Finance

184,979 retirees benefit from pensions scheme – PenCom

The National Pension Commission on Saturday said no fewer than 184,979 retirees benefited from Contributory Pensions Scheme.

PenCom queries bill on paramilitary pension scheme

The National Pension Commission (PenCom) has kicked against the bill seeking to exclude paramilitary organisations including the police from the Contributory Pension Scheme (CPS).

13 millionaires emerge as Diamond Bank raffle draws

Diamond Bank Plc has created additional 13 millionaires in its daily extraordinary draws across the six geopolitical zones of Nigeria’s economy.

Fraud places Union Bank in serious financial jeopardy

However, according to insiders, the bank is exposed to litigation issues that could see it in serious financial trouble in the future as events unfold in the courtroom.

Afreximbank opens shareholding to investing public

Supranational trade finance bank, African Export-Import Bank (Afreximbank), says it is opening its shareholding to the investing public with a 300 million dollars equity offering through the issuance of depositary receipts.

Foreign reserves reach $31.22bn, first time in 2 years

Nigeria’s foreign exchange reserves rose to $31.22 billion, data from the Central Bank of Nigeria, CBN, have shown.

Naira sustains gain at parallel market

The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday.

Naira sustains gain at parallel market

The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday.

Naira stabilises after crash at parallel market

The Naira on Tuesday exchanged in the parallel market at N366, same rate it closed on Monday.

Central bank’s forex injections boost confidence in economy – Analysts

“About 57per cent of the total foreign capital inflows into the Nigerian economy between January and May 2017 was recorded in April 2017 and May 2017 following the commencement of the I&E window on April 24, 2017,” they stated.

Foreign reserves rose by $554.7m in July – CBN

The Central Bank of Nigeria (CBN) has disclosed that foreign reserves appreciated by $554.7 million or 1.8 per cent in July, to bring the year till date growth to 19.3 per cent.

Ogun tackles fed govt on VAT remittance, computation

The Ogun State government has asked the Federal Government to accord it the deserved recognition regarding the state of Value Added Tax being generated in the state compared to other states.

Fed govt seeks out-of-court settlement with 7 banks over TSA

The Federal Government has filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the remittance of the sum of $793.2 million allegedly hidden with them in contravention of the Treasury Single Account policy.

Naira in circulation drops by 5.6% to N1.77trn – Central bank

The Central Bank of Nigeria (CBN) has disclosed that Naira currency in circulation dropped by 5.6 per cent to N1.77 trillion in July 2017.

Naira crashes against dollar, other currencies

The Naira, yesterday, crashed in the parallel market, Investors and Exporters (I&E) window.

Central bank releases $425m trapped funds to foreign airlines

The IATA representative noted that this situation had forced many airlines in the past to terminate their operations into Nigeria due to non-remittance of their money for sale of tickets.

Nigerians may access SME loans with movable assets – Saraki

The President of the Senate, Bukola Saraki, has stated that the inability to access finance, inadequate power supply and the underdeveloped transport systems are major factors hindering millions of productive but unemployed and underemployed youths from starting small businesses.

Sovereign Wealth Fund contributors to reap dividends from 2018

The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Uche Orji, said on Monday that contributors to the Sovereign Wealth Fund will be eligible to dividends from 2018.

Recent Stories

Ambassador Irele: French businesses were scared of visiting Nigeria

Nigerian Ambassador to France, Modupe Irele, has revealed that French companies were scared of visiting Nigeria to trade, invest or simply set up shop.
Nigerian High Commissioner to Ghana, Olufemi Abikoye, has expressed the Commission’s readiness to collaborate with Ghana Economic and Organized Crime Office, EOCO, on issues related to money laundering and cyber-crimes.

Nigerian envoy slams Ghanaian media for demonising Nigeria

The High Commission of Nigeria in Ghana has denounced the selective malignment of Nigerians resident in that country by the media.

Gani Adams: It’s time to flush out kidnappers, armed robbers, out of Yorubaland

Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, on Thursday said the time has come to halt the unlawful activities of cultists, kidnappers, bandits and the rampaging herdsmen that have been terrorising Yorubaland.
Boko Haram

Renewed Boko Haram attacks fuel new displacement in Borno

Renewed attacks on some communities by Boko Haram insurgents have fuelled new displacement of persons in Borno, the state emergency management agency (SEMA) has said.

Court adjourns Senator Kashamu’s extradition suit

The Federal High Court in Abuja on Thursday adjourned to June 27 for hearing in a suit filed by a former senator for Ogun East district, Buruji Kashamu.