The Chairman of the National Pension Commission, PenCom, Mr. Oluwole Adeosun is dead. Adeosun, 74, died on Thursday, September 13, in New Delhi, India, where he had travelled for a medical check up, his son said in a statement Sunday. The deceased Chairman was also a former managing director of Nigeria’s premier […]
Author: InvestAdvocate
Inter-bank rates climb as NNPC recalls deposits
Inter-bank lending rates climbed to an average of 16.33 per cent on Friday, compared with 13.5 per cent last week, on the back of cash withdrawals by the Nigerian National Petroleum Corporation and foreign exchange purchases. Reuters reported that The market opened with a negative balance of N42bn ($266.08m) on […]
IFC to support CIBN’s corporate governance drive
The Chartered Institute of Bankers of Nigeria has unveiled a new partnership with the International Finance Corporation, the private sector arm of the World Bank, in its ongoing drive towards enhancing corporate governance in the banking sector. Giving the hint in his welcome address at the opening session of the […]
