Pension Assets Rise By N842.73bn In H1, 2022
Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit N14.27tn as of the end of June.
Figures obtained from the National Pension Commission on its ‘Unaudited report on pension funds...
Telecom Subscribers to Pay 5% Tax on Call, Text, Data - FG
The Federal Government has disclosed that telecommunications subscribers would pay five per cent tax on calls, SMS and data services.
Meanwhile, stakeholders in the industry have expressed dissatisfaction over government’s resolve to implement five...
Just in: Naira Crashes to N710 to a Dollar
The Nigerian naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex.
Checks by Economic Confidential on Wednesday showed the current parallel market rate pegged at...
IFC Approves $35m For Food Security In Africa
The International Finance Corporation (IFC) is offering a $35 million financing package to Jubaili Agrotec, a Nigeria-based agrochemicals manufacturer and distributor, to increase smallholder farmers’ access to key input and boost food production to strengthen food security...
CBN Funding to Hit N23.2trn as Debt Servicing Outpaces Revenue
With the amount spent on debt servicing in the first four months of 2022 outweighing the revenue of the country, analysts have projected that the Central Bank of Nigeria (CBN) financing of government through ways...
PenCom Okays N13.21bn For Annuity Retirees
The National Pension Commission has approved N13.21bn lump sum payments to annuity retirees in the first quarter of 2022.
This is according to data obtained from the commission’s quarterly report on ‘Retiree life annuity’.
It stated that, “The commission granted approval...
