PenCom Stop Charges On Artisans’ Savings Below N5m       The National Pension Commission has ordered Pension Fund Administrators to stop charging any fee on micro pension funds under their management that are below N5m. It disclosed this on Monday in a circular signed by the Head, Surveillance...

N5trn Debt: AMCON Plans To Change Recovery Strategy       The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy. It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned...

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs         The Acting Director Corporate communications Department of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, has said that the bank disbursed N253 billion to 548,345 beneficiaries as part of its responses to the COVID-19...

FG Okays N14.8bn Workers’ Insurance Cover, COVID-19 Oxygen Plants         The Federal Executive Council presided over by President Muhammadu Buhari has approved the disbursement of N9.2bn as premium for insurance companies who will manage group life insurance coverage for federal civil servants. The Minister of Information and...

'Nigeria, Others Need $15.7bn To Upgrade Refineries'       African countries will need about $15.7 billion to upgrade existing 36 refineries on the continent to produce petroleum products that will conform with a planned level of sulphur content. African Refiners and Distributors Association (ARDA) disclosed that the $15.7...

PFAs Invest N8.3trn In FGN Securities       Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021. According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021,...