Pension Assets Rise By 0.8% To N13trn   Total Pension assets of the Contributory Pension Scheme, CPS, increased by 0.8 per cent Month-on-Month, MoM, to N13 trillion in September 2021 from N12.9 trillion recorded in August 2021. According to the unaudited report on pension funds industry portfolio...

Oil Sector GDP Contribution Drops By N270bn In Nine Months   The contribution of crude petroleum and natural gas sector, which is a subsector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N2.82tn in the first quarter of 2021 to N2.55tn...

FG To Replace Fuel Subsidy With N5,000 Transport Grant To Nigerians The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government will remove fuel subsidy by 2022 and replace it with a N5,000 monthly transportation grant to the poorest...

Experts Blame 2023 Elections For N4.1tn Rise In Recurrent Expenditure   The Federal Government has recorded a N4.18tn increase in its recurrent expenditure in the past six years with experts linking the significant rise especially in the 2022 budget proposal to the upcoming 2023 elections, naira...

Short-term Loans, Others Push Banks’ Assets To N58.51trn   Massive investments in short-term financing and other prudent measures have made the assets of 10 key commercial banks to grow by N8.09tn (a 16.06 per cent increase) to N58.51tn in one year, reports have revealed. Specifically, the combined...

CAC To Generate N24.5bn From Registration Fees, Others   The Corporate Affairs Commission projects to rake in N24.5bn as internally generated revenue in the 2022 fiscal year. The figure was contained in its 2022 budget proposal document submitted to the National Assembly for approval. The sum of N24.5bn...