'Total Pension Assets'll Hit N20trn By 2023'       Nigerian pension industry’s net assets is expected to hit the N20tn mark by 2023, recording an average growth of 18 per cent in the next three years leading to 2023, the insurance industry’s net assets, Augusto & Co,...

'Nigeria Needs $3trn For Infrastructure In 30 Years'       Agusto & Co., a rating agency and research firm, has said Nigeria has a huge infrastructural deficit and requires up to $3tn over the next 30 years to bridge this gap. It said in a report on Monday...

Petrol Supply Fell By 23.88% In July, Says NNPC       The volume of petrol supplied in the country declined by 23.88 per cent in July to 1.02 billion litres, according to the Nigerian National Petroleum Corporation. The NNPC said the 1.02 billion litres translated to 32.95 million...

Oil Servicing Firms May Go Bankrupt - Report     With the crude oil market likely to remain depressed for the rest of 2020, some oil servicing companies in Nigeria may eventually go bankrupt, Agusto & Co. has said. The rating agency and research firm, in its 2020...

Fuel Marketers’ Revenue To Drop By N400bn – Report     The total revenue from the sale of petroleum products in Nigeria is expected to fall by N400bn this year on the back of the impact of the COVID-19 pandemic on fuel consumption, a new report by...

Pension Assets To Grow By 8.5% In 2020 – Report     Assets under the Contributory Pension Scheme have been estimated to record an 8.5 per cent growth in 2020 despite the effect of COVID-19 pandemic. Agusto & Co. stated this in its pension industry report on Tuesday,...