Pension Fund Declines 0.47% to N19.669tn in 18 Months - Report
The pension fund of Nigeria has declined for the first time in 18 months after portfolio rebalancing by Pension Fund Administrators.
Monthly data from the National Pension Commission showed that the pension fund declined by...
Currency Management Necessary in Expunging Corruption, Artificial Element in Naira Value
President Bola Tinubu says currency management in the country is necessary to remove the artificial element of the value of the naira.
Tinubu spoke on Sunday during the opening plenary of the World Economic Forum...
Dollar Demand for Education, Health in Nigeria Hits $1.8bn in Nine Months
The Central Bank of Nigeria dollar supply for foreign educational and health-related expenses rose by 49.22 percent to $1.81 billion in the nine months spanning January to September 2023.
According to CBN data, Nigeria’s...
Naira Resurgence, Foreign Reserves and the Illusion of Truth, by Abdulrahman Abdulraheem
Famous psychologist, Tom Stafford, believes repetition makes a claim seem more true, regardless of whether it is or not. Understanding this effect can help one avoid falling for propaganda.
“Repeat a lie often enough...
CBN Injects Dollars into BDCs at N1,021 per Dollar
The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau De Change (BDC) operator nationwide.
This marks the second such intervention this month by the apex bank.
In a circular addressed to...
‘Remittance Task Force’ to Operate Under Cardoso’s Direct Supervision - CBN
The Central Bank of Nigeria (CBN) has announced the formation of a “Remittance Task Force,” a specialized team dedicated to overseeing remittances and ensuring their smooth operation.
The Governor of the CBN, Yemi Cardoso, made...
