Monetary

Customs Impound 113 Prohibited Goods Valued N107.67m

Customs Impound 113 Prohibited Goods Valued N107.67m         The Joint Border Operation Drill set up by the Federal Government to police Nigeria’s borders covering four states in the North Central has said that it made 113 seizures of prohibited goods with a total value of N107.67m...

Insurers Pooled N938bn Investment Revenue

Insurers Pooled N938bn Investment Revenue       Despite the challenging operating environment in the country, insurance companies have recorded growth in investment income which has hit N938 billion. Economic Confidential finding showed that the life segment made over 60 per cent of the income as they have lots...

Finance Minister, Shareholders Disagree Over N150bn Unclaimed Dividends

Finance Minister, Shareholders Disagree Over N150bn Unclaimed Dividends         The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed dividends worth over N150billion in the country. While...

Labour Rejects New Bid To Borrow From N17trn Pension Fund

Labour Rejects New Bid To Borrow From N17trn Pension Fund         Organised Labour on Thursday rejected a fresh bid by governors to borrow from the N17 trillion pension funds. The Nigeria Labour Congress (NLC) kicked against a similar proposal by Works and Housing Minister Babatunde Fashola to...

W/Bank Withholds $1.5bn Loan To Nigeria

W/Bank Withholds $1.5bn Loan To Nigeria         Nigeria got a caveat on Thursday to get approval for a $1.5 billion loan she is seeking from the World Bank. The reforms around the naira must be strengthened by the Federal Government, the financial institution is insisting. According to...

Illegal Gold Mining: Senate Seeks Probe Of $9bn Annual Revenue Loss

Illegal Gold Mining: Senate Seeks Probe Of $9bn Annual Revenue Loss         The Senate on Wednesday urged the executive arm of government to investigate the alleged annual revenue loss of $9bn to illegal mining and smuggling of gold in Nigeria. The upper chamber urged the Federal Government...