N796bn Investors’ Losses In May Extends Into June       Insecurity in the country and other macroeconomic challenges, coupled with uncertainty in the global economy, may continue to take a toll on the Nigerian Exchange Limited (NGX), as investors, having lost N796 billion in May, might experience...

FG Okays N14.8bn Workers’ Insurance Cover, COVID-19 Oxygen Plants         The Federal Executive Council presided over by President Muhammadu Buhari has approved the disbursement of N9.2bn as premium for insurance companies who will manage group life insurance coverage for federal civil servants. The Minister of Information and...

Fed Govt Receives 75 Bids For Road Concession     A total of 75 firms have submitted bids to serve as concessionaires for 12 federal roads that are mapped out for concession by the Federal Government. Bid documents submitted by the companies as well as the names of...

Senate To DPR: Clamp Down On Illegal Cooking Gas Retailers       The Senate on Tuesday urged the Department of Petroleum Resources (DPR) to clamp down on illegal roadside retailers of Liquefied Petroleum Gas (LPG), popularly called cooking gas. It said such retailers should include those who either...

PFAs Invest N8.3trn In FGN Securities       Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021. According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021,...

Fed Govt Urges MDAs To Attract Foreign Investments       The Minister of Finance, Budget and National Planning, Zainab Ahmed has said it is important for government agencies to be committed to the pursuit of the earmarked 40 deliverables. She stated that attainment of these deliverables would guarantee...