Pension assets surge 51% to N31.48trn in two years
Pension assets surged from N20.79tn to N31.48tn, a 51 per cent increase representing N10.7tn in new retirement funds in the…
DMO reopens three FGN bonds, targets N1.2 trillion at July auction
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has announced plans to raise up to…
Nigeria’s $22 billion pension industry eyes Infrastructure Fund
The National Pension Commission (PenCom) is developing a new investment vehicle that would channel part of Nigeria’s $22 billion pension…
Top banks battle fresh N531.6bn capital shortfall as CBN tightens rules
Nigeria’s largest banks could be forced into another round of capital raising despite completing recapitalisation exercises earlier this year, as…
NAICOM charges NIA to rebuild public trust in insurance
The Commissioner for Insurance, National Insurance Commission (NAICOM) Mr. Olusegun Ayo Omosehin, has charged the Nigerian Insurers Association (NIA) to…
World Bank retains Nigeria’s lower-middle income status for 2027 classification
The World Bank has retained Nigeria’s lower-middle income classification for its 2027 fiscal year. This places Nigeria within the income…
IMF projects 4.7% global inflation, 3% economic growth
The World Bank has retained Nigeria’s lower-middle income classification for its 2027 fiscal year. This places Nigeria within the income…
Nigeria, Hong Kong seal pact to eliminate double taxation, boost investment
Nigeria has signed an agreement with the Hong Kong Special Administrative Region of the People’s Republic of China to eliminate…
Dollar demand pressures naira despite CBN’s N250m intervention
Demand for foreign currency remained elevated for a second consecutive week, piling fresh pressure on the naira despite a combined…
Nigeria’s economy exits contraction but households remain pessimistic, says CBN
Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in…