WASRA Seeks Funds For Infrastructure   The West Africa Securities Regulators Association has stated its key mandate of providing the necessary regulatory platform for capital market operators to play a major role in mobilising funds. The acting Director-General, Securities and Exchange Commission, Nigeria, Ms Mary Uduk, said...

NFIU: Banks Reject Cheques from Govs on LG funds Following the directive by the Nigerian Financial Intelligence Unit barring state governments from spending funds meant for local governments, banks have begun to dishonour cheques emanating from states on behalf of local governments. The spokesman for the...

FG Sets To Recover Funds From Defaulting Estate Developers   The Federal Government has said it will go after mass housing estate developers in the Federal Capital Territory, who default in the payment of statutory fees. The Chairman, Special Presidential Investigation Panel for the Recovery of Public...

Investments On Pension Funds Yield 16.42% In 2017 – Data   Investments with accumulated funds in active Retirement Savings Accounts (RSAs) yielded an average of 16.42 per cent in 2017. Data exclusively sourced from the National Pension Commission (PenCom) showed that the 2017 annualized average rate of...

Oil: NNPC Worries Over Lack Of Exploration Funds The Group Managing Director, Nigerian National Petroleum Corporation, Dr Maikanti Baru, has raised concerns over the dearth of funding for oil and gas exploration in the country. Baru, who delivered an address on Monday at the 42nd Nigeria...