Business Archives - Page 45 of 52

Senate Indicts Top Government Agencies of Remittance Underpayment

The Senate of Nigeria has accused Government Owned Enterprises of remitting below the appropriate funds into the federation account. On Wednesday, the Chairman of the Senate...

Business4 years ago

Google Extends Remote Work Option Until 2022

Google on Tuesday extended the option for its employees to work from home into next year due to the pandemic. Returning to Google campuses will remain...

Business4 years ago

Telecoms Sector Attracts $3.9 billion Foreign Investments in 5 years

Between 2015 and 2020, Nigeria’s telecommunications sector attracted $3.9 billion foreign investments (portfolio and direct). The 2021 Telecommunications Industry report released by Agusto & Co, which...

CBN Alerts Nigerians of illegal firms promising outrageous returns

Business4 years ago

Just In: External Reserves Advance $500m in One Week

The external reserves of Nigeria rose by $500 million in one week, amounting the highest point in more than two months. This information is made available...

Business4 years ago

Content Creators to Make up to $10,000 on YouTube Shorts. Here is how!

As a reward for creating exciting and engaging content on YouTube, creators can now receive their share of a new $100 million YouTube Shorts Fund to...

Business4 years ago

Paralex Logistics Limited Introduces Tech-Driven Legal Support Services

…Sets to Unveil Mobile App Platform, Offers Cutting-edge Services Paralex Logistics Limited, an information and communication technology (ICT) managed logistics company, is set to launch its...

Commodity Prices Heighten Inflation to 15.63 Percent in December

Business4 years ago

Nigeria Grew Economy By 5.01% in Quarter Two – NBC

Nigeria’s Gross Domestic Product (GDP) grew 5.01 percent in the second quarter, said the National Bureau of Statistics (NBS) on Thursday. The report from NBS, specifically...

The Nigeria Pension Fund Assets under the Contributory Pension Scheme (CPS) have accumulated N186 billion in five months. This came to the public through a data obtained from the National Pension Commission (PenCom). It shown that as at May 31, 2021, the pension fund assets stood at N12.5 trillion from N12.306 recorded last year December. In the same fold, the number of Retirement Savings Account (RSA) holders as at the end of May, this year stood at 9.35 million from 9.21 recorded as at the same period of CPS. Contributors, under the scheme stand at 14,000, showing a positive growth. Likewise, the Pension Fund Assets (PFAs) as at May had invested N8.34 trillion in Federal Government’s Securities. A closer look at invested fund showed that out of the N8.34 trillion invested in FGN Securities, FGN Bonds got N7.67 trillion followed by the local money market securities which got N1.65 trillion; and Bank Placements, N1.53 trillion. Further breakdown showed Corporate Debt Securities got N836.34 billion; Treasury Bills got N551.6 billion; Agency Bonds got N14.8 billion; Sukuk N91.4 billion and Green Bonds N13.9 billion. Domestic Ordinary Shares got N821.3 billion, Foreign Ordinary Shares N103.6 billion, State Government Securities N117.4 billion; Foreign money market, N18.69 billion; Infrastructure Funds N66.43 billion; Commercial Papers, N156.69 billion and Cash and other assets N122.79 billion. The Contributory Pension Scheme (CPS) was established under the Pension Reform Act of 2004. It mandates a minimum contribution of 10 and eight percent of employees’ monthly emolument by the employer and employee respectively.

Business4 years ago

Pension Fund Assets accumulate N186bn in Five Months

The Nigeria Pension Fund Assets under the Contributory Pension Scheme (CPS) have accumulated N186 billion in five months. This came to the public through a data...

Tax Evasion Multichoice Nigeria To Pay 50 Percent of N1.8tn

Business4 years ago

Tax Evasion: Multichoice Nigeria To Pay 50 Percent of N1.8tn

A tax appeal tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited to pay 50 percent of N1.8 trillion to the Federal Inland Revenue Service...

WTTC 770,000 Jobs Lost to COVID-19 In Nigeria’s Tourism Industry

Business4 years ago

WTTC: 770,000 Jobs Lost to COVID-19 In Nigeria’s Tourism Industry

The World Travel and Tourism Council (WTTC) said on Monday, that the tourism industry in Nigeria lost 770,000 jobs as a result of the outbreak of...

Earth News

Senate Indicts Top Government Agencies of Remittance Underpayment

Google Extends Remote Work Option Until 2022

Telecoms Sector Attracts $3.9 billion Foreign Investments in 5 years

Just In: External Reserves Advance $500m in One Week

Content Creators to Make up to $10,000 on YouTube Shorts. Here is how!

Paralex Logistics Limited Introduces Tech-Driven Legal Support Services

Nigeria Grew Economy By 5.01% in Quarter Two – NBC

Pension Fund Assets accumulate N186bn in Five Months

Tax Evasion: Multichoice Nigeria To Pay 50 Percent of N1.8tn

WTTC: 770,000 Jobs Lost to COVID-19 In Nigeria’s Tourism Industry

Pernod Ricard Nigeria Donates 2 Breathalyzers and 100 Reflective Jackets to FRSC

Innoson and Other Structures Violating Federal Highways’ Right of Ways in Anambra Were Duly Notified Since 2024 – Anambra Government Clarifies

Soludo Presentation of Score Card To EU/UK Ndi Anambra is a Dialogue in Accountability – Christian Aburime

Rite Foods Felicitates with Muslims, Rejuvenates with Unparalleled Brands During Ramadan

JMG Champions Gender Equality, Celebrates Women on International Women’s Day

Governor Soludo Emerges Governor of The Year

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