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

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Tribunal: I have not been certified – Atiku Abubakar’s data analyst

Petitioners’ Witness 60, Joseph Gbenga, called by Peoples Democratic Party and its presidential candidate, Alhaji Atiku Abubakar, as an expert witness admitted before the Presidential Election Petitioner Tribunal, on Friday, that he had not been certified.
Justice Darius Khobo of Kaduna State High Court, on Thursday, adjourned hearing in the application for permission to travel to India for medical attention filed by Ibrahim El-Zakzaky and his wife, Zinat, to July 29.

Presidency: Court will decide Ibraheem El Zakzaky’s fate

The Presidency has enjoined El-Zakzaky-led Shiite members to desist from needless violent street protests and await the decision of the court in Kaduna where their leader is currently being tried.

Governor Masari pushes for collective dialogue with bandits in North-West

Gov. Aminu Masari of Katsina State says, for dialogue and amnesty programme for cattle rustlers and bandits in the Northwest to succeed, it must involve all state governments in the zone.

Tailor arrested over alleged N1.48 million fraud

A 47-year-old tailor, Popoola Abolade, was on Friday brought before a Yaba Magistrates’ Court in Lagos, for allegedly defrauding a company of N1.48 million.
All Progressives Congress (APC) Nigeria

Kogi guber: APC stakeholders drag NWC to court

The All Progressives Congress (APC) stakeholders Kogi State chapter, have taken legal action against the party’s National Working Committee (NWC) over the indirect mode of primaries adopted by the national leadership for the election of candidates for the November 16 Kogi State governorship poll.