By Peter Egwuatu In spite of profit taking and the holi day induced reduction to three days trading sessions equities market investors gained N354.26 billion on the Nigerian Exchange Limited, NGX last week as market capitalisation rose to N28.157 trillion from N27.803 trillion the previous week. However, analysts predicted mixed sentiments for this week as […]

By Godfrey Bivbere Export through Apapa port rose by 8,525 per cent in the half year 2022, HI’22, when compared to the same period last year, HI’21. While rendering the performance of his Command, Friday, the Customs Area Controller, CAC of Apapa Area 1 Command of the Nigeria Customs Service, NCS, Malanta Yusuf, said that […]

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 […]

…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 […]

The World Bank has said that Nigeria was at a critical juncture, given the crash in its economic fortunes, occasioned by the current global economic crisis from the impact of the COVID-19 pandemic.