President of the Pension Fund Operators Association of Nigeria, PenOp, Mr. Eguarekhide Longe has said that compliance to remittances of pension contributions from the public sector on both the Federal and State levels have lagged notably. Longe who stated this...

The Central Bank of Nigeria (CBN) will this week mop up N245 billion from the interbank money market in a bid to reduce money supply in the economy. Meanwhile, cost of funds in the interbank money market fell by...

•CBN, NBET, huge debts, forex, vandalism blamed for woes •NBET: We’ve paid N186bn •CBN: GENCOs haven’t met conditions for disbursment Nigerian Bulk Electricity Trading Plc, NBET said it has paid N186.7billion to Electricity Generating Companies GENCOs saying it is only owing them...

… Board approves new Management Structure The Board of Directors of Abuja Electricity Distribution Company (AEDC) has approved the appointment of Engr. Ernest Mupwaya as the new Managing Director/Chief Executive Officer of the Company following the retirement of Mr. Neil...

The Central Bank of Nigeria has said its forex sales to the authorised dealers, including banks and others, amounted to US$1.13 billion in May 2016, representing 2.6 per cent decline compared to the level in April 2016. The apex bank...

In continuation of the on-going cost-cutting and efficiency drive in the utilization of public funds by the present administration, the Federal Government has banned the procurement and distribution of conference bags, T-shirts and other souvenirs at events and activities...