Business

The National Pension Commission (PenCom) on Monday denied giving the Federal Government a loan of N10 million from its pension savings. This is as the Commission’s Director-General, Mrs. Aisha Dahir-Umar stated that PenCom is not a bank that warehouses funds or gives loans. She stated this during an interactive session …

The N22.7 trillion printed by the Central Bank of Nigeria through Ways and Means overdraft for the federal government from 2015 to 2023, under former President Muhammadu Buhari, landed Nigeria into hyper inflation bedeviling it now, said the Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun. Wale …

In a bid to streamline and stabilize foreign exchange market in the country, the Central Bank of Nigeria (CBN) has rolled out a revised regulatory framework for Bureaux De Change operations, stipulating that sellers of foreign exchange amounting to $10,000 and above, must declare the sources of their forex. The …

One week ago, cement prices in the country reached a fresh high of N10,500 for a 50kg bag. Despite BUA Cement’s recent price drop of a 50kg bag of the product to N3,500, Vanguard Homes & Property discovered that the price increase cuts across manufacturers. Within a week, between February …