Archives for June, 2016 - Page 2
Dangote Cement posts N140.5bn revenue in 2016 Q1
Dangote Cement has posted revenue to the tune of billion for the first quarter ended March 31, 2016, compared to the 2015 figure of billion. According the company's filing with…
Union Bank gives reasons for non-dividend payment for 2015
Union Bank plc has attributed its inability to reward shareholders for the 2015 financial year to negative retain earnings recorded by the bank in the last four years. Fielding questions…
DG PenCom To Address Pension Funds Investment At CBU Lecture
The Director General of the National Pension Commission (PenCom), Chinelo Anohu-Amazu is to address a large diverse audience at the National Lecture Series of the Catholic Brothers United (CBU) scheduled…
Pension Funds investment: PenOp calls for review of extant laws
The Pension Finds Operators Association of Nigeria (PenOp) has called for considerate review of extant laws that will allow prudent investment in some critical areas such as infrastructure. Presenting a…
Pension Funds: We can’t invest in speculative areas – PFAs
The chairman, Pension Funds Operators Association of Nigeria (PenOp) Mr. Eguarekhide Longe has disclosed that giving the speculative nature of Agriculture production in the country, pension funds would not be…
Premium Pension Rewards Winner
Premium Pension Limited has given out four categories of prizes to winners in the competition embedded in the recently concluded first phase of its social media campaign. Anchored by Alder…
Pension Funds not lying idle – PenCom DG
The accumulated pension fund assets which presently stand at trillion are not lying idle in any bank account as alleged by those who do not understand the working of the…
Pension Funds: Not for Charity – Minister for power
The accumulated Pension funds which hovers over N5 trillion will never be used for free if invested in infrastructure. This warning was sounded by the  Minister  for Power, Works & Housing,…
PenOp Charges investors on beneficial ventures
Potential investors in the pension industry have been urged to initiate ventures that would be beneficial to all stakeholders which include the retirees, operators and the investors. Speaking in Lagos…
CBN cautions banks customers on illicit transactions
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks not to allow illicit transactions that would be inimical to the current transparent nature of the Banking System in…