Rambling On Redesigning The Naira, by Nasir Aminu   Redesigning currencies is an activity for sovereign nations. It allows the currency-issuing country to improve the currency’s security to deter counterfeiting. The new notes come with cleaner materials to avoid contamination and...

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...