FG Releases N16.7bn For Accrued Pension Rights   The Federal Government has released N16.67 billion for payment of accrued pension rights under the contributory pension scheme, the Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar has said. Mrs. Dahir-Umar, who made this known yesterday in a statement,...

Market Capitalisation Drops By N238bn After Two-day Christmas Holidays   The market capitalization of the Nigerian Exchange Limited (NGX) commenced trading yesterday after a two-day Christmas holiday, dropping by N238billion on the heels of investors’ profit-taking. The market resumed trading activities yesterday after the public holidays, Monday...

CBN Disburses N108.65bn To Hospitals, Pharmaceutical Firms   The Central Bank of Nigeria has said it disbursed N108.65bn to hospitals and pharmaceutical industry in 18 months. A CBN report said this was disclosed at the last Monetary Policy Committee meeting. It said, “The bank has also cumulatively disbursed...

In Four Years, AMCON Gulped N654bn From 12 Banks As Sector Resolution Funds   With the growing assets due to business expansions, among other factors, Assets Management Corporation of Nigeria (AMCON) between 2020 and 2017 has collected N6654billion from 12 banks operating in the country. The 12...

FG Trades N72.4bn Solid Minerals In Q3, 2021   The National Bureau of Statistics (NBS) has said Nigeria traded a total of N72.4 billion solid minerals in the third quarter (Q3) of 2021. “The total value of solid minerals trade in Q3 2021 stood at N72.4 billion,”...

Christmas Week Trades Add $77.89bn To Bitcoin Market Cap   The market capitalisation of Bitcoin increased by $77.89bn during the week leading up to Christmas. On December 19, BTC had a market cap of $883.01bn. It opened trading at $46,853.87, recorded a high of $48,089.66, but closed...