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Relief coming with more forex, reduced inflation — CBN, NESG vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
It is no news that the prices of food in the country have skyrocketed. These days, most food items purchased are 100% costlier than the previous prices depending on the consumption and seasons of these food items. ....
Naira depreciates to N664.04/$ as CBN lifts restrictions vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Cash woes: FG after dormant accounts, unclaimed dividends On …Bankers surprised, unaware “From the commencement of this Act, any unclaimed dividend of a public limited liability company quoted on the Nigerian Stock Exchange and any unutilised amounts in a dormant bank account maintained in or by a deposit money bank which has remained unclaimed or unutilised for a period of not less than six years from the date of declaring the dividend or domiciling the funds in a bank account shall be transferred immediately to the Unclaimed Funds Trust Fund.” FINANCE ACT 2020, SECTION 77, 1-3 By Babajide Komolafe, Nkiru Nnorom, Rosemary Onuoha & Elizabeth Adegbesan ....
INSURANCE Following an Interim Injunction from the High Court to suspend the recapitalization of insurance companies, pending the determination of the suit challenging the process, the National Insurance Commission (NAICOM) said it has complied with the court order and will waive the initial mandate given to companies to meet up with half of the recapitalization directive by the last day of the year. “The first phase of the recapitalisation of insurance and reinsurance companies would have been concluded yesterday, as it is customary, by 12 midnight.“Spokesperson of NAICOM, Mr. Rasaaq Salami, who disclosed this said: “You are aware that the issue is in court and there is an interim order of the Court. NAICOM being a responsible and law abiding organisation will respect the order of the court.” ....