TG Arla Foods donates N150 million to COVID-19 intervention fund
In line with its commitment to the health and well-being of Nigerians, especially during this challenging period of the COVID-19, TG Arla Foods Nigeria Limited, makers of Dano Milk brands
Partnership with financial sector targeted at improved access to cheap funds, says MAN
The Manufacturers Association of Nigeria (MAN) has announced plans to partner stakeholders in the financial services sector to bring down the cost of funds to manufacturers and Small and Medium Enterprises (SMEs)
‘Deploy 50% EFCC recovered funds to housing’
The Nigerian Institution of Estate Surveyors and Valuers has advised the federal government to channel at least 50 per cent of all recovered funds by the Economic and Financial Crimes Commission (EFCC), towards the provision of affordable housing in states of the country.
Senate moves to stop spending IDPs funds on agencies’ officials
The Senate yesterday resolved to henceforth engage donor agencies that give humanitarian assistance to Internally Displaced Persons (IDP) in the country to make commitments to accountability on their donations.
NAHCON cautions officials against diverting pilgrims’ funds
The National Hajj Commission of Nigeria (NAHCON), yesterday, warned state pilgrims welfare boards to refrain from diverting pilgrims’ funds to cater for government-sponsored pilgrims. The commission also denied leaving behind any state pilgrims that paid for 2018 hajj exercise in Nigeria. The Guardian gathered that some pilgrims, particularly those from tour agencies, might not be…
Trustfund cautions employers against non-remittance of pension funds
Trustfund Pensions Limited has cautioned employers against non-remittance of deducted pension funds to Pension Fund Administrators (PFAs). Speaking at the 2018 retirees’ forum in Abuja, Head Customer Relationship Management of Trustfund Pensions, Mrs Emuesiri Oshodi said the National Pension Commission (Pencom) has raised a team to ensure compliance and sanction defaulting employers. She said: “For…
$408m Internet access funds idle in Nigeria, others
About $408 million expected to help Nigeria, and other sub-Saharan African (SSA) countries expand Internet access and reach on the Continent, is said to be lying idle. The fund is otherwise known as Universal Service and Access Funds (USAFs). USAFs are communal public funds dedicated to expanding Internet connectivity and access opportunities for the populations…
Nigeria to reduce domestic borrowing for more corporates to raise funds
The problem associated with government crowding out funds from the local market may soon become a thing of the past, as the Director -General, Debt Management Office, Patience Oniha disclosed that the ratio of external borrowing to domestic in the next five years is expected to be at 60 per cent to 40 per cent.…
CBN resumes power sector intervention, disburses N55b to operators
He noted that vandalisation oil pipelines has not helped government, but worse for the communities where such sabotage continues to increase pollution level and impacting negatively on government revenues.
‘Metuh queried PDP source of campaign funds’
The witness narrated how Metuh made attempts to find out from the former National Security Adviser (NSA) Sambo Dasuki, if the funds transferred to his account were from his office.