By Prince Okafor Nigeria’s indigenous integrated energy company, Eterna Plc, has stated its commitment to make solid investment in Liquefied Petroleum Gas, LPG, space and incrementally set up necessary infrastructure for market penetration. The company also plans to grow its retail footprints in the country as part of its effort to provide energy solutions in […]

By Peter Egwuatu Naira exchange rate volatility despite the interventions by the Central Bank of Nigeria (CBN) is being compounded by rising inflation, interest rate hike and slow economic growth with consequences for middle and low-income earners, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji (Dr) Aminu Gwadabe has said.Speaking in Lagos […]

The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N420.12 to the dollar, a 0.01 appreciation against N420.17 traded on Thursday. The open indicative rate closed at N419.79 to the dollar on Friday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before […]

By Peter Egwuatu The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) in the first five months of this year, January to May 2022 amounted to N1.506 trillion, representing 61.3 percent increase over the N933.65 billion recorded in the corresponding period of 2021. The Domestic and Foreign Portfolio Investment (FPI) in […]

By Cynthia Alo Total Pension Fund assets of the Contributory Pension Scheme, CPS, increased by 0.71 percent Month-on-Month, MoM, to N14.2 trillion in May 2022 from N14.1 trillion recorded in April 2022. According to the monthly report released recently by the National Pension Commission (PenCom), total Retirement Savings Account (RSA) registration increased by 0.3 per […]