CBN Disbursements On 3.1m Projects Rise To N6.01trn         The Central Bank of Nigeria’s financial disbursements on about 3.1 million projects have risen to N6.01tn, the apex bank has said. It was learnt that the over three million projects were financed through 29 interventions, while the bank...

Economists Advocate Islamic Finance to Project Fundings     The Federal Government has been advised to formulate a policy and introduce programmes that will leverage revenue of Sukuk and ensure self funding projects to free government resources for other purposes. Participants of a Five Day International Workshop and...

FEC Approves N59.35bn For Aviation, Roads Projects         The Federal Executive Council (FEC) on Wednesday approved N59.350 billion for roads and aviation projects across the country. Three ministers – Babatunde Fashola (Works and Housing), Alhaji Lai Mohammed (Information and Culture), on behalf of Senator Hadi Sirika (Aviation)...

Pension Fund Assets Now N11.56trn         The total value of pension fund assets rose to N11.56 trillion by the third quarter ended September 30, 2020. Third quarter report of the National Pension Commission (Pencom) released at the weekend showed that about three-quarters of the total pension assets...

Whistle-Blower: President Buhari Reinstates Maryam Danna after four Years of Wrongful Retirement President Muhammadu Buhari has approved the immediate reinstatement of Mrs Maryam Danna who was illegally retired in 2016 by the Federal Government. In a letter of reinstatement signed by the Secretary to the Government...

Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC       The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity. It said Nigerian geologists were spearheading efforts in the discovery of the commodity in...