archiveApril 24, 2016

As a fall out of the states debt repayment deferral for the month of March that was announced last Thursday, the Federal Ministry of Finance has clarified that the debt repayments due to the states’ creditors will be fully paid notwithstanding the deferral. According the Federal Ministry of Finance, the...

Nine Deposit Money Banks (DMBs) in 2015 paid the sum of N71.6bn to the Asset Management Corporation of Nigeria (AMCON) as sinking fund, data gathered by Business247 has shown. Effective January 1, 2011, DMBs in Nigeria were required to contribute 0.3per cent of total assets as at the preceding year...