Tag: Finance
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Payroll outsourcing risks take spotlight in suit against Bloomberg in Nigeria
This ebook highlights the risks involved with payroll outsourcing and provides the necessary guardrails and safeguards for navigating such situations.
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IMF in Article IV Consultation With Nigeria’s Petroleum Ministry, NNPC
PRESS RELEASE April 11, 2025 – The Ministry of Petroleum Resources (MPR), alongside three agencies under its supervision—the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Nigerian National Petroleum Company Limited (NNPCL), recently participated in the ongoing International Monetary Fund (IMF)…
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CBN Prohibits Use of Foreign-Currency Denominated Collaterals for Naira Loans
LETTER TO ALL BANKS Abuja, April 8 – THE USE OF FOREIGN-CURRENCY-DENOMINATED COLLATERALS FOR NAIRA LOANS The Central Bank of Nigeria has observed the prevailing situation where bank customers use Foreign Currency (FCY) as collaterals for Naira loans. Consequently, the current practice of using foreign currency-denominatedcollaterals for Naira loans is…
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FAAC Meeting: FG, States and LGCs Share 1.152 Trillion Naira for February 2024
Press Release Abuja, March 22 – The Federation Account Allocation Committee (FAAC), at its February 2024 meeting chaired by the Honourable Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, shared a total sum of N1,152.756 trillion to the three tiers of government as Federation Allocation for the month…
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Royal Exchange Assurance Statement on Anticipated Late Submission of Audited Financial Statements
Statement on Anticipated Late Submission of Audited Financial Statements for the Year Ended 31st December 2023 and Unaudited Financial Statements for the Period Ending 31st March 2024 Lagos, Feb. 21 – The Management of Royal Exchange Pic (the Company) wishes ot inform the Company’s esteemed shareholders, key stakeholders, and the…
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Africa Finance Corporation Commits up to US$40 Million Equity Investment in the African Medical Centre of Excellence (AMCE Abuja) to Revolutionise Healthcare Advancements in West Africa
Abuja, Feb. 21 – Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading instrumental infrastructure solutions provider, today signed an equity investment term sheet, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital. The visionary 500-bed medical health facility is currently being…
TNG Presswire 