PFAs Stake N5.2tn On FGN Securities Out of the total N7.52tn total pension assets as of December 31, 2017, about N5.2tn, representing 70 per cent of the entire fund, was invested in Federal Government securities by Pension Fund Administrators. The figures are contained in the 2017...

FG, State Borrows N1.16trn From Equity Market To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about N1.16trn from the equities market in 2018, including the maiden N100 billion Sukuk designed to fund critical road network across...

Stock Market Post Slight Gains As Losing Streak Ends The nation’s stock market closed on a positive note on Thursday for the first time this year as it posted slight gains at the end of trading. The All-Share Index rose by 0.62 per cent to close...

In Just Three Months, Oil Sector FDI Drops By $17.12m Foreign Direct Investment in Nigeria’s oil sector dropped by $17.12m in the third quarter of 2018, the Nigerian Natural Resource Charter stated on Wednesday. According to the NNRC, foreign investments in the sector plunged from $24.85m...

Egbin, Shiroro Hydropower Plants Record Decline In Power Generation The nation’s biggest power station, Egbin, and one of the three hydropower plants, Shiroro, have recorded significant declines in their output. Six of the nation’s 27 power plants were idle on Monday, according to industry data obtained...

IATA Estimates Global Industry Profit Of $35.5bn In 2019 The International Air Transport Association (IATA) has estimated that the global airline industry net profit will hit $35.5 billion in 2019, slightly above the $32.3 billion expected net profit in 2018. This was revised down from $33.8...