Lagos pays N1.8bn as pension in 1 year

Lagos State Government on Monday said that it paid a total of N1, 846 billion as pension from May 31, 2016 to April 30, 2017. The state Commissioner for Establishment, Training and Pensions, Dr Akintola Benson-Oke, made the disclosure at the 2017 Ministerial Press Briefing to mark Gov. Akinwunmi Ambode’s two years in office. The […]

Vodafone sells $2.6 billion Safaricom stake to S.African unit

Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share deal will transfer a 35 percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit, raising the parent’s stake in its South African business […]

CBN tasks other financial institutions on proper rendition of returns

CBN

The Central Bank of Nigeria (CBN) has tasked other financial institutions (OFIs) on proper and prompt rendition of returns for it to effectively assess and mitigate money laundering-risks in the industry. In a circular signed by Tokunbo Martins, its director of other financial institutions supervision department, and addressed to all OFIs, the CBN noted the […]