Ten mutual funds spent more than one per cent of their net asset value as expenses, according to a report on expenses of mutual funds by the Securities and Exchange Commission (SEC). The report on expenses ratio for the second quarter ended June 30, this year showed that only 10 […]

•  Mordi: Rankings do not reflect reality Nigeria, Africa’s largest economy, continued its downward spiral on the Global Competitive Index (GCI) as the country fell seven places to 127th position this year, from the 120th position it was last year. The development was largely attributed to what the World Economic […]

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday said that Nigerians in Diaspora remitted the sum of $10.4bn into the country within the first six months of this year. A statement by the minister’s Special Adviser on Communications, Mr. Paul Nwabuikwu, said the amount included remittances to families, friends, […]