CBN Orders Banks To Save Gains From FX Revaluation   The Central Bank of Nigeria, CBN, has ordered banks to save gains from foreign exchange (FX) revaluation as a buffer against emerging economic shocks. The regulator in this regard stopped banks from...

Contributory Pension Scheme Now N17trn - PenCom   The National Pension Commission (PenCom) has revealed that the Contributory Pension Scheme has hit N17.7 trillion as of the end of July 2023.The Pension management body said the pension asset increased by about...

Macroeconomic Management: Nigeria Needs Urgent Structural Reforms - World Bank   The World Bank has raised concerns over Nigeria’s macroeconomic management, calling for an urgent need for structural reforms to among other things improve revenue mobilization and financial management. The Bank said...

Brent Crude Hits $92 Per Barrel   Oil price, on Friday, edged up to over $9o a barrel for the first time since November 2022. Brent crude, the global oil benchmark, increased by 1.69 percent to $92.23 a barrel, while US West...

'UAE Visa Ban Lift’ll Transform Stock Exchange'   Billionaire businessman, Mr Femi Otedola, yesterday, commended President Bola Tinubu for resolving the United Arab Emirates, UAE, visa ban on Nigerians. While commenting on the efforts by Tinubu to resolve the impasse between Nigeria...

Customs Generates N1.9bn Revenue, Intercepts 415, 050 Litres Of Petrol   Seme Area Command of the Nigeria Customs Service (NCS) said it generated over N1.9 billion revenue and intercepted 415,050 litres of petroleum, hard drugs as well as 16 loads trailer...