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The National Pension Commission (PenCom) has revoked the operating licences of Citi Trust Pension Managers Limited and IGI Pension Fund Managers Limited over their inability to meet the new minimum capitalisation of N1 billion required to operate as a ...
The Naira fell against the United States’ dollar on the interbank market yesterday on strong dollar demand, erasing gains made after central bank took measures to strengthen the currency. The naira closed at N160.80 to the dollar on the interbank...
Globacom, has introduced a special promotion which offers subscribers up to 77 per cent reduction in charges for roaming in the United Kingdom. The promotion, called “Summer Olympics Promo”, is targeted at Glo Nigerian prepaid subscribers w...
Transactions on the Nigerian Stock Exchange (NSE) closed positively on Friday as stocks of highly capitalised companies recorded price gain. The News Agency of Nigeria (NAN) reports that the All- Share Index at the end of trading appreciated by 176.21 ...
The Nigerian Stock Exchange (NSE) on Thursday recorded a downward trend for the third consecutive day following slight price losses by some blue chips, dropping marginally by 0.05 per cent. The News Agency of Nigeria (NAN) reports that the All-Share In...
The Aviation Minister, Princess Stella Oduah has said her ministry accessed $60 million from the Bilateral Air Services Agreement (BASA) Fund to form part of the fund utilised in refurbishing the 11 airports in the country, which she said is over 90 pe...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Engr. Andrew Yakubu, has said that the Data Centre unveiled by the Corporation yesterday would help eliminate the prevalent duplication of efforts across the various Stra...
The Federal Government yesterday announced the appointment of Mr. Habibu Abdullahi as the new Managing Director of the Nigerian Ports Authority (NPA) replacing Engr. Omar Suleiman who has been relieved of his appointment. Abdullahi’s appointment ...
Equity trading on the Nigerian Stock Exchange continued on a bearish note yesterday, as more investors sold their holdings to take profit from the gains recorded in the previous days. Losses recorded in blue chips companies dragged the All-Share index ...
Although Africa is experiencing increased growth in trade and investment, the continent should broaden its tax base to create sustainable revenue collection, says Logan Wort of the African Tax Administration Forum (ATAF). Speaking at the ATAF meeting o...
Equity transaction plummeted yesterday with the twin market indicators on the Nigerian Stock Exchange (NSE), falling by 0.91 per cent. A review of the day’s transaction showed that, highly capitalised stocks comprising of 16 companies recorded pr...
Unity Bank Plc has begun implementation of a programme of workforce reinvigoration aimed at raising productivity and competitive position in the financial industry. With the implementation of the programme, the bank has announced staff promotions, reti...
The World Bank has concluded plans to provide a $200 million seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative, as part of measures to address infrastructure deficit in the country. Acc...
The National Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to, as a matter of urgency, repair all national roads and put in shape the four refineries, insisting that it would embark on strike if government fai...
The Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala has said that the Presidency is going to work with the figure of N422 billion as the actual amount that was fraudulently spent on petroleum subsidy as against the...