The Assets Management Corporation of Nigeria (AMCON) has said 350 obligors alone account for over N2.05trillion, which is more than 70 per cent of total outstanding amount. The Corporation also said it has so far recovered about N1.48 trillion out…
The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. The PTAD’s Head of Corporate Communications, Mr Gbenga…
Financial stakeholders have urged the Federal Government to enhance productive sector support in order to boost output and check inflationary pressure. They disclosed this in separate interviews on Tuesday in Lagos. They said that ensuring more support to local manufacturers…
The African Export-Import Bank (Afreximbank), says it has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings and Global Credit Ratings (GCR). A statement issued in Cairo on Monday by Amadou Sall, Afreximbank’s media…
Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase oil production. Industry figures showed that Brent fell…
Airtel Nigeria has clarified that its Chief Executive Officer, Olusegun Ogunsanya, was misquoted over the renewal of the telco’s licence. Contrary to an alleged claim that Airtel had renewed its operating licence, due on Wednesday, the telco company insisted that…
The African Development Bank (AfDB) fund has raised a cumulative total capital of $274 million since 2011, Dr Kevin Kariuki, Vice President Power, Energy, Climate and Green Growth, AfDB has said. Kariuki said this in the recently released 2020 Annual…
The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for National Household Kerosene increased to N370.29 in June from N363.50 in May. The bureau said this in its “National Household Kerosene Price Watch (June…
By Olaleye Aanuoluwapo, Abuja The former Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf and the President, Association of Capital Market Academics of Nigeria (ACMAN), Prof Uche Uwaleke have expressed views on the recent drop in inflation,…
By Olaleye Aanuoluwapo, Abuja The Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta and other staff of the Commission, have commended the dedication, hard work and outstanding work ethics demonstrated by Jerry Ugwu, a Deputy Director,…
