Fed Govt Pays N405bn Interest On CBN Loans   The Federal Government paid an interest of N405.93bn from January 2022 to April 2022 on the loans it got from the Central Bank of Nigeria through the Ways and Means Advances. This is according to data obtained from...

FG Says 1.9m Vulnerable Nigerians’ll Get N38bn Grants   More than 1.9 million vulnerable Nigerians are to benefit from about N38bn being disbursed as grants of N20,000 each to beneficiaries under the Grant for Vulnerable Groups programme of the Federal Government. Data released in Abuja on Friday...

NDLEA Seized Over N130bn Worth Of Drugs In 17 Months   The National Drug Law Enforcement Agency (NDLEA) says that between January 2021 to May 2022, the agency has seized over 3.5million kilograms of hard drugs. The Director, Media and Advocacy, NDLEA, Femi Babafemi, in an exclusive...

DisCos Blame FG On Failed N100bn Subsidy After Privatisation   The Association of Nigerian Electricity Distributors (ANED) has blamed the federal government for failing to provide a N100 billion fund and other promises after the 2013 privatisation to ensure the Distribution Companies (DisCos) improve services. According to...

External Reserves Increased By $45.3m In July   Nigeria’s external reserves added $45.3million in July, according to movement in reserves data released by the Central Bank of Nigeria (CBN). The foreign exchange buffer as of July 28, 2022, moved to $39.22billion from $39.17billion it commenced the month...

Pension Assets Rise By N842.73bn In H1, 2022 Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit N14.27tn as of the end of June. Figures obtained from the National Pension Commission on its ‘Unaudited report on pension funds...