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Month: May 2018

FOREX: CBN’s Emefiele Pays Surprise Visit To Banks To Monitor FX Sales

Governor of Central Bank of Nigeria, Godwin Emefiele, on Monday paid a surprised visit to First Bank, UBA and Zenith banks offices in Abuja to inspect sales of foreign currencies to customers. He said that the visit was to ascertain banks compliance with the new directive by the CBN to sell foreign currencies to all […]

At Stanbic IBTC Pension Managers’ Forum, New PENCOM Initiatives Dominate

Stanbic IBTC Pension Managers Limited has said the micro pension scheme, multi-fund investment structure and Pension account transfer window, were among initiatives capable of putting the sector in stronger footing going forward; the company  said this while describing measures taken by the National Pension Commission (PENCOM) to sustain growth of the Nigerian pension industry as appropriate. Stanbic […]

Stanbic IBTC Pensions Pays N66.5 Billion Settlement, Asset Reaches Over N2.53 Trillion

Stanbic IBTC Pension Managers, has said it is adopting most strategic initiatives provided by new industry frameworks to strengthen its leadership in the pension industry. The company said it will take advantage of multi fund structure scheduled to take off this July as well as the micro pension initiative being perfected by the National Pension […]

PenCom: Pension Assets Rises From N7.779 trillion to N8 trillion.

The National Pension Commission, PenCom has disclosed that the Nigeria’s pension contributions has taken a significant leap from N7.779 trillion in March 2018 to N8 trillion. The Head of Research and Corporate Strategy Department at PenCom, Dr. Farouk Aminu, who disclosed this on a television programme, noted that the pension funds have continued to grow […]

Spain Rescues Over 400 Migrants In Mediterranean

Spain’s maritime rescue service said Sunday it had rescued 408 migrants who were attempting the perilous crossing of the Mediterranean Sea from north Africa this weekend. The service said its rescue boats intercepted 115 migrants travelling in five small boats in the Strait of Gibraltar on Sunday, a day after it pulled 293 migrants from […]

SAHCOL Calls for FG’s Intervention in Ground Handling Business

  Mr. Basil Agboarumi, the Acting Managing Director of Skyway Aviation Handling Company Limited (SAHCOL), has decried ground handling rates charged by aviation ground handling firms. He called on the Federal government to initiate policies that will improve ground handling business in Nigeria. Agboarumi who spoke at an interactive forum with aviation journalists at the […]

ICPC to Arraign Masari Over N184.5m Alleged Contract Fraud

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), has filed a 27- count charge before an FCT High Court against Alhaji Bature Umar Masari, former Director-General of Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN) over alleged fraudulent award of constituency projects contracts worth N184.5m. Alhaji Masari awarded the specialised entrepreneurship […]

AFRICMIL commends court for voiding Jibrin’s suspension

The African Centre for Media and Information Literacy (AFRICMIL) has commended the court judgment nullifying the suspension of a member of House of Representatives, Abdulmumin Jibrin. The court also ordered that all the salaries due to him be paid for the period he was suspended. AFRICMIL described the judgment handed down May 24 by Justice […]

Shell: “We’re active in Delta State,”

  L-R: Head, Government and Community Relations, The Shell Petroleum Development Company of Nigeria Limited, Alaye Dokubo; Head Community Interface, Evans Krukrubo; and Community Interface Coordinator, Jerry-Gaultney Udjo, at the media presentation of the 2018 Shell Nigeria Briefing Notes to Journalists in Warri, Delta State… on Thursday. L-R: Chairman Warri Correspondents Chapel of the Nigeria […]

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