Sarah NEGEDU

Federation revenue drops by N107.1bn in July

Despite the increase in the volume of crude oil export in July 2018, government revenue dropped significantly by N107.1billion in the period resulting in the distribution of N714.8billion among the three tiers of government.

The Minister of Finance, Mrs. Kemi Adeosun, who confirmed this after t [...]

Sat, 01 September 2018


NIRSAL unveils improved insurance cover for farmers

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, has developed a new insurance product aimed at safeguarding farmers against risks along the agricultural value chain.

The new product, the agency says is an improvement on its pioneering Area Yield Index Insurance [...]

Mon, 20 August 2018


Summer holidays and vocational learning

 

 

 

The 2017/2018 academic session has come to an end in schools across Nigeria, consequently signaling the beginning of an extensive holiday that usually last between eight to ten weeks.

Many parents have however come to dr [...]

Sun, 12 August 2018


CBN injects fresh $210m in forex market

The Central Bank of Nigeria, CBN, has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market.

The CBN Acting Director of Corporate Communications, Mr Isaac Okoroafor in a statemen, said that $100 million was o [...]

Sun, 12 August 2018


Pension assets hits N8.23trn

Nigeria’s pension asset has risen to N8.23trillion as contributors to the Contributory Pension Scheme grew by 312,291 at the end of the second quarter of 2018.

Figures from the National Pension Commission, PenCom, suggest that that the number of contributors into the scheme rose from 7.89 [...]

Sun, 12 August 2018


NIRSAL facilitates $375m agric loan from banks

Management of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, said the agency has facilitated a total of $375million from commercial banks for the agricultural sector since it was incorporated in 2013.

The Managing Director, NIRSAL, Aliyu Abdulhameed, gave the [...]

Sun, 12 August 2018


NSIA grows NBET’s investment fund by $67.4m in 4years

The Nigeria Sovereign Investment Authority, NSIA, said it has paid a total sum of $417.46 million to the Nigeria Bulk Energy Trading Company from an initial capital of $350million, following the expiry of the four years investment term.

A statement from the agency explained that the returned fu [...]

Sun, 12 August 2018


Discos rake in N2trn annually from estimated billing’

Electricity consumers under the aegis of the Association for Public Policy Analysis, APPA, have accused electricity distribution companies, DisCos, of fleecing consumers through unfair estimated bills.

The association was responding to the recent disclosure of the DisCos that they are running a [...]

Sun, 12 August 2018


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Latest posts

Photo2019: Group rallies for peace nationwide

The Goodwill Ambassadors of Nigeria is set to commence a nationwide rally for peace and tolerance ahead of the 2019 general elections.

The r [...]

14 September 2018

Photo2019: Group rallies for peace nationwide

The Goodwill Ambassadors of Nigeria is set to commence a nationwide rally for peace and tolerance ahead of the 2019 general elections.

The r [...]

14 September 2018