Insurance Sector Shrinks By 7% Over Cash Crunch – NBS   The insurance sector’s growth fell by 7.25 per cent in the first quarter of 2023, the latest figures obtained from the National Bureau of Statistics (NBS) have revealed. The NBS disclosed in its ‘Nigeria Gross Domestic...

15-Year-old Nigerian Actually Holds Guinness World Records in Football, PRNigeria Fact-Check Reveals A 15-year-old Nigerian, Vincent Okezie, is actually a recipient of Guinness World Record in football, a PRNigeria fact-check has revealed. The fact-check confirmed a widely shared Facebook post which claimed that one 15-year-old Vincent...

In Three Months, Commercial Papers Hit N539bn   The value of quoted commercial papers on the FMDQ Exchange stood at N539.22bn at the end of the first quarter of 2023 with the total outstanding value of CPs rising to N669.36bn at the end of the same...

CIBN Revenue Rises By 16% To N2.06bn In 2022   The Chartered Institute of Bankers of Nigeria (CIBN) said its revenue rose by 16.9 percent to N2.06 billion in 2022 from N1.76 billion in 2021. The Institute also said that its net assets and net operating surplus...

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 as their exposure to federal...

NBS only Agency Authorised to Issue Unemployment Figures in Nigeria, Says Satistician-General   The Statistician-General of the Federation, Prince Semiu Adeyemi Adeniran, has cautioned Nigerians and urged them to discard and disregard any unemployment figures or data coming from any other body or organisation aside the...