IMF, World Bank Partner On $5.2bn To Support Ukraine   The International Monetary Fund (IMF) and World Bank Group have announced they will respond to Ukraine’s request for urgent financing with about $5.2bn cumulatively. They disclosed this in a joint statement titled, ‘Joint IMF-World Bank Group statement...

Russia-Ukraine: FG Approves $8.5m To Evacuate Stranded Nigerians   The federal government has approved the release of $8.5 million for the evacuation of Nigerians stranded in Ukraine. To this end, President Muhammadu Buhari has directed that the sum be released to the Ministry of Humanitarian Affairs, Disaster...

Four Months After Launch, Major Vendors Shun eNaira   Despite the high expectations and hype around the Central Bank of Nigeria’s digital currency- the eNaira- major retailers and vendors in the country are yet to adopt it over four months after launch. Following months of publicity by...

TETFUND : N12bn spent on training Nigerian researchers in 2021 Tertiary Education Trust Fund (TETFUND) announced that it had spent N12 billion on training researchers across twelve universities in Nigeria by 2021. This falls within the agency's mandate to support the country's educational sector. Kashim Imam,...

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...