Contributory Pension Assets Rise To N14.9trn   The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from the National Pension Commission (PenCom). PenCom disclosed in its latest ‘Report on pension industry portfolio for the...

Fuel Scarcity: Consumers Groan As Pump Price Nears N400/litre   Petrol consumers have continued to groan under the burden of skyrocketing prices, as Premium Motor Spirit almost hit N400 per litre over the weekend. Economic Confidential market survey over the weekend showed...

Fed Govt To Deploy PoS Agents For $800m Cash-Transfer Scheme   The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has said that the Federal Government will deploy Point-of-Sales agents for cash transfers during the National Social Safety Net...

FG Says Nigeria Lost N3trn During 2022 Flood   Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, has disclosed that the total direct economic damage of the 2022 flooding, based on currently reported statistics as of...

Electricity Consumers Decry Increase In Tariff   Electricity consumers in the Federal Capital Territory (FCT), have decried the increase in tariff by the Electricity Distribution Companies (DisCOs). According to them, the increase is unjustifiable. The consumers, who spoke to Economic Confidential in...

We have Recovered N1.7trn of Old Naira Notes - Emefiele   The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says N1.7 trillion worth of naira notes have been returned to banks so far,with N500 billion more to go. The bank...