Report Reveals Nigerian Investors Raise $94bn Climate Capital   It has been revealed that retail investors are able to raise $94bn towards climate change financing in Nigeria by 2030. This was revealed in Standard Chartered’s latest Sustainable Banking Report 2023, which also disclosed that 95 per cent...

Ex-NIRSAL Boss, Abdulhameed Arrested Over N5.6bn Wheat Project Scam   Mr Aliyu Abdulhameed, a former Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), has been arrested almost a year after his sack. NIRSAL is a $500m non-bank financial institution, which was created...

In Five Years, Nigeria’s Revenue Declined by $1.4bn   The Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has revealed that the country’s revenue suffered a significant drop of approximately $1.4 billion, or $275 million annually, between 2015 and 2019 at a time when the...

Companies Raise Employees' Salaries by 18.35% in Six Months   To combat rising inflation in the country, companies increased the salaries of their staff members by 18.35 per cent to N29.45 trillion in the first six months of 2023. This is based on data from the National...

PFAs Invested N130bn in Infrastructure – PenCom   Pension Fund Administrators (PFAs) invested N130.18 billion funds under the Contributory Pension Scheme in infrastructure as of the end of September 2023. Figures obtained from the National Pension Commission (PenCom) on ‘Unaudited report on pension funds industry portfolio for...

Nigeria Leads as Airlines’ Trapped Funds In Africa Hit $1.68bn - IATA   Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 with Nigeria topping the list of debtors, the International Air Transport Association (IATA) has revealed. Other countries...