Homenewsfinance

  • CBN Raises Interest Rate To 14%, Second Time In 2022

    • July 19, 2022
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News
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    For the second time this year, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again raised the benchmark interest rate to 14 per cent from 13 per cent to curtail the rising inflation..In June, Nigeria’s inflation rate reached a five-year high at 18.60 percent. The monetary policy rate (MPR)

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  • Nigerians to pay more for electricity as FG ends N30bn monthly subsidy

    • September 21, 2021
    • Posted by: admin
    • Category: Economy, Energy, Latest News
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    More difficult times await Nigerians in the months ahead as the Federal Government yesterday announced it is ending the N30 billion monthly electricity subsidy by January 2022. The decision is also to affect all forms of subsidies hitherto extended to operators in the power sector value chain. The Special Adviser to the President on infrastructure, Ahmed

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  • PFAs secure micro pension N177.38m fund in high yielding securities

    • September 17, 2021
    • Posted by: admin
    • Category: Insurance & Pensions, Latest News
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    Pension Fund Administrators (PFAs) are keenly investing parts of funds contributed by micro pension contributors, in two major investment portfolios – federal government securities and local money market securities to enable them effectively grow the funds. Data obtained from the National Pension Commission (PenCom) revealed that pension operators invested N55.63 million in federal government securities

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  • 47TH AIO CONFERENCE AND ANNUAL GENERAL ASSEMBLY KICKS OFF IN LAGOS TO CLIMAX WITH INSTALLATION OF TOPE SMART AS NEW PRESIDENT.

    • September 11, 2021
    • Posted by: admin
    • Category: Insurance & Pensions
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    47th African Insurance Organisation (AIO) Conference And Annual General Meeting, Lagos Nigeria The 47th African Insurance Organisation (AIO) Conference and Annual General Assembly, has commenced today at Eko Hotel and Suites, Lagos, Nigeria and expected to be climaxed with the appointment of a new President, Mr Tope Smart, at the closing ceremony. The closing event is

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  • FIRS writes National Assembly, seeks exclusive power on VAT

    • September 9, 2021
    • Posted by: admin
    • Category: Digital Economy, Latest News
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    The Federal Inland Revenue Service, FIRS in a desperate bid to retain the collection of the Value Added Tax, has written the National Assembly, seeking the inclusion of VAT collection in the exclusive legislative list. The federal tax agency is also requesting the federal lawmakers to approve for it, the establishment of the Federal Revenue

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  • FG May Soon deploy 5G Networks In Nigeria.

    • September 9, 2021
    • Posted by: admin
    • Category: Digital Economy, Latest News
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    Indications emerged in Abuja yesterday that the Federal Government may soon deploy the much awaited 5G networks into the Nigeria Digital Economy. Already, the Federal Government has approved a national policy on 5G networks for Nigeria’s digital economy. This was following a presentation by the Minister of Communications and Digital Economy, Isa Pantami, during a

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  • Tope Smart: A Quintessential leader Becomes 47th AIO President.

    • September 9, 2021
    • Posted by: admin
    • Category: Insurance & Pensions
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    By Julius Elusakin The African Insurance Organisation held her 47th Conference and Annual General Assembly this week (4- 8 September 2021) in Lagos after the global pandemic denied one of the continental largest associations from holding the event in 2020. The Association which came into being in the year 1972 in Mauritius with the objectives

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  • Aviation Workers Call Airports Concession A Threat To National Security, Economic Terrorism

    • August 17, 2021
    • Posted by: admin
    • Category: Economy, Marine & Aviation
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    Nigeria Aviation Workers under the umbrella of Air Transport  Services Senior Staff  Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE) and the Nigerian Union of Pensioners (NUP)  have described government planned Airports Concession as “Economic Terrorism” against the country. The groups which insisted that the Federal Airports Authority of Nigeria (FAAN) “must

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