Nigeria Loses N313bn As Oil Theft, Shutdown Rise   Rising oil thefts and workers’ strikes have led to a huge drop in Nigeria’s oil production output, culminating in the loss of hundreds of billions of naira in oil earnings. Crude oil production...

Report Revealed Contributory Pensions Gained N590bn In Q1, 2023   The assets under the Contributory Pension Scheme rose by N590bn in the first quarter of 2023, figures from the National Pension Commission (PenCom) have revealed. The figures disclosed that the assets rose...

FG Seeks To Borrow N360bn In New Bond Auction   The Federal Government will today raise about N360 billion in new borrowings as part of its regular debt issuance to finance budget deficit and augment national revenue. It is the last...

Stocks Investors Record N136bn Loss In a Week   Stocks investors lost N136bn at the end of trading last week on the Nigerian Exchange Limited (NGX). Suffering a dip which saw mixed sentiments was the All-Share Index, which depreciated by 0.48 per...

CBN Gives Banks 30-day Deadline To Close Accounts Without BVN   The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). Data from the Nigeria Inter-Bank Settlement System (NIBSS)...

Budget Deficits, Low Revenue To Blame For Rising Debts – DMO   The Debt Management Office (DMO) has said decades of operating budget deficits by successive governments were responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said...