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Fed Govt slashes our budget by 50%-CBN

The Central Bank of Nigeria (CBN) yesterday said the Federal Government has slashed its budget by 50 per cent, lamenting that the development has seriously affected its capabilities to fund some financial system initiatives. Its Director of the Financial System Stability (FSS 2020), Mr Mohammed Suleiman who spoke when members of

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Pension: EFCC To Prosecute Defaulting Companies

The National Pension Commission(PENCOM) is currently compiling list of companies and organizations defaulting in remitting employees contributions to Pension Fund Administrators (PFA's). The Commission also said it would involve the Economic and Financial Crimes Commission(EFCC) and other law enforcement agencies to prosecute defaulters. The Director-General of PENCOM,Mrs Chinelo Anohu-Amazu, who disclosed these

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