PENCOM: Pension asset rose to N20.87trn in 2024

PENCOM: Pension asset rose to N20.87trn in 2024

Barbara Bako, Abuja. The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has revealed that, the pension fund assets have consistently increased since the inception of the Contributory Pension Scheme (CPS), amounting to N20.87 trillion as of July 2024. According to Ms. Oloworaran, this increase was achieved under PenCom’s management, marking a…

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FAAC disburses N1.2tn to Federal, States and LGCs

FAAC disburses N1.2tn to Federal, States and LGCs

Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.203 trillion from the August 2024 Federation Account Revenue to the Federal, States, and Local Governments. The revenue distribution was announced at the September 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1.203 trillion total distributable revenue…

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Trucks begin PMS loading at Dangote refinery

Trucks begin PMS loading at Dangote refinery

A fleet of trucks on sunday began lifting off (PMS) Premium Motor Spirit also known as petrol from the Dangote Refinery at Ibeju-Lekki, Lagos state, marking the start of its fuel distribution to meet local and international demand. Some of the trucks belonging to the Nigerian National Petroleum Corporation Limited, were seen in videos posted…

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