Old Naira Notes Still Valid,CBN Insists
Mohammed Shosanya The Central Bank of Nigeria (CBN) has again clarified that the old N1000, N500, and N200 banknotes,are still valid. Mrs. Sidi Ali Hakama,Acting
Suggestions
Nigeria’s Inflation Rate Hits 34.80%
Nigeria’s headline inflation hits 34.80%in December 2024,according to the latest report released by the National Bureau of Statistics (NBS). The latest headline inflation rate showed a marginal increase of 0.20% compared to
CBN Fines Nine Banks N1.35bn For ATM Cash Crunch
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure adequate availability of Naira notes through Automated Teller Machines (ATMs)
26 States Yet To Implement Contributory Pension Scheme-PenCom
Mohammed Shosanya Only 8 states in Nigeria have fully implemented the Contributory Pension Scheme (CPS) twenty years after the enactment of the Pension Reform Act 2004,the Director-General of the National Pension Commission,Mrs.Omolola
Nigeria’s Pension Assets Hit N4.26tn- PenCom
Mohammed Shosanya Nigeria’s contributory pension assets rose by N4.26tn between October 2023 and October 2024,the National Pension Commission has said The
PenCom Pays N44bn To Retirees
Mohammed Shosanya The National Pension Commission (PenCom) has announced the release of N44 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024
PenCom Allows Pensioners To Withdraw Total Retirement Savings
Mohammed Shosanya The National Pension Commission (PenCom) has announced that low-income pensioners can now withdraw their entire Retirement Savings Account (RSA) balance or continue receiving monthly pensions until the
PenCom Removes Suspension On PFA’s Investment In Commercial Papers
Mohammed Shosanya The National Pension Commission (PenCom) has lifted its suspension on investment in commercial papers by licensed pension fund administrators (LPFAs) in the country.
Cryptocurrency:SEC Blacklists Marino FX Ltd
Mohammed Shosanya The Securities and Exchange Commission has warned the public not to transact any business with Marino FX Limited as the company is not registered by
Banks,Coys Raised Over N2.7tn From Capital Market- SEC
Mohammed Shosanya The Securities and Exchange Commission has revealed that over N2.7trn capital was raised in the capital market by banks and other companies.
Recapitalisation:Nine Nigerian Banks Raised N1.7trn Through E-Offering-SEC
Mohammed Shosanya The Director General,Securities and Exchange Commission, SEC, Dr Emomotimi Agama,says so far about N1.682 trillion has been raised by banks through e-offering in the bank recapitalisation exercise.
