The National Pension Commission (PenCom) has announced that the rebranded Personal Pension Plan (PPP) has opened up new opportunities for Nigerians to make voluntary pension contributions, allowing Retirement Savings Account …
Economy
- EconomyFinanceGOVERNMENTLabourNigeriaPension
- AfricaBusinessEconomyEnergyNigeriaSustainability
NLNG urges Africa to move beyond raw material exports, lead global LNG market
Nigeria LNG Limited (NLNG) has urged African nations to shift from being raw material suppliers to becoming major players in the global liquefied natural gas (LNG) industry. Speaking at the …
- CurrencyEconomyFinanceInternationalMonetary PolicyTrade
US Dollar Weakens as Markets Expect Fed Rate Cut Amid Renewed US-China Trade Tensions
The United States dollar weakened on Wednesday, losing ground against major global currencies as financial markets priced in a possible interest rate cut by the Federal Reserve. The decline comes …
- BusinessCapital MarketEconomyFinanceINVESTMENTStock Market
NGX Closes Slightly Positive as Investors Trade Cautiously Amid Q3 Earnings Season
Trading on the Nigerian Exchange (NGX) closed on a mildly positive note on Wednesday as investors slowed down on bargain hunting despite the continued release of third-quarter (Q3) corporate earnings …
- Debt Management,EconomyFinanceGOVERNMENTInternationalINVESTMENT
Investor Confidence Weakens as Nigeria’s Eurobond Yields Rise Ahead of $1.1bn Repayment
Nigeria’s Eurobond market experienced a dip in investor confidence this week as yields climbed by 10 basis points to 8.27 per cent, signalling renewed caution among investors ahead of the …
- Central BankingEconomyFinanceGOVERNMENTInternationalMonetary Policy
CBN Governor Olayemi Cardoso Says Nigeria Has Built Strong Economic Buffers Against Global Shocks
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria has built strong economic buffers and resilience to withstand global and domestic financial shocks through …
- BusinessDangote IndustriesEconomyEnergyOil & Gas
Petrol nears ₦1,000 per litre as marketers move to import fuel independently amid Dangote refinery supply disruptions
Petroleum marketers across Nigeria have begun moves to import petrol independently as pump prices edge closer to ₦1,000 per litre in several cities, amid worsening supply challenges and production setbacks …
- AfricaDevelopmentEconomyEmploymentEnergyInfrastructure
World Bank says affordable electricity key to Africa’s job creation and economic transformation
The World Bank has said that access to affordable and reliable electricity is vital to unlocking Africa’s potential for job creation, industrial growth, and poverty reduction. In a new blog …
- EconomyGovernancePetroleumSecurity
Customs Intercepts N80.4 Million Worth of Petrol Smuggled to Benin Republic
The Nigeria Customs Service (NCS), under its special operation codenamed Operation Whirlwind, has intercepted 1,980 jerrycans of Premium Motor Spirit (PMS), also known as petrol, worth N80.4 million, allegedly being …
- BankingConsumer ProtectionEconomyFinanceGovernanceNational AssemblyRegulation
Reps to Probe Arbitrary Bank Charges as Nigerians Decry Unexplained Deductions
The House of Representatives has resolved to investigate what it described as the arbitrary, excessive, and unexplained charges imposed on customers by commercial banks across Nigeria. The lawmakers made this …