IPOB: In The North, Igbo Businessmen Living In Palpable Fears     The campaign that the Igbos suffer high level hatred and discrimination in Nigeria notwithstanding, they are everywhere, in villages, cities and towns across the country and this has brought the nation’s economy firmly into their...

Pension Assets Rise By N92bn To N12.34trn       Pension assets, under the Contributory Pension Scheme (CPS) have risen by N92 billion to hit N12.340 trillion in March 2021 from the N12.248tr recorded in February 2021. The unaudited report on Pension Funds Industry Portfolio released by the National...

'Foreign Investors’ Trapped $2bn Dragging Down External Reserves'       The clearing of foreign portfolio investors’ funds that have been trapped in Nigeria for months on the back of foreign exchange scarcity is putting downward pressure on the country’s external reserves. The International Monetary Fund had in February...

Free Zones Reform: Investors Threaten Divestment     Leading investors in Nigerian Free Trade Zones have threatened to commence divestment from the zones and have called on the board of Nigeria Export Processing Zones Authority(NEPZA) to summon a stakeholders' meeting. A leaked draft report from the Federal Ministry of...

Pension Operators Seek Alternative Investments As Assets Decline       The Pension Fund Operators Association of Nigeria has said it is seeking other alternative investment options aside from the government bonds and treasury bills to increase returns on investment. The Chief Executive Officer, PenOp, Oguche Agudah, said this...

Electricity generation drops to 3,922MW …… as 11 plants idle Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle, even as several others suffered declines in the output. Total power generation fell to 3,922.2MW as of 6am on...