FG Releases N31.97bn For Retirees’ Accrued Pension Rights     The Federal Government has released another N31.97bn for the payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies. PenCom, in a statement on Thursday titled ‘Federal government releases funds for payment of accrued...

Buhari, Experts Disagree On Borrowings As Debt Servicing Gulps 76% Of Revenue   The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November 2021. This sum represents 76.2 per cent of the N5.51tn revenue generated during the period under review. The...

Nigerians To Pay VAT For Digital Services, Says Finance minister   Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital services in the country to collect and remit Value Added Tax to...

Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession   The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to 23 companies the Nigerian Ports...

Bank Of Agric Distressed Over Bad Loans, Others – Auditor Ceneral   The Office of the Auditor-General of the Federation has said the Bank of Agriculture may have become distressed as a result of its inability to meet its obligations and provide meaningful service to the...

Osinbajo, Panel To Meet NLC Over Subsidy Removal, Transport Palliative   The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government is determined to remove subsidy on Premium Motor Spirit, commonly known as petrol. She also said a panel chaired by Vice President...