AfrikNews

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Stocks Extend Losing Streak, Investors Lose N240bn

Stocks Extend Losing Streak, Investors Lose N240bn       Investors in the Nigerian stock market lost N240bn in the first trading week of March as the market capitalisation declined further. The Nigerian Stock Exchange All-Share Index and the market capitalisation dropped by 1.18 per cent to close last week at 39,331.61 and N20.58tn respectively. […]

PenCom Recovers N553.03m From Defaulting Employers

PenCom Recovers N553.03m From Defaulting Employers       The National Pension Commission has said it recovered N553.03m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement Savings Accounts with their respective pension fund administrators. PenCom disclosed this in its monthly report for the fourth quarter of 2020 […]

Group Unravels CBN, Discos’ Secret Plots To Collapse Nigeria’s Economy

Group Unravels CBN, Discos’ Secret Plots To Collapse Nigeria’s Economy     The federal government has been intimated of alleged plots by the Central Bank of Nigeria, (CBN) and Electricity Distribution Companies, (Discos) to collapse the nation’s economy through an ongoing secret moves to cancel Eligible Customer, (EC) scheme. The plot by the cartel if […]

Kebbi Rice Farmers Produces 4m Tonnes Annually — RIFAN

Kebbi Rice Farmers Produces 4m Tonnes Annually — RIFAN       The Chairman, Rice Farmers Association of Nigeria (RIFAN) in Kebbi, Alhaji Muhammed Sahabi-Augie on Sunday said the total rice output produced annually in the state has reached over four million tonnes. Sahabi-Augie told some students on excursion at the Zauro Rice Pyramid near […]

IWD 2021: MAMA Centre Demands Policy Re-alignment, Private Sector Involvement In Gender Equality

IWD 2021: MAMA Centre Demands Policy Re-alignment, Private Sector Involvement In Gender Equality       The Mothers And Marginalised Advocacy Centre (MAMA Centre) commemorates the International Women’s Day 2021 with theme “Women in leadership: Achieving an equal future in a COVID-19 world”. While we on this Day commend the recent political actions and multilateral […]

AfDB Offers SEC $400,000 Grant for Capital Market Devt

AfDB Offers SEC $400,000 Grant for Capital Market Devt     The African Development Bank (AfDB) Group last Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) of Nigeria to strengthen securities markets regulation and broaden market instruments. The funds will go towards strengthening risk-based supervision framework, regulation of derivatives and […]