PenCom Disowns ASSOPEP, Warns that the Group is not Authorized to Process or Pay Retirement Benefits.
The Association of Pension Desk Practitioners of Nigeria (ASSOPEP) is not associated with the pension business and does not have…
Day: April 10, 2023
UBA, Zenith Bank, and Four Other Institutions Announce N389.8 Billion Dividend in Two Years.
Six out of the 13 listed banks on the Nigerian Exchange Limited (NGX) declared a combined N389.8 billion in dividends…
FG Prohibits Internet Banks From Accessing the Contacts and Images of their Customers.
On May 31, 2023, loan apps on the Play Store won’t be able to access the contacts or photographs of…
Four Days of Bearish Trading Result in Investor Losses of N674bn.
After four days of trading last week, investors on the Nigerian Exchange Limited lost N674 billion.Due to the Federal Government…
Senate: Budget Office Paid Four MDAs N19 billion Without Authorization.
The Minister of Finance, Budget, and National Planning’s consent was not obtained before the Budget Office of the Federation distributed…
Operator: CBN’s Strict Monetary Policy is Limiting Bank Profitability.
According to Johnson Chukwu, CEO of Cowry Asset Management, more local lenders would pursue cross-border expansion in response to the…
Worldwide Food Costs Decreased by 2.1% in March.
The UN Food and Agricultural Organization stated that in March, global food prices fell for the 12th month in a…
In 2022, Debt Servicing Increased by 14.68%-DMO
According to DMO, N2.93 trillion was spent in 2021 on payments for servicing both domestic and foreign debt. Remember that…
Investors Demand Insurance and Pension Growth.
The necessity to expand the insurance and pension sectors has been discussed by financial sector stakeholders. They spoke on the…
Contributory Pension Assets Increased by N1.68 trillion in a Year.
The Contributory Pension Scheme’s assets increased by N1.68 trillion, from N13.76 trillion at the end of February 2022 to N15.45…