Senate Berates NSITF Management Over Alleged N84bn Embezzlement
The Senate on Monday berated the management of the Nigeria Social Insurance Trust Fund over an alleged misappropriation of N84bn within four years.
The Senate Public Accounts Committee stated this while scrutinising the 2017 report of the Auditor...
Minister Pushes For Increased Citizen Trading In The Capital Market
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has urged the Nigeria Exchange Limited to aid ordinary citizens in participating actively in the capital market.
According to a statement from the NGX, Ahmed,...
Insurance Sector Contracted By 2.08% In Q1, 2021
The insurance sector contracted by 2.08 per cent in the first quarter of 2021, according to the latest figures obtained from the National Bureau of Statistics.
The NBS, in its report on Gross Domestic Product for the first...
Global FDI Increases By 15% Despite Uncertainty
Global foreign direct investment (FDI) flows are expected to bottom out in 2021 and recover some lost ground with an increase of 10 to 15 per cent, according to UNCTAD’s World Investment Report 2021.
It showed that FDI flows...
Manufacturing Sector Rose Slightly In April
The manufacturing sector recorded marginal growth as the Purchasing Managers’ Index rose to 49.0 index points in April from 48.8 index points in March.
The Central Bank of Nigeria disclosed this in a report by the Monetary Policy Committee.
It said,...
NDIC Commences Payment Of Uninsured Deposits
The Nigeria Deposit Insurance Corporation has disclosed plans to commence the payment of liquidation dividends to depositors of the 14 failed banks whose licenses were revoked by the Central Bank of Nigeria.
The corporation confirmed this on Sunday in a...
