…As credit to economy hits N60trn By Elizabeth Adegbesan Data from the Central Bank of Nigeria, CBN, has shown that Federal and state governments’ borrowings from commercial banks increased Month-on-Month, MoM, by 11 percent to N20.1 trillion in July 2022, from N18.04 trillion in June. The data titled, ‘Money and Credit Statistics’ also shows that […]

By Emeka Anaeto, Babajide Komolafe & Godwin Oritse IN bid to boost the nation’s foreign exchange (forex) earnings, the Nigerian Ports Authority, NPA, has started driving exports, creating ten specialized export processing terminals across the country. Speaking to Vanguard in Lagos the NPA’s Managing Director, Mr. Mohammed Bello-Koko, said that about three of the approved […]

By Peter Egwuatu The total transactions done by domestic investors on the floor of the Nigerian Exchange Limited (NGX) grew to N1.49 trillion as against N273.16 billion recorded by foreign investors in the first seven months of 2022. According to the Domestic and Foreign Portfolio Investment (FPI) July 2022 report which captured these transactions as […]

By Rosemary Iwunze The National Pension Commission (PenCom) said it is committed to ensuring the safety of pension funds, stating that adequate structures have been established in this regard. Speaking at the 2022 Workshop organized by PenCom for journalists in Lagos, Director-General of PenCom, Mrs. Aisha Dahir-Umar, said it is taking strategic steps to encourage […]

By Obas Esiedesa, Abuja The Director General of the Securities and Exchange Commission, SEC, Mr. Lamido Yuguda, has explained that it was too early to measure the impact of the reinstatement of tax rebate on corporate bond investment. Briefing journalists on the outcome of the 2nd virtual capital market committee meeting, Yuguda explained, “for any […]