All posts by Ifreke Inyang

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  ARM Pensions Fund hits N340billion

  ARM Pensions Limited, a Pension Fund Administrators (PFAs) has grown its funds under management by 28 per cent to N340 billion in the 10 months period ending December 2013. The company also witnessed growth in its subscriber...

  • Posted June 4, 2014
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  Government to introduce airports development charges

  The Federal Ministry of Aviation on Monday announced plans to introduce airport development charges in all the nation’s airports in a bid to clear a debt of over N174bn. This was disclosed by the Supervising Minister of...

  • Posted June 4, 2014
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  FG wasted N1.6tn on 600 public enterprises – BPE

  The Federal Government on Monday said its investment of N1.6tn over the years in 600 public enterprises was a drain on the public treasury. The Director-General, Bureau of Enterprises, Mr. Benjamin Dikki, said this while speaking to...

  • Posted June 4, 2014
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  FIRS to improve revenue from VAT collections

  The Federal Inland Revenue Service says it has begun moves to improve its revenue collection from Value Added Tax especially in the financial services sector. The Acting Executive Chairman, FIRS, Alhaji Kabir Mashi, said this at the...

  • Posted June 4, 2014
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  AMCON opposes Cecilia Ibru’s suit to recover assets

  The Asset Management Corporation of Nigeria has asked a Federal High Court in Abuja to dismiss a suit by a former Managing Director of the defunct Oceanic Bank Plc, Mrs. Cecilia Ibru, seeking to regain the assets...

  • Posted June 4, 2014
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  Nigeria needs N60tn for housing – Minister

  The supervising Minister of Science and Technology, Mrs. Omobola Johnson, has announced that a cheap alternative to cement was being developed to meet Nigeria’s 17 million housing deficit estimated to cost N59.5 trillion. She stated this yesterday...

  • Posted June 4, 2014
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  GTBank launches e-Commerce portal for SMEs

  Guaranty Trust Bank Plc (GTBank) has launched an e-commerce portal for small and medium scale enterprises (SMEs) in the country.  The portal tagged “The SME MarketHub” was unveiled in Lagos at the weekend. The e-commerce and business...

  • Posted June 3, 2014
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  CBN auctions N200bn treasury bills

  The Central Bank of Nigeria (CBN) last week sold treasury bills worth N200 billion through its Open Market Operations (OMO) instrument. In fact, the central bank continued to mop up liquidity with the issuance of OMO bills...

  • Posted June 3, 2014
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  External reserves fall by $11.3bn

  The nation’s external reserves have fallen by $11.3bn from $48.4bn in May last year to $37.1bn as of May 27 this year, representing a 23.3 per cent drop. The foreign reserves also declined by 2.62 per cent...

  • Posted June 3, 2014
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  Stock market soars by N13.4tn in 15 years under civilian government

  The return to civilian rule in 1999 boosted the growth of the Nigerian stock market as its capitalisation soared by N13.473 trillion during the last 15 years of democracy, THISDAY checks have revealed. After years of military...

  • Posted June 3, 2014
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