Jigawa, Akwa-Ibom Lead as States Record $910m Forex Gain   No fewer than 13 state governments recorded significant Foreign exchange revaluation profits worth N71.59 billion in three months. This was disclosed through data obtained from the third quarter budget implementation report (July to September) on each state’s...

222,141 Workers Dump PFAs, Move N908bn – PenCom   No fewer than 222,141 workers have changed their Pension Fund Administrators and moved N908.363bn from their Retirement Savings Accounts since the National Pension Commission opened the window of transfer. PenCom disclosed this in its transfers report on ‘Quarterly...

'Inflation Jumps 24 Times in 25 Months'   Nigeria has experienced 24 times an increase in inflation in the past two years (25 months). This is according to a review of the Commodity Price Index reports published by the National Bureau of Statistics (NBS). The analysis showed that...

Currency in Circulation Hits New High   As latest data indicate, the currency in circulation (CIC) reached a new high of N2.99 trillion at the end of October 2023, it appears that the Central Bank of Nigeria (CBN)’s policies and leadership changes have been playing a...

MTN, Airtel, Glo, Other Telecom Operators Threaten to Increase Tariffs The Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Nigerian Communication Commission (NCC) have threatened to increase telecommunication tariffs due to the current tariff regime’s lack of sustainability. The thought of increasing the tariffs,...

Monetary Reforms Yielding Positive Results - CBN The Central Bank of Nigeria said that its monetary policy reforms are beginning to have positive effects on the country’s economy. Reacting to the just-released inflation rate for October in a statement issued by the Director of the Corporate...