In October, Inflation Slightly Drops To 11.26% – NBS   The consumer price index which measures inflation decreased by 11.26% (year-on-year) in October2018, the National Bureau of Statistics disclosed in its ‘CPI and inflation report October 2018’ which was released on Wednesday. The statistics revealed that this...

NDIC’s Premium Contribution Pool Exceeds N1tr   Premium contributions by insured financial institutions in the country, under the supervision of the Nigeria Deposit Insurance Corporation (NDIC) have risen to N1.07 trillion, according to the compilation of separate figures obtained by The Guardian. Premium contribution forms a major...

Federally Collected Revenue Rose By 8.9% In Q3 - CBN   The nation’s federally collected revenue for the third quarter of this year rose by 8.9% to N2.52tn, compared to the previous quarter, the Central Bank of Nigeria has said. The CBN, in its economic report for...

Constant Revenue Shortfall Affects Nigeria   Nigeria’s debt profile, expectedly, would notch up by $2.93 billion by the end of this week, with a mix of increased costs, courtesy of the ongoing Eurobond debt offering, which government earmarked for capital projects in the 2018 fiscal plan.This...

As Stock Market Reverses Gains, Investors Lose N288bn   Investors in the equities market of the Nigerian Stock Exchange lost N288bn on Wednesday as the stock market reversed the gains it made earlier in the week. The market capitalisation of listed equities, which rose from N11.989tn on...

Investments On Pension Funds Yield 16.42% In 2017 – Data   Investments with accumulated funds in active Retirement Savings Accounts (RSAs) yielded an average of 16.42 per cent in 2017. Data exclusively sourced from the National Pension Commission (PenCom) showed that the 2017 annualized average rate of...