archiveJune 2016

By ABDUL-KHALIQ OLALEKAN There are strong indications that the Federal Government’s Ministries, Departments and Agencies (MDAs), are flouting the pension regulation on Certificate of Compliance, by accepting spurious evidence of compliance from contractors, which negates the Pension Reforms Act 2014. Findings show that MDAs are hesitant in ensuring that companies...

By ABDUL-KHALIQ OLALEKAN Industrial And General Insurance Plc (IGI) has moved its corporate head office on Victoria Island, Lagos to a new location also on the highbrow island, in continuation of the restructuring process launched by the management to reposition the company for greater efficiency. IGI Plc which began operations...

By ABDUL-KHALIQ OLALEKAN Pensioners across the country, under the auspices of the Nigerian Union of Pensioners (NUP), are demanding for bailout from the Federal Government in a bid to clear their pension areas. They are requesting for a resemblance of bailout given to some states incapacitated to pay their workers'...

  The Federal Government and TUNS Farms Nigeria Limited, Osogbo, Osun State,  have  signed a N25 billion agreement on the National Egg Production Scheme (NEGPRO ). According to the Minister of Agriculture and Rural Development , Chief Audu Ogbeh,  the pact has become necessary because the Federal Government was about...

The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with Trail Trans Logistics Group of Companies of  Russia, has concluded plans to formally launch an e-commerce platform that will boost the quantum of direct trade, both import and export, between Russia and Nigeria. The official launch, according to LCCI,...

The Nigerian Stock Exchange (NSE) has announced the expected review of the NSE 30, and the six sectoral indices of the Exchange, which are NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas and the NSE Lotus Islamic Indices. The composition of these indices after the...

The bulls fight back strongly on the Nigerian Stock Exchange (NSE) on Wednesday after a two-day dominance of the bears as investors recorded a massive price gains of N295 billion as the Market Capitalisation rose to N9.579 trillion from the closing value of N9.284 trillion on Tuesday. The All-Share Index...

Full speech of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, at the press briefing today in Abuja at the unveiling the broad framework and guidelines of the flexible exchange rate for the Naira. Good afternoon distinguished members of the press, ladies and gentlemen welcome to the...

Nigerian Infrastructure Fund (NiFund), has launched the Nigerian Infrastructure Fund has resolved to raise $2 billion for infrastructural development in Nigeria. Nigeria’s rapid growth and urbanization has resulted in enormous demand for sound and sustainable infrastructure development throughout the country. NiFund is an investment management company targeting investment opportunities in...

By Niyi Jacobs The Central Bank of Nigeria (CBN) said it will allow the naira exchange rate to be market-driven, setting the stage for a devaluation of the currency when the new system comes into effect on Monday, June 20, 2016. The apex bank plans will select a group of...