PTAD Gets £26.5m Repatriated Pension Funds From UK
The Pension Transitional Arrangement Directorate on Tuesday announced that it had received the sum of £26,505,862.97 repatriated from the United Kingdom.
It said the pension funds had hitherto been under investment with Crown Agents Investment Management Limited in the...
Microfinance Banks’ Total Assets Rise To N1.01trn
The total assets of the microfinance banks rose by N251.02bn from N758.98bn as of the end of July 2020 to N1.01tn as of the end of December 2020 as the firms moved to achieve their recapitalisation requirements.
This was...
Senate Passes N329.96bn As Statutory Budget For FCT
The Senate on Tuesday approved N329.96bn as statutory budget for the Federal Capital Territory for the year 2021.
The passage followed the consideration of the report of the Committee on Federal Capital Territory on the FCT Appropriation Bill,...
Shipment: FG Loses N5bn Revenue To Importers Through Wrong Declaration
The federal government has been advised to return the Standard Organization of Nigeria, (SON) to the ports in a bid to ascertain the difference between raw materials and finished goods imported into the country under...
RMAFC Plans Review Of Revenue Sharing Formula
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, has said that the commission has completed plans to begin the review of the nation’s revenue sharing formula.
He added that the review of remuneration for political...
Reps Fault Banks, Begins Probe Of $30bn Revenue
The House of Representatives’ Joint Committee on Finance, Banking and Currency has begun an investigation of the leakages amounting to $30bn annually in the transfer of funds to execute international contracts, interbank transfers, among others.
At its inaugural...
