NNPC’s 2026 revenue hits N28.5trn, jumps 21% in August
Reports indicated NNPC generated N2.571trn in January, N2.680trn in February and N2.774trn in March before revenue surged to N4.971trn in April
Nigeria losing business to extortionists at borders— Ghana Consul General
THE government of Ghana has urged Nigeria to remove all bottlenecks, extortions, and harassments across the borders to enhance intra-Africa trade.
Prestige Assurance to grow GPI by N9b in 2021
Prestige Assurance to grow GPI by N9b in 2021
PFAs as the next investment destination
If a pension is deemed to be an invaluable source of income for the retired, and the Federal Government of Nigeria so motivated, introduced the Pension Reform Act of 2004, it should not be a surprise that within 13 years from inception, the pension industry has already risen to N6.02 trillion assets under management. The rate of growth is quite remarkable when compared to the 125-year-old Nigerian banking industry that stands at slightly over N30 trillion.
N261bn inflow to stabilise interbank interest rates
Analysts fault budget 2018 assumptions By Babajide Komolafe THE interbank money market will this week receive inflow of N261 billion which will enhancing stability of cost of funds in the market. Last week, cost of funds fell sharply due to inflow of N233.8 billion on Thursday from matured treasury bills (TBs). Prior to the inflow, […]
Bitcoins not legal tender in Nigeria, NDIC warns
THE Nigeria Deposit Insurance Corporation (NDIC) has warned members of the banking public on the danger of digital currencies like Bitcoins, saying they are not legal tenders in Nigeria.
