Despite Concerns Over Capital, Banking Index Rises By 6%   During the past week, the banking index of the Nigeria Exchange Limited (NGX) recorded the highest gain of 6.08 per cent week-on-week compared to other indexes on the local bourse as...

Nigerian Banks Are Buoyant, CBN Assures   The Central Bank of Nigeria (CBN), has assured the banking public that Nigerian banks are buoyant. The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi Ali. Ali’s statement...

PFAs Generates N8trn Profit From Pension Investments   The Pension Fund Administrators (PFAs) have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under the Contributory Pension Scheme, according to a new report. The report, obtained from...

External Reserves Decline by $520m in Five Weeks – CBN   The country’s external reserves fell by $520.22 in five weeks, figures obtained from the Central Bank of Nigeria (CBN) revealed. According to CBN’s data on movement in reserves, the figures which...

Three Major Oil Firms Project N290bn Revenue in Q1, 2024   Three oil and gas firms have projected a total of N290 billion in terms of revenue for the first quarter of 2024. These projections were stated in their earnings forecast filed...

2024 Hajj: NAHCON Secures 40 Slots for Tour Operators   The Saudi Ministry of Hajj and Umrah has approved Federal Government of Nigeria’s demand to increase the 2024 slots of Tour Operators from 10 to 40. The National Hajj Commission of Nigeria...