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  • Legacy Pension pays N18.25bn to 7,542 contributors

    The Managing Director, Legacy Pension Limited, Mr. Misbahu Yola, says the company has paid a total sum of N18.25bn in various benefits to over 7,542 contributors in the last seven years. Yola, who disclosed this while speaking...

    • Posted June 16, 2015
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  • Stakeholders want Judiciary to deepen role in Capital Market development

    Some stakeholders in the nation’s capital market have called on the judiciary to deepen its  role in the development of the market by fast-tracking capital market related cases. They also said judges should not grant unnecessary orders...

    • Posted June 16, 2015
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  • FRCN commends NDIC’s timely rendition of account

    The management of the Nigeria Deposit Insurance Corporation (NDIC) has been commended by the Financial Reporting Council of Nigeria (FRCN) for the corporation’s adherence to the laid down rules on rendition of annual reports. The commendation was...

    • Posted June 15, 2015
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  • Insurance sector assets hit N793.6bn

    The National Insurance Commission said that the total assets of insurance sector rose to N793.6bn at the end of the first quarter of this year. The Director, Supervision, NAICOM, Opara Onwusereaka disclosed this while making a presentation...

    • Posted June 15, 2015
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  • Fresh crisis looms in oil industry – PENGASSAN warns

    The nation’s oil sector will be subjected to a higher level of instability owing to the continued delay in the passage of the Petroleum Industry Bill by the National Assembly, a new report has said. The report...

    • Posted June 15, 2015
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  • Shortage of fund stalls projects at MMIA, PHIA – Official

    Mrs Binta Bello, Permanent Secretary, Ministry of Aviation, said shortage of funds is stalling modernisation projects at Murtala Mohammed International Airport, Lagos, and Port-Harcourt International Airport in Rivers States. Bello said this while speaking newsmen on Sunday...

    • Posted June 15, 2015
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  • CBN boss says mobile money transactions stand at N5bn annually

    Mr Dipo Fatokun, Director, Banking Supervision of the Central Bank of Nigeria (CBN), on Sunday said that the nation’s transactions in mobile money was worth N5 billion annually Fatokun said this while delivering a paper with theme,...

    • Posted June 15, 2015
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  • Cargo delays at airports affecting business – Entrepreneur

    An entrepreneur with interest in the boutique industry has lamented that cargo delays at the nation’s airports is seriously taking tolls on sales. In an interview with Vanguard, Mrs. Olaoti Efughi, the Managing Director/Chief Executive Officer of...

    • Posted June 14, 2015
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  • NNPC clarifies reports on investigation of officials

    The  the Management of the Nigerian National Petroleum Corporation (NNPC) has  denied as concocted and spruced up to cast them in bad light, figures being bandied in an ongoing investigation and dismissed them as unsubstantiated. A statement...

    • Posted June 14, 2015
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  • Osun, Oyo Customs generates N3bn, seize N 113,450,176 goods

    The Area Customs Comptroller for Osun and Oyo Command, Mohammed Sulaiman Bawa friday revealed that the Command Revenue Figure generated between March and May this year, stood at 3,651,706,440.44. He also noted that Anti-smuggling numbers of seizures...

    • Posted June 14, 2015
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  • CBN adjusts naira peg, now $196.90/$1 at interbank again

    The Central Bank of Nigeria (CBN) once more adjusted its exchange rate peg to N196.90 to a dollar at the interbank market, from the N196.95/$1 set last week. Dealers said the central bank had sold dollars to...

    • Posted June 13, 2015
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  • CBN, banks set August 1 to publish serial debtors’ list

    The Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs) in the country on Thursday resolved to publish the identities of all serial debtors to the financial industry by August 1, 2015. It is estimated that...

    • Posted June 13, 2015
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  • Inflation rises to 9% – NBS

    The National Bureau of Statistics on Thursday released the Consumer Price Index for the month of May, stating that inflation in the country rose by 0.3 percentage points from 8.7 per cent recorded in April to nine...

    • Posted June 13, 2015
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  • FG to unveil fresh standards, guidelines for ICT operators July

    The Director General of the National Information Technology Development Agency (NITDA), Mr. Peter Jack, on Thursday stated that arrangement had been concluded to unveil 29 new standards, guidelines and regulations for all Information Communications and Technology (ICT)...

    • Posted June 13, 2015
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