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Consumer credit rises 40% to N2.1trn — CBN

By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by a rise in the tempo of economic activities. CBN disclosed this in the just released Economic Report for November 2021, adding […]

CONTRIBUTORY PENSION SCHEME: New membership enrolment falls 38% in 5yrs

…As non-compliance in 22 states persists …Non-compliance blocks N127bn pension contributions By Babajide Komolafe & Rosemary Iwunze Enrolment of new members into the Contributory Pension Scheme, CPS, fell by 38 per cent in five years to 257,462 in 2021 from 411,258 in 2017 driven by persistent non-compliance in 22 states. Financial Vanguard analysis of annual […]

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