Resolution Foundation suggests official figures showing growth ‘hugely disrupted’ by furlough scheme Half of British workers had a real-terms pay cut in the year to autumn 2020, despite official figures showing the fastest earnings growth in almost two... Read Full Story
Several banks yet to bring in confirmation of payee, which checks sender is paying the right recipientMillions of UK bank customers are missing out on a vital service designed to help prevent people being scammed by fraudsters.Last year the industry la... Read Full Story
From legal protection to medical services and breakdown benefits, you may be missing outThere are few things better than a discount or a special offer, but while you look out for vouchers and deals, you may have a number of valuable perks available tha... Read Full Story
Brokers say borrowers with reduced incomes should not assume they must move to standard variable rateCoronavirus – latest updatesSee all our coronavirus coverageA third of borrowers who have seen their income fall as a result of the pandemic fear they ... Read Full Story
Anderson was early to spot potential in technology firms such as Tesla, Amazon and AlibabaJames Anderson, the star stock-picker of the FTSE-100-listed Scottish Mortgage Investment Trust, is to step down as manager of the Baillie Gifford fund after more... Read Full Story
CMA acts over contracts that mean leaseholders have to pay ground rents that double every 10 to 15 yearsThe competition watchdog has ordered the housebuilders Taylor Wimpey and Countryside Properties to remove terms in contracts that have made it impos... Read Full Story
The Debt Management Office on Wednesday disclosed that the Federal Government will offer N150bn bonds for subscription in March. A circular by the DMO on its website showed that the breakdown of bonds comprised of three bonds worth N50bn each. They are 10-year reopening bond to be offered at the rate of 16.888 per cent...
Wema Bank Plc said it has launched a special gender discount loan offering to mark the 2020 International Women’s Day. It said in a statement on Wednesday title ‘IWD 2021: Wema Bank celebrates women, launches special gender loan offerings’ that this was part of its commitment to supporting women. The Divisional Head, Retail Business, Wema...
The Managing Director, Sigma Pensions, Mr Dave Uduanu, has said that short term and long-term savings are critical to developments of economies in the world. According to a statement on Wednesday titled ‘Uduanu: Savings, pensions critical to national development’, Uduanu said this during a virtual media engagement organised by the Junior Achievement Nigeria, where participants...
The post Savings, pensions critical to national development –Uduanu appeared first on Punch Newspapers.
Sterling Bank Plc has said it recently upgraded SterlingPro, its market-leading digital banking solution,to give corporate and business banking customers a competitive edge at all times. A statement on Wednesday titled ‘SterlingPro now delivers dream banking experience for businesses’ said this was important as COVID-19 was proving that digital banking was no longer optional. The...
The post Sterling Bank upgrades digital solution for businesses appeared first on Punch Newspapers.
Some UK households in line for hefty refunds of up to £1,000 if new Ofgem plans go aheadThe energy regulator could soon call on suppliers to hand £1.4bn in customer credit back to households under plans to stop energy companies from holding on to custo... Read Full Story
Money and Mental Health Policy Institute says people with mental health problems at risk to falling victim to fraudA charity set up by Martin Lewis has warned the government’s proposed online safety bill needs to be radically overhauled to better prote... Read Full Story
Deposit Money Banks have informed customers that the Central Bank of Nigeria’s ‘Naira-4-dollar scheme’ will end on May 8. This is as they continued to woo their customers to take advantage of the incentive introduced by the regulator, which took effect on March 8. Fidelity Bank, in a mail to its customers, said, “Did you […] Read Full Story
The African Export-Import Bank has announced the signing of a seven-year $350m Term Loan Facility to provide financing to OCP Group of Morocco. The bank made the announcement in a statement it issued in Cairo, Egypt on Monday, adding that the financing was to support the group’s expansion plans across Africa. Prof. Benedict Oramah, the […] Read Full Story
The Central Bank of Nigeria has extended the deadline with respect to call for expressions of interest for appointment as independent infrastructure asset manager for the Infrastructure Corporation of Nigeria Limited. It stated this in a report titled ‘Extension of deadline with respect to call for expressions of interest for appointment as independent infrastructure asset […] Read Full Story
The local bourse resumed the first trading week on a bearish note with key performance indicators dropping by 0.22 per cent, amid profit taking in 19 stocks, the News Agency of Nigeria reports. Speficially, the All-Share Index, which opened the week at 38,648.48 lost 86.64 or 0.22 per cent to close at 38,561.84. Consequently, the […] Read Full Story
U.O.O Nigeria Plc has said it will leverage on its core business area where it has comparative advantage such as in real estate, property development and management for its growth. It said this in a statement on Monday titled ‘U.O.O Nigeria Plc holds 30th AGM, declares bright future’. The statement said during the 30th annual […] Read Full Story
The President, Major General Muhammadu Buhari (retd.), on Monday said the Federal Government had allocated 0.5 per cent of the country’s annual Gross Domestic Product to improve investments and aid the development of science, technology and innovation in Nigeria. He said the investment in STI was in line with the African Union resolution that member […] Read Full Story
Scheme launched so low-income households are not paying too much for utilitiesA scheme to help low-income households avoid paying too much for their energy bills is being launched by Virgin Money, which has said it wants to ensure none of its customers... Read Full Story
Critics say strategy ‘lacks ambition’ in addressing challenge of getting people back on to public transportA new £3bn transport strategy will lead to the creation of hundreds of miles of new bus lanes, fares with daily price caps and more evening and w... Read Full Story
Nike Popoola Sterling Bank Plc has assured the Cross River State Government of its continued support and partnership in the implementation of the state’s health insurance scheme tagged ‘Ayade Care’. It said this on Sunday in a statement titled ‘Sterling Bank assures Cross River on health insurance scheme’. The statement said the state government recently […] Read Full Story
Page International Financial Services Limited has become an approved employer of the Association of Certified Chartered Accountants in professional development and trainee development. The ACCA approved employer status is awarded to organisations that offer professional development opportunities to their finance professionals and that demonstrate superior professional ethics, according to a statement titled, ‘Page Financials becomes […] Read Full Story
A representative of ARM Trustees Limited, Henry Hollingdrake, has said that estate planning offers protection considering potential circumstances which may impact on a person’s wealth. According to a statement on Friday titled ‘Most of your wealth may not make it to the next generation- Henry Hollingdrake’, he said this at a round table discussion. He […] Read Full Story
The President, Institute of Chartered Accountants of Nigeria, Onome Adewuyi, has said to remain relevant, accountants need to keep pace and embrace the changing dynamics linked to disruptive technology. She also said in its resolve to bridge the capacity building gap in the profession, it had reached an advanced stage in the establishment of a […] Read Full Story
Ballot over job cuts and site closures could mean first nationwide industrial action since 1987BT is facing the threat of its first national strike since 1987 as a row about planned job cuts and site closures intensifies.The Communication Workers Union... Read Full Story