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National Pension Commission (PenCom) has mandated Pension Fund Administrators (PFAs) and Fund Custodians (PFCs) to approve and pay pension benefits to eligible applicants within three working days of receiving applications from them. The pension watchdog also said effective from 1st ...

Bearish sentiments persisted on the local equities market last week, with the overall capitalisation declining for four out of the five trading sessions, accumulating a total decline of N476 billion. The All-Share Index closed lower by 1.19 per cent week-on-week ...

Standard Chartered has announced adopting the International Chamber of Commerce’s (ICC) recently published industry Principles for Sustainable Trade Finance. The move makes Standard Chartered the first international bank to confirm its Sustainable Trade Finance solutions’ alignment with the recently announced global ...

Reinforcing its reputation as an institution committed to empowering Small and Medium-scale Enterprises (SMEs), Wema Bank has undertaken an initiative to empower 800,000 Nigerian businesses, following its Memorandum of Understanding (MoU) signing with Small and Medium Enterprise Development Agency of ...

A total sum of N 1.703 trillion, being January 2025 federation account revenue, has been shared to the federal, State and local governments in the country by the Federation Account Allocation Committee (FAAC). The outcome of the FAAC meeting was ...

The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar at its current levels. Managing director/CEO of Lagos-based Financial Derivatives Company, Bismarck Rewane, who revealed this, attributed the steady appreciation ...

…As analysts see committee cutting rates at next meeting The Monetary Policy Committee of the Central Bank of Nigeria (CBN) took a twist in its year-long inflation chase yesterday by holding all the parameters constant around the 27.5 per cent ...

British International Investment (BII), the UK’s development finance institution has inked an investment deal of $40.5 million with Johnvents Group, an agribusiness industry to enhance Nigeria’s cocoa production. The investment is expected to grow the cocoa sector, improve its global ...

Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still in need of huge capital injections, international rating agency, Fitch Ratings, has ...

Charges that customers have to pay when they make withdrawals at Automated Teller Machines (ATMs) have been increased by 185.7 per cent when they withdraw cash from other bank ATMs and 1,614 per cent for those withdrawing from other ATMs ...