MyCredit Investments List N2.50bn Commercial Paper

FMDQ Securities Exchange Limited, has approved the quotation of MyCredit Investments Limited N2.50 billion Series one Commercial Paper (CP) on its platform. The Exchange stated that this is part of its mandate to accelerate the development of the Nigerian debt markets, as it will continue to use its platform to …

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PenCom Fines Defaulting Firms N12.093bn

The National Pension Commission (PenCom) has sanctioned defaulting companies N12.09billion monetary fines, LEADERSHIP learnt. This is aside the N12.440 billion principal contributions recouped, making a total payment of N24.5billion by employers who failed to remit the pension contributions of their workers as and when due. The penalty payment was for …

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I Will Liberate Imo, Says PDP Guber Candidate

  The governorship candidate of Peoples Democratic Party (PDP) in Imo State Sen Samuel Anyanwu, has assured his political party stakeholders that they will never regret having him as their party gubernatorial candidate in the forthcoming November 11    governorship election in the state. Anyanwu disclosed this while thanking  PDP leaders …

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Otti Launches New Tax System For Transporters, Traders

Dr. Alex Otti- Abia State Governor The Abia State governor, Dr. Alex Otti, on Monday launched a new digital tax system that would help the state eliminate fraud and intermediaries in revenue generation. The new system, which integrates free medical insurance scheme for all commercial vehicle drivers and riders of …

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Stanbic IBTC Bank Nigeria PMI®: Inflationary pressures mount following fuel subsidy removal

  The removal of the fuel subsidy in Nigeria caused a sharp strengthening of price pressures in June. In turn, rates of expansion in output and new orders softened but remained marked nonetheless. Business confidence dipped to a near-record low. Intensifying inflationary pressures encouraged companies to expand inventories to try and get ahead of further price increases. Meanwhile, …

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