04
DecPENCOM permits low income earners to withdraw total retirement savings.
The revised regulation on the administration of retirement and terminal benefits by the National Pension Commission (PENCOM) has allowed low income earners to withdraw total retirement savings. According PENCOM, low-earning pensioners are now permitted to withdraw their total retirement savings en bloc or continue to receive their monthly pension pending […]
04
DecFCMB Group Plc reports revenue of N587.77bn in 9 months, profit rises by 67.63%
The long awaited Q3 2024 financial report of FCMB Group Plc for the period ended 30, September 2024 was published on Tuesday. The result shows significant growth in the Company’s topline and bottom line figures, year on year. Gross Earnings of N587.773 billion was reported for the 9 months period,[…]
15
NovNigeria’s inflation rate rises to 33.88%-NBS
The recent inflation report published by the National Bureau of Statistics revealed that the Headline inflation rate in October 2024 was 33.88%, an increase from the September 2024 headline inflation rate of 32.70%. Key points: Overall, the report highlights a continuing upward trend in the inflation rate, with notable increases[…]
12
NovNDIC to commence sales of Heritage Bank assets in December 4, 2024
The Nigeria Deposit Insurance Corporation (NDIC) has said that the sale of Heritage Bank’s assets will begin on December 4, 2024. The move involve the landed properties of the firm and is in line with the NDIC’s statutory powers as liquidator of failed banks under section 62 (1)(d) of the[…]
