Business

Visible Articles 5 10 15
Pension fund investment in real estate balloons by 418% to N77.8bn

Pension fund investment in real estate balloons by 418% to N77.8bn

By Peter Egwuatu Pension Fund’s investment in Real Estate Investment Trusts, REITs, increased astronomically to N77.8 billion in the first half of 2025, H1’25. This is massive 417.8 percent jump from N15.028 billion recorded in the same period of 2024, HI’24, a reflection of improved interest in the trust. Meanwhile, direct investments of pension funds by […]

POWER: TCN spends N88bn on vandalized infrastructure  

POWER: TCN spends N88bn on vandalized infrastructure  

By Mariam Eko The Transmission Company of Nigeria, TCN, said it has expended over N88 billion on repairs of vandalised infrastructure from 2021 to date nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure at the Odogunyan 132Kv Transmission Substation in Ikorodu, TCN’s Principal Manager, Lines, Engr. Seyi Onabajo, noted that […]

SUGAR: FG’s plan for self sufficiency fails again

SUGAR: FG’s plan for self sufficiency fails again

…As importation rises 328% to N2.2trn •Sugarcane farmers lament neglect, access to sugar refiners By Babajide Komolafe, Economy Editor, Gabriel Ewepu and John Alechenu Reflecting the gross under-performance of the sugar sector after over 15 years efforts towards self-sufficiency through local production, Nigeria’s importation of sugar and sugarcane rose sharply by 328 per cent in five […]

Insurance Act, earnings results spur stock market to 3.2% gain

Insurance Act, earnings results spur stock market to 3.2% gain

By Peter Egwuatu  The newly enacted Insurance Industry Act, improved corporate earnings for the second quarter of the year, Q2’25, and some macro economics development have greatly impacted the stock market, as the major index of the market rose Week on Week, WoW, by 3.2%. Specifically, the Nigerian Exchange Limited, NGX, All Share Index, ASI, closed […]