How is the Payment of Gratuity Act 1972 Calculated

On 21 August 1972, a bill was passed in the Indian parliament for the regulations of wages. This bill “payment of gratuity” was passed keeping in mind, loyal employees who had been rendering services to the same employer for a longer period of time. The main principle behind passing the bill was to monetarily help employees who are retiring or…

South African Airways in Talks with Banks for Cash Needs

The South African Airways talking with its banker, new lenders and the government. But the talking won’t pay off the 12.7 billion rands about $842 million of imminently maturing debt. South African Airways is the main carrier of South Africa with Its headquarters in Airways Park on the grounds of O. R. Tambo International Airport in Kempton Park, Ekurhuleni, Gauteng….

Your Credit History and what You Should Know

We’re not talking about the alert you receive from your bank when someone pays in some money into your account – although that’s really important too. We are referring to Credit score which represents how creditworthy you are. This number is what lending houses use to determine whether they should give you a loan or not. Your credit score is…

Nigerian Stock Exchange (NSE) N113 Billion Capitalization

The Nigerian Stock Exchange (NSE) transactions rebounded following the gains posted by some highly capitalized equities. News Agency of Nigeria (NAN) reports that the market capitalization inched N113 billion or 0.95 percent to close at N11.946 trillion against N11.833 trillion recorded earlier. All-Share Index, which opened at 32,413.48, rose by 308.70 points or 0.95 percent to close higher at 32,722.18….

Housing Deficit Using Capital Market and Pension Funds

Housing deficit is a deficiency or lack in the number of houses needed to accommodate the population of an area. There are many issues on the ground about the housing deficit in Nigeria, but the biggest issue is the non-affordability of the houses that are available for the citizens. Looking at the salary of the civil servant, which of them…