This is an Act to establish the Petroleum Equalisation Fund which is to be applied for the reimbursement of petroleum marketing companies for any losses suffered by them arising from the sale of petroleum products at uniform prices throughout Nigeria and a Management Board to manage the affairs of the… Read more
The present practice whereby pension funds are audited independently at different periods with the PFAs and PFCs, has led to incomplete and incomprehensive audit reports of the funds. This practice impinges on balanced regulatory judgment and is of concern to the Commission.
The foregoing have made it imperative for the Commission… Read more
The Securities and Exchange Commission (SEC) says it has instituted a N5 billion investors protection fund to compensate investors in line with the Capital Market Master Plan.
The Director-General, SEC, Mr Mounir Gwarzo said this in an interview with our correspondent.
According to Gwarzo, the commission will pay… Read more
The Central Bank of Nigeria (CBN) said on Monday that it would sanction Money Deposit Banks (MDBs) still collecting payments under the Nigerian Content Development Fund without remitting same to dedicated account opened for the fund at the apex bank.
The News Agency of Nigeria (NAN) reported that… Read more