Foreign Portfolios Hit Three-month Low   Foreign investors’ transactions in the market have dropped to lowest point in the past three months as concerns mounted over worsening foreign exchange (forex) crisis. Trading data on foreign portfolio investments (FPIs) released at the weekend indicated that foreign transactions dropped...

N93bn Pensions Unpaid Into Workers’ Accounts - PenCom A total of N93.49bn worth of pensions was paid by employers but was not credited into workers’ Retirement Savings Accounts in 2021, according to findings from the National Pension Commission (PenCom). This comprised N73.97bn contributions remitted by employers...

Digital Currency: eNaira Transactions Hit N4b - Emefiele  The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, has disclosed that transactions on CBN digital currency, the e-Naira, platform has hit N4 billion, since its launch in October, last year. The apex bank boss gave the...

Oil Firms Degrade Environment, Spill N711bn Worth Of Crude Oil   Environmental right activists have raised the alarm over the continuous environment degradation as estimation puts total value of oil spilled by operators in the Niger Delta at N711bn. Data obtained from the Nigerian Oil Spill Monitor,...

Audits: Reps Query Agric Ministry’s N18bn Bush-clearing Contracts   The House of Representatives’ Committee on Public Accounts is investigating the Federal Ministry of Agriculture over the award of contracts worth about N18.9bn to several companies to clear bushes during the COVID-19 lockdown. Chairman of the committee, Oluwole...

Fed Govt To Launch $750m World Bank-backed Programme   The Presidential Enabling Business Environment Council, on Tuesday, unveiled its plans to kickstart a $750m World Bank-funded programme in January next year. This was as Vice President Yemi Osinbajo, on Tuesday, said the kind of business environment Nigeria...