N2.55bn Unremitted Pensions Recovered in 2021 - PenCom The National Pension Commission has announced the recovery of N2.55bn pensions deducted by employers from employees’ monthly emoluments in 2021 but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Data obtained from PenCom’s...

To Raise $200 BN For Non-oil Exporters; CBN Unveils Plan The Central Bank of Nigeria has unveiled plans where exporters can benefit N65 for every dollar of Non-Oil export proceed sold from its RT200 FX Programme which aims to raise $200 billion in Foreign Exchange...

N12.95m Bribe: World Bank Suspends Nigerian Firm, MD The World Bank has sanctioned a Nigerian consultancy company, AIM Consultants Limited, and its Managing Director, Amin Moussalli, for alleged bribery and corruption. The firm was involved in the Nigeria Erosion and Watershed Management Project. It was sanctioned for...

$1.04bn Spent on Fuel Imports in 2021 - CBN The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in 2020. This is  according to data from the Central Bank of Nigeria (CBN). As the country’s...

NBS Confirms Date for Rebasing GDP, CPI  The Statistician-General of the Federation, Mr Simon Harry, has said processes are ongoing to rebase the nation’s Consumer Price Index (CPI) which measures inflation rate by the end of 2022. He made the disclosure on Thursday in Akwanga, Nasarawa...

JUST IN: FAAC: FG, States, LGS Share N574.668bn for January  The Federation Accounts Allocation Committee (FAAC) has shared a total of N574.668 billion January 2022  Federation Account Revenue to the Federal Government, States and Local Government Councils.    This was contained in a communiqué issued on Thursday at...