The Pension Commission, PENCOM is reconsidering bank guaranty for pension assets in light of the new banking model.
Director-General, PENCOM, Mr. M.K Ahmad gave this hint in Lagos last week at the 2nd Conference of Directors of Licensed Pension Operators.

Indication emerged weekend that allegation of contract splitting, over-invoicing, non-compliance with extant financial rules of Public Procurement and exceeding approval limits leveled against NIMASA management are mere speculations and unfounded aimed at causing confusion and disenchantment, a top official of the Federal Ministry of Transport has revealed.

INDICATIONS have emerged that Dockworkers plan to shut down port operations nationwide before Christmas over delay by Terminal operators to review their conditions of service six months after the subsisting one elapsed.

The value of investment on the Nigerian Stock Exchange (NSE) recorded a decline last week as equities value represented by the market capitalisation dipped by N115.65 billion.

Value Capital Limited has concluded arrangement to list its shares on the Nigerian Stock Exchange(NSE) after a successful private placement, just as it declared N43.6 million dividend for the financial year ended December 31, 2009. This translated to 1.1 kobo per share.

Mr. Valentine Obi, MD/ CEO eTranzact.recently had an interactive session with journalist where he explained what the company is doing in the area of e-banking. Below are excerpts

Nigerians are enraged over the huge salaries and pecks being paid to members of the National Assembly and other political office holders that has shown they are not in political offer to serve the nation but to milk it dry.

Because of Nigeria’s strategic location and the abundance of its natural resources, infrastructure development in the country has Pan_African relevance. The human capital of 150 million that makes Nigeria the most populous African nation is a workforce of uncharted economical potential.

Additional five customers of Access Bank have emerged winners of the brand new 407 Peugeot cars in the on_going Access ‘Take the Lead’ promo through a live draw organised to reward holders of Access Bank’s “Access Advantage accounts”.

The Nigerian Stock Exchange (NSE) has announced that Senator Ganiyu Solomon, Chairman, Senate Committee on Capital Market, will on Monday flag off the extension of its trading hours on the Lagos floor of the Exchange.