The upbeat recorded in the nation’s external reserves have continued into the month of February as the reserves recorded $2.34bn in six weeks. Data obtained from the Central Bank of Nigeria’s website on Friday showed that the reserves rose to $46.68bn as at February 14, from $44.34bn recorded on January […]
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Union Bank transfers legacy pension to administrators
Union bank of Nigeria Plc has continued the transfer of legacy pension for post 2005 pensioners to their Pension Fund Administrators in line with the Pension Reform Act, 2004. A statement by the bank on Friday said the PFAs would consequently take full responsibility for pension payments for the affected […]
Naira Gains First Week in Three on Foreign Inflows Into Bonds
The naira gained for a second day, set for its first weekly advance in three, after foreign inflows into Nigerian bonds. The currency of Africa’s biggest oil producer climbed less than 0.1 percent to 157.3 per dollar at 1:25 p.m. in Lagos, the commercial capital. The naira has added less […]
