The Commissioner for Insurance, Mohammed Kari, has identified low capital base as one of the biggest challenges undermining the growth of the insurance sector and its contributions to the nation’s Gross Domestic Product (GDP). Kari, who spoke on the sideline of the 2018 Insurance Education of the Chartered Insurance Institute of Nigeria (CIIN) held in […]
Fiscal policy stakeholders, comprising the organised private sector, civil society and the public sector representatives, rose from a one-day workshop in Lagos with a four-point agenda for consideration by the Federal Government in order to properly define and appropriately classify corporate social responsibility (CSR) expenditures for tax returns purposes for businesses in the country. At […]
The National Pension Commission (PenCom) has reported a 3.64 percent growth in the nation’s pension fund assets in the second quarter of this year. Specifically, the commission in its latest report on the pension assets trend on quarterly basis, stated that the total value of pension fund assets based on unaudited valuation reports grew from […]
Licensed freight forwarders have decried what they described as the proliferation of Customs units at the Lagos ports, alleging that the units are being used to extort them and make the cargo clearance procedures more cumbersome. In addition, the concerned agents also alleged that the multiple Customs units aside complicating the clearing process, but have […]
The World Bank has reported that the total external debt of low- and middle-income countries rose 10 percent in 2017 to $7.1 trillion, representing about four percent increase over the 2016 debt stock. The Bretton Woods institution stated this in its just published International Debt Statistics, IDA, 2019 which presents statistics and analysis on the […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, on Friday disclosed that the Federal Government had kicked off the process of partial commercialisation of four River Basin Development Authorities (RBDAs) in the country. The affected river basins are the Niger-Delta, Sokoto-Rima, Ogun-Osun and Upper Niger river basin development authorities. Okoh […]
The Securities and Exchange Commission (SEC) on Thursday said that the deadline on forbearance on holders of multiple accounts in the capital market had been extended to December 31, 2019. It explained that the extension of the deadline, which was part of the decisions reached at the end of the 3rd Capital Market Committee’s (CMC’s) […]
Less than 24 hours after the Senate Committee on Senate Committee on Banking, Insurance and other Financial Institutions expressed concerns about the discussions between the CBN and MTN Nigeria over the $8.1 billion imposed fines on telecom operator over regulatory infractions, there are indications that the government may accept $800 million as final settlement on […]
L-R: Father of N150,000.00 beneficiary of Fidelity Savings Loyalty Scheme (FSLS), Onyebuchi Gabriel; his wife, Ijeoma Gabriel; N150,000.00 FSLS beneficiary, Chiemere Great Gabriel; President, Lagos Chamber of Commerce and Industry (LCCI), Babatunde Ruwase; Executive Director, Shared Services and Products, Fidelity Bank Plc, Chijioke Ugochukwu; during the cheque presentation to beneficiaries of Fidelity Savings Loyalty Scheme […]
Organised labour on Thursday, said that the threat by governors to retrench workers if the proposed N30,000 wage agreed upon by the Tripartite Committee is implemented was uncalled for and tantamount to reneging on a joint agreement. The Nigeria Labour Congress (NLC) maintained that the governors threat to sack workers was not new in the […]