PenCom kicks against bill seeking payment of “at least 75 per cent” lump sum to retirees
The National Pension Commission (PenCom) has frowned at the suggested payment of “at least 75 per cent’’ lump sum to retiring workers under the Contributory Pension Scheme (CPS). The suggestion was made in the Pension Reform Amendment Bill currently before the National Assembly. PenCom’s Director-General, Aisha Dahir-Umar, said the suggestion
Union Bank’s 2021 revenue touches record high of N177.3 billion but profit drops
Nigeria’s second oldest financial institution, Union Bank, attained a revenue milestone in 2021 as its gross earnings for the year hit an all-time peak of N177.3 billion, its audited financials obtained from the Nigerian Exchange showed on Wednesday. The feat rested on a more-than-double elevation in cash from recovered debt
P-Harcourt refinery to refine 60,000 bpsd by Q1 2023 — FG
Minister of State for Petroleum Resources, Mr Timipre Sylva, has said the Port Harcourt refinery was on course to resume operations by the first quarter of 2023. Sylva spoke while fielding questions from journalists shortly after the facility tour in Eleme, Rivers, on Tuesday. In 2021, the Nigerian National Petroleum