Pension Funds’ investment in infrastructure grows by 54.1% to N242.2bn
By Peter Egwuatu Pension Funds’ investment in infrastructure grew by 54.1% YoY to N242.243 billion in 2024 from N157.230 billion in 2023, indicating increased participation in infrastructure financing in the country. However, infrastructure funds still account for 0.9% of the total Pension Funds Net Asset Value, NAV, which stood at N22.512 trillion in 2024. Vanguard’s analysis from […]
Naira rises to N1,565/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,565 per dollar in the parallel market from N1,570 per dollar on Monday. But the Naira depreciated to N1,537 per dollar in the Nigerian Foreign Exchange Market (NFEM) Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose […]
Though an asset, El-Rufai has weaknesses to work on — SDP’s Adebayo
The presidential candidate of Social Democratic Party, SDP, in the 2023 elections, Adewole Adebayo, has described former governor of Kaduna State, Nasir el-Rufai, as an asset with a proven track record of exemplary public service.
Boho Studio launches SplitPay
Boho Studio Limited, a leading e-commerce furniture brand in Nigeria, today announced the launch of SplitPay, a flexible payment solution designed to make premium furniture more accessible to a wider audience. Since its launch, Boho Studio has focused on providing high-quality, DIY-friendly furniture that blends modern design with affordability. SplitPay is a direct response to […]
Lagos to experience above normal rainfall in 2025 – Commissioner
Lagos State Government said the state is expected to experience above normal rainfall in 2025, with a total of an annual amount of 1952mm predicted rainfall.
NiMet warns 19 states of impending heat stress
…Urges safety precautions The Nigerian Meteorological Agency, NiMet, has warned residents in 19 states, the South-East, and coastal areas of impending heat stress. According to the agency, the states that would be mostly affected are those in north-central and in the east; Kebbi, Niger, Kwara, Oyo, Kogi, Nasarawa, Benue, Enugu, Anambra, Abia, Ebonyi, Cross River, […]
