In Seven Months, Pension Funds Rose By N480bn         The total pension fund assets under the Contributory Pension Scheme rose by N480bn between January and July 2021. Figures obtained from the National Pension Commission on its unaudited report on the pension funds industry portfolio for the period...

Regulatory Costs, Inflation Push Banks’ Operating Expenses To N874bn           Nine commercial banks in Nigeria recorded an aggregate operating expense of N874.8bn in the first half of the year. This figure indicates an increase of N51.9bn from the total OPEX of N822.9bn recorded in the corresponding period...

Daily Fuel Consumption Rises To 72m Litres As Subsidy Hits N541.66bn             Petrol consumption in the country jumped from 55.59 million litres a day in April to 72.07 million litres per day in the month of May. This shows that in the month of May, petrol consumption...

FG, States, LGs Shared N697bn Revenue In August – FAAC             The Federation Accounts Allocation Committee on Wednesday said it shared a total of N696.965bn as August 2021 revenue to the Federal, States and Local Governments as well as other relevant agencies in Nigeria. The Office of...