Investors Gain N144.04bn As Stock Market Rises   The equities market of the Nigerian Exchange Limited gained N144.04bn last week as the All-Share Index nears its year-to-date high. The NGX All-Share Index appreciated by 0.66 per cent to close the week at 42,038.60 basis points from 41,763.26bps...

Banks’ Borrowing From CBN Rises By 74% To N901bn   The scarcity of funds (liquidity) in the interbank money market has compelled banks to rely more on the Central Bank of Nigeria (CBN) for short term liquidity needs. Findings show that banks borrowed N901 billion from the...

NNPC To Reconstruct Federal Roads, Projects To Gulp N621.2bn     The federal government has given the Nigerian National Petroleum Company (NNPC) the green light to take over the repairs and reconstruction of 21 critical highways spread across the nation’s six geo-political zones. This is just as the...

'Why Fed Govt Expenditure Fell To N781bn In August'     The Federal Government’s expenditure fell by 18.76 per cent to N781.61bn in August as a result of compression in capital spending relative to their budget. A member of the Monetary Policy Committee, Prof. Adeola Adenikinju, disclosed this...

NNPC Spends N123.7bn As Petrol Subsidy In September   The Nigerian National Petroleum Corporation (NNPC) has revealed that it spent N123.73 billion on petrol subsidy in September 2021. The Corporation in its report to the Federation Account Allocation Committee (FAAC) for October meeting said the amount with...

PenCom Recovers N19.29bn Unremitted Pensions   The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Figures obtained from PenCom’s quarterly report on Tuesday showed...