Nigeria’s External Reserves Plunged Despite Intensified Intervention   The Central Bank of Nigeria (CBN) increased intervention in the foreign exchange market not withstanding, Nigeria’s external reserves depreciated by $866.2 million or 2.26 per cent in October 2022 to $37.39 billion from...

In One Month, Pension Assets Drop By N2bn   The total assets under the contributory pension scheme lost nearly N2bn in one month. This was contained in the National Pension Commission’s latest report titled, ‘Unaudited report on pension funds industry portfolio for...

Naira Now Among Worst Performing Currencies Globally, Report Reveals   While officially, Nigeria’s naira can be said to be doing well this year, down just 4 per cent against a strong US dollar, ahead of the Canadian dollar and the Swiss...

After October Loss, Nigerian Equities Regain Rally With N194bn Gain   After losing a whopping N2.8 trillion in October 2022, Nigerian equities saw a modest recovery in the first week of November as renewed bargain-hunting drove the market to net capital...

Non-oil Export Increases To $2.59bn In H1, 2022   The country’s non-oil export rose to about $2.59 billion in the first half of the year, representing an increase of 62.37 per cent compared to $1.60 billion recorded during the same period...

Fed Govt Eyes N834trn To Meet Net Zero Target   The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and meeting...