By Nike Popoola There are indications that the National Pension Commission may transfer the assets of bank-owned Pension Fund Administrators, who are unable to stand on their own after the divestment of their parent banks, to other PFAs. The Director-General, National Pension Commission, Mr. Mohammad Ahmad, who confirmed this in […]

FRANKFURT (AFP) – German trade union Verdi has urged staff at the stock market operator Deutsche Boerse to protest in favour of jobs it says are threatened by a merger with NYSE Euronext, and to press for higher wages. A demonstration is scheduled at noon (1100 GMT) on Wednesday at […]

In spite of the Federal Government’s N300 billion Intervention Fund, the aviation sector has remained unattractive to most Nigerian banks, as loan requests by major operators are hardly considered. Airlines, which are the major beneficiaries of the government’s funds, are also the worst hit by the current banks’ apathy to […]