Archives for April, 2019 - Page 7
N8.7tn pension fund: PenCom bars PFAs from investing in bonds issued by nine states
The National Pension Commission has barred pension fund administrators from investing in the bonds of nine states that have yet to amend their state pension laws and…
FBN Holdings Profit After Tax Grows To N59.7bn
By Ngozi Onyeakusi---FBN Holdings Plc has recorded a profit after tax of for the financial year ended December 2018. This represents a per cent increase over recorded in the…
Fuel Subsidy : NUPENG, PENGASSAN Kick Against IMFs Admonition
Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the economy. The…
Feature: Transfer Window: PenCom, PenOp Guard Against Fraud
As pension industry awaits unveiling of the Retirement Savings Account (RSAs) Transfer Window, PenCom and PenOp have intensified effort aimed at ensuring a fraud free initiative. NGOZI…
Kachikwu Assures Nigerians of Sufficient Fuel
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Sunday assured Nigerians that there is sufficient Premium Motor Spirit (PMS), also known as fuel…
Maritime Bureau Declares Nigerian Waters Safer
The International Maritime Bureau (IMB), a specialised department of the International Chamber of Commerce, has declared Nigerian waters safer. IMB its report for the first quarter of…
PTAD Settles Pensioners With N102.8 bn in 15 Months
Pension Transitional Arrangement Department (PTAD) has disclosed that between January 2018 and March 2019, a total of was paid by the Federal Government to pensioners in the…
800 Companies Bid For 176 Gas Flare Sites — Kachikwu
No fewer than 800 companies have bidded for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Dr Ibe…
World Bank Decries Africas Poverty Rate …Predicts 9 In 10 Extreme Poor People To Be In Africa By 2030
The World Bank has decried the rate of poverty in Africa predicting that by 2030, nearly 9 in 10 extremely poor people will be Africans, and half…
IMF Urges Nigeria To Remove Fuel Subsidy … Says $5.2Trn Wasted in Four Yrs
By Ngozi Onyeakusi---Given the low revenue mobilisation that existed in Nigeria in terms of tax to Gross Domestic Product, the Managing Director, International Monetary Fund, Christine Lagarde, has…