PenCom Okays N19.85bn For 6,006 Retirees In Q2       The National Pension Commission has said it approved N19.85bn as lump sum payment for 6,006 retirees in the second quarter of 2020. PenCOM disclosed this in its second-quarter report for 2020 financial period. According to the commission, the pensioners...

Despite Abundant Gas, Nigeria Imports 71% Of LPG Consumed In One Month – PPPRA       Despite abundance of gas in Nigeria, 71.35 per cent of the Liquefied Petroleum Gas, LPG, also known as cooking gas, consumed in the country in the month of August 2020 were...

Electricity Tariff Subsidy Gulped N540bn, Must Stop — NERC       The Nigerian Electricity Regulatory Commission has said the Federal Government spent N540bn subsidising electricity in 2019, stressing the need to put an end to subsidy. According to the commission, the amount spent on electricity subsidy should be...

NSE: Investors Gain N350bn As Market Cap Hits N14trn       Activities on the floor of the Nigerian Stock Exchange closed last week on the positive trajectory as the NSE All-Share Index appreciated by 2.53 per cent to the close the week at 26,985.77. Similarly, market capitalisation appreciated...

'Meter Import Waiver Puts Manufacturers At Risk'       The recent approval by the Federal Government of a waiver of the import levy on meters will put local manufacturers in jeopardy, Mojec International Limited has said. The Nigerian Electricity Regulatory Commission had announced in August that the President...

Fed Govt, Others Share N5.3trn In 8 Months       The Federal Government, 36 states and the 774 local governments of the federation as well revenue generating agencies of the Federal Government shared a total of N5.3 trillion as statutory allocation in eight months, from January to...