'Nigeria Not Generating Enough Revenue to Support Devt'
Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund (IMF) has disclosed.
According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio...
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...
