CBN Slashes Cash Mop by 82% to N150bn
In a bid to stimulate economic growth worsened by unprecedented rise in prices of goods and services, the Central Bank of Nigeria (CBN) reduced its cash mop up operation by 82 per cent to N150 billion in...
External Reserves Drop by $841m in Three Months
Nigeria’s external reserves fell by $841.75m between July and September, figures obtained from the Central Bank of Nigeria (CBN) revealed.
The CBN revealed in its report on the movement of external reserves that the reserves, which stood at...
Pension in N2.4trn Deficit Before Reforms, Says PenCom Boss
The Director-General of the National Pension Commission (PenCom) Mrs Aisha Dahir-Umar, has stated that the pension reforms in the country started when Nigeria was struggling with a N2.4tn deficit.
This was disclosed in a new book titled...
Nigeria Borrowed $1.21bn as 28 States Failed to Attract Foreign Investments
Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023.
This is as 28 states failed to attract any foreign investments in the time under review, according...
Only 40m Out of 200m Nigerians Pay Tax – RMAFC
Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Bello Shehu, has revealed that only 40 million
out of over 200 million Nigerians currently pay taxes to the nation’s coffers.
Speaking with Economic Confidential, Shehu said that...
Reps To Probe N15.5trn Pension Assets
The House of Representatives is set to investigate the status of N15.5 trillion pension assets being regulated by the National Pension Commission (PenCom).
It will also probe the status of the N10trn loaned to the federal government and efforts being...
