The African Union Development Agency (AUDA-NEPAD) in collaboration with Ecobank Group has announced the launch of the MSME Academy for...

By Charles Abuede   Stock market analysts at Afrinvest Research expect a mixed performance this week on the trading floor...

By Charles Abuede   All Share Index dips 0.6 per cent on Tuesday Traded volume 206m; traded value N2.5 billion  ...

By Charles Abuede VEROD Capital, the investment banking and private equity firm, through its Eustacia subsidiary, is to take over...

FBNQuest, a firm of analysts, has commended the banks for extending N3.3 trillion to the economy over the last one...

Financial experts have said the subtle devaluation of the naira in the guise of forex rate unification will have negative...

President Muhammadu Buhari has officially  signed the instrument of accession of the agreement for establishment of the African Trade Insurance...

The federal government moved a notch higher in its determination to institute accountability and transparency in public finance and management....

Relief came the way of ex staff of the Power Holding Company of Nigeria as the the Federal government disbursed the sum of  N409,915,331,675.45 on the payment of severance and death benefits to them and their relations. According to the Bureau of Public Enterprises on Monday, the payment streams were categorised into severance payments to the former active staff of PHCN; and payment of the PHCN retirees/death benefits which the PHCN could not pay before it handed over to the successor companies. The bureau stated that for active staff, the total number submitted to the BPE by the PHCN was 47,913 and out of the number, 47,275 representing 99 per cent had been fully paid. “These were forwarded to the Office of the Accountant-General of the Federation for payment in 36 batches,” BPE stated. Read also: Bandits kidnap Zamfara councillor, five others It noted that out of the 638 outstanding active staff, there were 167 duplicate and blank spaces on the list; 414 never turned up for verification; 25 had been audited and were awaiting cash-backing; nine with initial documentation problems would soon be audited; while 23 had documentation problems.

The federal government has assured that it would partner with the Central Bank of Nigeria to help small and micro...