The National Pension Commission is working on a framework that will enable retirees under the Contributory Pension Scheme to enjoy a minimum monthly pension stipend like the minimum wage being enjoyed by workers, investigation has revealed. Sources at PenCom disclosed to our correspondent on Monday that since retirees started emerging […]

The Central Bank of Nigeria  has said  the nation runs a cash-based economy and this informed the central bank’s Cash-Lite Policy which aims to reduce the amount of cash in circulation. The Deputy Governor, Operations, CBN, Dr. Kingsley Moghalu, who said this in Lagos during a seminar on cashless Nigeria, […]

Some of the recently privatised power firms may not be able to meet their loan obligation to the banks that financed the privatisation process following losses being recorded in their operation, top industry sources have said. The first loan instalment of majority of the power firms will be due in […]