04

Dec

PENCOM 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 the approval of the Minimum Pension Guarantee. […]

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20

May

Stanbic IBTC Holdings Plc Shareholders Approve Capital Raising Plans

At its 12th Annual General Meeting held in Lagos, the shareholders of Stanbic IBTC Holdings Plc approved several key capital raising initiatives proposed by the company. The shareholders approved the Board’s proposal for a N400 billion debt issuance program and additional N150 billion in equity capital. For the debt issuance program, shareholders gave the green light for[…]

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08

May

Federal Government Of Nigeria has put up 19 oil blocks for bidding

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stressed that the 19 oil blocks put forward for sale under the 2024 bidding round are not for politicians. They are for investors with financial capacity and technical competence. Senator Lokpobiri said in the past, the award of oil blocks culminated in the non-development of over[…]

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