RMAFC Defends Salaries of Political Office Holders   The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says political officeholders do not earn outrageous salaries. Muhammed Shehu, chairman of the commission, made this known to NAN in Abuja on Sunday. Shehu had earlier said the salaries of politicians, judicial...

FG Inherited N6trn Funding Gap on 2,604 Projects - Minister   Works Minister Dave Umahi has said the Bola Ahmed Tinubu administration has a N6 trillion funding gap on its road projects across the country. The minister, who said the current administration inherited 2,604 road projects, explained...

How 23 States Grew Foreign Loans By 64%   Twenty-Three Nigerian states grew bilateral loans by 64.26 per cent in six months to $462.81m as of the end of June. Most of the loans were taken from China, India, France and other countries. This was despite the persistent...

In Six Months, Nigeria's Debt Servicing Gulped N2.34trn - DMO The Debt Management Office (DMO) says Nigeria spent N2.34 trillion on debt service within six month of 2023. DMO disclosed this in its latest data on the country’s debt profile. Meanwhile, the figure marked a 43.04 per...

Contributory Pension Scheme Now N17trn - PenCom   The National Pension Commission (PenCom) has revealed that the Contributory Pension Scheme has hit N17.7 trillion as of the end of July 2023.The Pension management body said the pension asset increased by about 1.8 per cent from N16.76...

Customs Generates N1.9bn Revenue, Intercepts 415, 050 Litres Of Petrol   Seme Area Command of the Nigeria Customs Service (NCS) said it generated over N1.9 billion revenue and intercepted 415,050 litres of petroleum, hard drugs as well as 16 loads trailer loads of rice and others...