Discos Remit Only N265.03bn of N519.77bn Invoices To NBET In Six Months   Electricity Distribution Companies (Discos) only managed to remit N265.03 billion of the expected N519.77 billion to the Nigerian Bulk Electricity Trading Company (NBET) in the first six months of 2021. Data from the Nigerian...

Customs, Immigration, 13 Others Fail To Remit N127.1bn – Audit Report   The Office of the Auditor General of the Federation has disclosed that 15 Ministries, Departments, and Agencies failed to remit N127.13bn revenue to the Consolidated Revenue Fund between 2017 and 2019. The OAuGF made this...

Banks’ll Increase Credit To Economy In 2022 - CBN   The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector will increase access to finance and credit for households in 2022. Emefiele said this recently in Lagos, according to a statement on...

Nigeria’s Inflation Rate May Be Among World’s Highest In 2022 – W/Bank   The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households. According to the World Bank, Nigeria is projected...

In Nine Months, Pension Contributors Rose By 245,385 – PenCom   The number of workers with pension accounts under the Contributory Pension Scheme rose by 245,385 in nine months to 9,461,173. The latest data obtained from the National Pension Commission on ‘Total RSA registrations as at 30...

External Reserves Gained $5.12bn In 2021 On Eurobond Debt, IMF Fund, Others   The country’s external reserves rose by $5.12bn in 2021, according to the data obtained from the Central Bank of Nigeria. The CBN revealed that the reserves, which ended December 2020 at $35.37bn, rose to...