SEC Restates Commitment To Reducing N158bn Unclaimed Dividends     The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, has said the commission is renewing its commitment towards tackling the issue of unclaimed dividends in the nation’s capital market. Speaking at the first post Capital...

DisCos Collected N442.6bn In 2018, Says NERC       The Nigerian Electricity Regulatory Commission (NERC) said the 11 Distribution Companies (DisCos) collected N442.6 billion in 2018. It was learnt at the weekend from a document which our correspondent obtained in Abuja: “The total billing to electricity consumers by...

Total Pension Assets Rise To N11.08trn     Despite the effect of the coronavirus pandemic on different sectors of the economy, the total pension assets under the Contributory Pension Scheme rose to N11.08tn as of the end of June. The National Pension Commission disclosed this in its report...

In 2019, CBN Disburses N237bn Banknotes To Merchants, Others     The Central Bank of Nigeria (CBN) disbursed lower denomination banknotes worth N237.14 billion to microfinance banks (mfbs), merchants, shopping malls, market associations among others in 2019, to increase the circulation of such notes in the country. The...

Fed Govt Raises Costs For Five Secretariats By N3.97bn     The Federal Executive Council on Wednesday increased the contract sums for six different projects across the country by N5.48bn. The projects that saw their contract sums increased are federal secretariat projects in five states and the rehabilitation...

AMCON Takes Over Northrich Technologies’ Assets Over N500m Debt     The Asset Management Corporation of Nigeria has said that Justice A.I. Chikere of the Federal High Court, presiding over the suit between AMCON vs Northrich Technologies Limited, has ordered the corporation and its appointed law firm,...