By Leah Katung-Babatunde Updates on the Excess Crude Account (ECA) have not been made available throughout Q4, 2024. The balance in the ECA which froze at $473,754.57 was last made public September 2024 Federation Accounts Allocation Committee
By Leah Katung-Babatunde The Contributory Pension Scheme (CPS) has recorded 10.53 million registered contributors and boasts of pension fund assets of N21.92 trillion as of October 2024; it is targeted to exceed N22 trillion in 2024, a reflection of the unwavering commitment to fund safety,
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted claims that it has halted the supply of gas to power generating companies (GENCOs). MNDPRA in a statement Wednesday said its attention had been drawn to a news publication with
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy & Tax Reforms Committee has asked the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to join the ongoing effort including consultation with key stakeholders to arrive at a generally acceptable outcome of
The Federal Government of Nigeria has directed all Ministries, Departments and Agencies (MDAs) of Government to comply with the National Policy on Public Private Partnerships (N4P) of the Infrastructure Concession Regulatory Commission (ICRC) in conducting any form of Public
The National Pension Commission (PenCom) has announce the release of ₦44 Billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriation for the period January to June. PenCom in a
The Ex-service Men and Family Welfare Association of Nigeria has asked the government to pay all their pension arrears and other entitlements. Retired Master Warrant Officer Anthony Gbaja Agbas, president of the Welfare Association made the call during a peaceful
The National Pension Commission (PenCom) has lifted the restriction on Licenced Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). PenCom in a circular said the decision seeks to facilitate capital raising and ensure continued market
Developing countries spent a record $1.4 trillion to service their foreign debt as their interest costs climbed to a 20-year high in 2023, this is according to the World Bank’s latest International Debt Report shows. Interest payments surged by nearly a third
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have agreed to partner to implement insurance provisions for assets under public-private partnership arrangements, as outlined in the law. This was discussed during a courtesy visit of the
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