Senate Begins Probe On N14.7bn PHCN Privatisation Fund In Secret Accounts
The Senate Committee on Public Accounts has begun investigation of N14.7bn proceeds of privatisation of the defunct Power Holding Company of Nigeria allegedly hidden in commercial banks by the Bureau of Public Enterprise.
The committee...
Fed Govt Rakes In N8.6trn From Customs, FIRS In 2021
The federal government has realized the sum of N8.6trn as taxes for the year 2021.
Data released by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) disclosed that both agencies generated N2.2...
FG Releases N31.97bn For Retirees’ Accrued Pension Rights
The Federal Government has released another N31.97bn for the payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies.
PenCom, in a statement on Thursday titled ‘Federal government releases funds for payment of accrued...
Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession
The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to 23 companies the Nigerian Ports...
PFAs Invest Additional N693bn Pension Funds In Banks
The Pension Fund Administrators invested N693bn funds under the Contributory Pension Scheme in banks in nine months, according to data from the National Pension Commission.
PenCom’s unaudited report on pension funds industry portfolio for the period ended September...
Banking Industry Credit Rises to N23.5trn
The Central Bank of Nigeria has stated that banking industry credit in 2021 reached N 23.5 trillion with Other Financial Institutions (OFIs); comprising of Microfinance Banks, Development Banks, Merchant banks and mortgage banks contributing N2.79 trillion, representing 10.62 per...
