Access Pensions Limited, a subsidiary of Access Holdings, has acquired a majority stake in ARM Pensions Managers Limited. In a statement from Access Holdings on Saturday, the ‘no-objection’ of the National Pension Commission and the approval of the Federal Competition and Consumer Protection Commission were received through Access Golf, a majority shareholder in Access Pension….
The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the Chief Financial Officer, NNPCL, Umar Ajiya, has said. NNPCL is a major revenue generating agency in Nigeria, operating as the national oil company in charge…
Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group has announced mouthwatering interest rates on its SuperSavers accounts. SuperSavers account is a high-yield savings account type tailored for customers who wish to maximize their returns on savings while benefiting from a customer-focused banking experience. The six months reward programme runs between…
FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and financial statements filed with the Nigerian Exchange Limited on Friday. FCMB’s profit was boosted by increases in interest and discount income to N355.68bn and fees…
The Chief Executive Officer of Cooperative Mortgage Bank Ltd., Femi Adewole, has disclosed that of the about 340,000 policemen in the country, only about 30,000 are housed. He stated this at the maiden edition of the Nigeria Police Housing Summit with the theme “Renewed Hope for Police Housing in Nigeria”, held recently in Abuja. called…
The Federal Inland Revenue Service surpassed its 2023 revenue target by N816bn, a 107 per cent performance over the set goal and has set a target to collect N19.4 turn in tax this year. The Coordinating Director of Special Tax Operations Group, Amina Ado, disclosed this at the 2024 management retreat on Wednesday. The Federal…
Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have berated the Nigerian National Petroleum Company Limited for alleged delay in the supply of petroleum products. As a result, the marketers said they had been forced to boycott the NNPCL to source fuel from private depot owners at a higher cost….
The Nigeria National Petroleum Corporation Limited and the Ministry of Finance have agreed to remit all their dollar revenues to the Central Bank of Nigeria, CBN, to boost the nation’s External Reserves and foreign exchange flows into the country. The apex bank’s governor, Olayemi Cardoso, disclosed this during his keynote speech at the launching of…
Shipowners have partnered with the Nigerian National Petroluem Corporation Limited to boost ship acquisition in the country. This was contained in a statement on Tuesday after a meeting between the shipowners and NNPCL in Lagos hosted by the Nigerian Chamber of Shipping. The Managing Director of Nigerian National Petroleum Company, Shipping, Mr Panos Gliatis, suggested…
