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...
PFAs Exposure In FGN Securities Rise By 17% To N29.66trn
The hike in Monetary Policy Rate (MPR) by Central Bank of Nigeria (CBN) in an effort to tackle double-digit inflation is driving Pension Fund Administrators (PFAs) to gilt edge securities...
