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Federal government borrows N5.5 trillion from pension savings, fails to fulfil funding arrangement

About two years after the Pension Fund Administrators started funding the Pension Protection Fund meant for financing minimum pension payment to retirees under the Contributory Pension Scheme, the Federal Government has yet to fulfil its own side of the funding arrangement.

FAAC disburses N263.28 billion to federal government in February – NBS

The National Bureau of Statistics (NBS), says the Federal Government received a total of N263. 28 billion from the N635.55 billion Federation Account Allocation Committee (FAAC) disbursed to three tiers of government in February.

DAPPMA calls off 14-day ultimatum over N650 billion debt

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called off its 14-day ultimatum earlier given to the Federal Government over N650 billion debt owed its members.

PFAs invest 70 percent of N7.41 trillion pension assets in federal govt securities

Pension Fund Administrators (PFAs) have invested N6.28 trillion out of the N7.41 trillion pension assets in Federal Government’s securities, as at the end of November 2017.

Federal govt, others get N533 billion statutory allocation in November – NBS

The federal government, 36 states and 774 local government received N533 billion from the federation account as statutory allocation funds for November.

FADAMA grooms 7,000 households in Enugu for rice production

The FADAMA programme says no fewer than 7,000 rice producing families in Enugu State have been added to the clusters of rice producers in the state.

Federal govt plans N110 billion bond auction this month

The Federal Government, through the Debt Management Office, is scheduled to hold the last bond auction for the year on December 13, 2017.

IPOB: Ex-Senate president calls for UN investigation

Former President of the Nigerian Senate, Ameh Ebute, has called on the United Nations to commence the process of investigating the activities of the leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu, and members of the organization.

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Sallah: 11 die in Katsina road accident

The Federal Road Safety Corps (FRSC) in Katsina State has confirmed that 11 youth lost their lives in a road accident Sunday night while celebrating Sallah.

WHO: Video gaming addictive like cocaine

Video gaming can be addictive in the same way as cocaine or gambling, the World Health Organization said Monday in a much anticipated update of the International Classification of Diseases (ICD-11).

One killed in Lagos cult clash

A deadly clash by two rival cult groups has resulted to the death of an unidentified man at Alapere in Ketu, near Lagos.

Zamfara Senator Marafa declares governorship ambition

A senator, Kabir Marafa, representing Zamfara Central Senatorial district has declared his intention to vie for the governorship slot in the state.