Recapitalisation: Labour Ministry charges banks to protect workers
By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
E-payment transactions drop to N19.33trn in Q3, 2017
The National Bureau of Statistics, NBS, has said that the value of e-payment transactions recorded by banks in third quarter (Q3), 2017 declined to N19.33 trillion from N19.78 trillion in the second quarter (Q2) of the year, representing 2.3 percent decrease.
FG rakes in N17bn from Tax Amnesty scheme
The federal government has received N17 billion from the Voluntary Assets and Income Declaration Scheme, VAIDS, that commenced July 2017.
Naira appreciates to N360.41 in I&E
(I&E) window, while the volume of dollars traded fell sharply by 80 percent.
Skye Bank, six others awarded platinum prize as top donors of Lagos security trust fund
Skye Bank Plc., one of Nigeria’s leading retail commercial banks and six other companies have been commended and awarded platinum prize for committing huge resources in support of securing lives and property in Lagos State.
$250m un-remitted fund: Reps threaten to arrest 10 oil firms
The House of Representatives Committee on Oil and Gas, on Wednesday threatened to issue warrant of arrest on Managing Directors of 10 oil firms, if they failed to appear before it on Thursday to account for unremitted 250 million dollars to the Federal Government’s purse.
