secretary-General of...

IMF, World Bank Partner On $5.2bn To Support Ukraine

IMF, World Bank Partner On $5.2bn To Support Ukraine   The International Monetary Fund (IMF) and World Bank Group have announced they will respond to Ukraine’s request for urgent financing with about $5.2bn cumulatively. They disclosed this in a joint statement titled, ‘Joint IMF-World Bank Group statement...