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archiveJune 4, 2016

LABOUR

FG orders banks to suspend staff retrenchment

The Federal Government has directed banks, insurance and financial institutions to suspend the on-going retrenchment in the sector. The Minister of Labour and Employment, Dr Chris Ngige in a statement he signed in Abuja on Friday and made available to newsmen. The minister in the statement said:  "following spate of...
CAPITAL MARKET

Market records N435bn value erosion

Investors in equities on the Nigerian Stock Exchange (NSE) recorded a value depreciation of N435 billion in the four-day trading week as the Market Capitalization which opened the week at N9.926 trillion depreciated by 4.39 per cent to close N9.491 trillion even as All-Share Index closed at 27,634.42. It was...
BREAKING NEWSTOP STORY

Stolen fund: FG recovers N126bn

  Oluwaseye Tokede The Federal Government said it has recovered more than N126.5 billion ($10.3bn) in looted cash and assets between May 29, 2015 and May 25, 2016. The Minister of Information and Culture, Alhaji Lai Mohammed, revealed this in a press statement on Saturday. He disclosed that government was...
PENSION

Lagos pays 275 retirees N1bn pension

By ABDUL OLALEKAN 275 retirees of the Lagos State civil service have received N1.002 billion as their pension entitlement for the month of May, 2016. To this end, the benefiting retirees were recently presented their Retirement Benefit Bond Certificates by the Lagos State Pension Commission (LASPEC) in Alausa, Ikeja, Lagos...