2022 Budget: Senate approves N215.8bn for FIRS     The Senate has approved N215.8 billion as budget for the Federal Inland Revenue Service (FIRS) for the 2022 fiscal year. The budget was approved in plenary on Wednesday. It was sequel consideration of a report by the Senate Committee on...

Bond Investors To Get N605bn Repayment   Bond investors may receive N605 billion in repayment of the principal amount and last coupon on maturing Federal Government of Nigeria (FGN) Bonds, while disbursements are expected to be made to the three tiers of government from the Federation...

Nigeria Targets $40bn Investments In Digital Infrastructure   The Federal Government is targeting $40billion private capital investments in digital infrastructure and facilitating the formation of up to $1 billion in private equity. The government estimates public investment of N150billion, according to National Development Plan 2021-2025 obtained by...

NBET Pays N42bn To GenCos For November Power Supply   The Nigerian Bulk Electricity Trading Plc said yesterday it remitted N42 billion to power generation companies, GENCOs, for electricity supplied to the national grid in November, 2021. The bulk trader in a statement in Abuja, explained that...

Federal Workers’ Pensions, Gratuities Gulp N208bn   The Federal Government has spent N208.21bn on payment of pension and gratuity arrears in seven months, a new Central Bank of Nigeria report has revealed. The CBN’s statistical record on the Federal Government’s monthly finances showed that the amount was...

51,392 Workers Change Pension Companies, Move N190.62bn   No fewer than 51,392 aggrieved workers under the Contributory Pension Scheme have changed their Pension Fund Administrators and subsequently moved their Retirement Savings Accounts to other pension companies in 13 months, it has been learnt. Figures obtained from the...