PFAs Generates N8trn Profit From Pension Investments
The Pension Fund Administrators (PFAs) have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under the Contributory Pension Scheme, according to a new report.
The report, obtained from the Pension Fund Operators Association...
External Reserves Decline by $520m in Five Weeks – CBN
The country’s external reserves fell by $520.22 in five weeks, figures obtained from the Central Bank of Nigeria (CBN) revealed.
According to CBN’s data on movement in reserves, the figures which stood at $33.396bn as of...
Tinubu's Vision to Revitalise Nigeria's Economy with Privatisation, Commercialisation, PPPs - Shettima
Vice President Kashim Shettima has implored new members of the National Council on Privatisation (NCP) to station themselves on the frontline of actualising the renewed hope agenda of the President Bola Ahmed Tinubu...
IPMAN Cries Out as Price of Petrol Truck Increases
Petrol truck cost has risen from N7 million in May to N25 million right now. This is according to Akin Akinrinade, the Chairman of the Independent Petroleum Marketers Association of Nigeria in the Satellite Depot branch.
Punch...
External Reserves Decline by $1.65bn in Six Months
Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria (CBN) tried to unify the country’s foreign exchange rates.
On June 14, the apex bank asked Deposit Money Banks to remove the...
CSOs Kicks as Finance, Power Ministries Get N618bn Multilateral Loan
Civil society organisations and power consumer groups have expressed concern over the N618bn multilateral and bilateral loans allocated to the Ministries of Finance and Power in the 2024 budget.
Although the budget captured it as project-tied...
