Banks’ Non-performing Loans Now N1.17trn – NBS         Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the National Bureau of Statistics have shown. According to figures obtained from the NBS’ latest Selected Banking Sector Data Report on Sunday, the...

Unremitted Pension: 13 Employers Pay N56.5bn Penalties         Thirteen defaulting employers whose pension liabilities to their employees have been established have been made to pay N56.5 billion penalties by the National Pension Commission (PenCom), according to a report. According to the commission, the money was paid following...

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       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         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         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...