Author Archives: Supernews - Page 1134
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…
CBN Gov Donates 400 Bags of Rice to IDPs in Borno
The Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, has joined other philanthropies in the country by donating 400 bags of locally produced rice and some relief materials to the internally displaced persons,…
Financial Reporting Council (FRC) CEO bags ADM award
The executive secretary/CEO of the Financial Reporting Council of Nigeria (FRC), Mr. Jim Obazee, has emerged African Best Rated Leadership Personality of the Year in the public sector category. In…
CBN and the controversial bid to strengthen BDCs
The Central Bank of Nigeria (CBN), recently reviewed upwards the operating capital requirement for Bureau de Change (BDCs) in the country in a bid to achieve sanity and financial stability…
Ebola: Insurance sector assures competence in risks mitigation
As the dreaded disease, Ebola Virus Disease (EVD) continue to spread across West African countries with its attendant scourge on lives and economies, the need for insurance as a succor…
Insurance: Making sector relevance through innovation, right product
The sector in 2014 witnessed some leap, though saddled with challenges involved in preparing International Financial Reporting Standard (IFRS) based account. This saw most insurance companies holding 2012 annual general…
Unforeseen circumstances mar stock market performance in 2014
Despite all predictions by market analysts that 2014 performance will greatly outweigh that of 2013, bottom-line of the nations stock market as at December, 2014 remained abysmally below expectation as…
