PBA Reporter

Nigerian Insurance Sector Rebounds, Records 8.01% Annual Growth – NBS

The Nigerian insurance industry, according to the National Bureau of Statistics (NBS), grew by 8.01 per cent in 2021, compared to a negative growth rate of 13.29 per cent in 2020, figures. Prime Business Africa obtained this from NBS’ Gross Domestic Product

February 21, 2022

Business

CBN Tackling Economic Challenges With Interventions – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has vowed to tack the economic challenges facing Nigeria’s economy. Emefiele who was represented by the Corporate Communications Director, CBN, Osita Nwanisoba, made this known at the end of a two-day CBN

February 21, 2022

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

Currency In Circulation Hits N3.33tn On Cash Transactions – CBN

The currency in circulation, according to the Central Bank of Nigeria (CBN), rose by N418bn to N3.33tn as of December 31, 2021, from N2.91tn a year earlier. The CBN data showed that the currency in circulation increased by 19.06 per cent from

February 20, 2022

Cost Of Living Worsens As New Petrol Price Hits Hard On Nigerians

Business

Punish Dirty Petrol Importers, Overhaul Imports System – LCCI Tells FG

The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to punish those involved in the importation of adulterated Premium Motor Spirit (petrol) into the country. The LCCI disclosed the need for an immediate overhaul of the country’s

February 20, 2022

Cooking Gas Marketers Reveal Panic Buying Could Raise Price In Nigeria

Business·News·Top Stories

12.5kg Cooking Gas Hits N8,000 In January – NBS

National Bureau of Statistics (NBS) disclosed that residents in Osun, Abuja and Oyo states paid the highest amount for liquefied petroleum gas, better known as cooking gas, in January 2022. Prime Business Africa gathered that the average price for refilling a 12.5kg

February 18, 2022

Business

Yewande Sadiku, Ex-NIPC Boss, Appointed Into Flour Mills Board

Flour Mills of Nigeria Plc (FMN) has appointed Yewande Sadiku, former CEO and executive secretary of the Nigerian Investment Promotion Commission (NIPC), to its board. In a corporate filing on the Nigerian Exchange (NGX) on Friday, Umolu Joseph, company secretary of FMN, explained

February 18, 2022

Business

Bank Loans To Private Sector Rise By N5.1tn, Hit N36.7tn – CBN

The Nigerian banking sector’s credit to the private sector between January and December 2021, rose by N5.1tn or 16.67 per cent, according to data obtained from the Central Bank of Nigeria. Prime Business Africa obtained this from the Money and Credit statistics

February 17, 2022

News·Oil & Gas·Top Stories

Fuel Scarcity: NNPC Promises Adequate Supply Next Week

The Nigerian National Petroleum Company Limited (NNPC) has assured Nigerians of adequate fuel supply by next week. The NNPC made this promise amid the subsisting scarcity of Premium Motor Spirit (petrol) in the country. According to the company, over 30 vessels would

February 17, 2022

Business

FG Releases 5G Spectrum To NCC For Deployment

Isa Pantami, the minister of communication and digital economy, has formally released the spectrum of the fifth-generation (5G) network to the Nigeria Communications Commission (NCC). Pantami made this known in Abuja while giving a keynote address during the public workshop on national

February 17, 2022

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Business

Pension Assets Rise By N1.11tn, Hit N13.42tn

Prime Business Africa has gathered that the pension assets under the Contributory Pension Scheme rose by N1.11tn in 2021. This Newspaper obtained the figure from the National Pension Commission’s report released on Wednesday. PenCom, in its unaudited reports on pension funds industry

February 17, 2022

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PBA Reporter

Nigerian Insurance Sector Rebounds, Records 8.01% Annual Growth – NBS

CBN Tackling Economic Challenges With Interventions – Emefiele

Currency In Circulation Hits N3.33tn On Cash Transactions – CBN

Punish Dirty Petrol Importers, Overhaul Imports System – LCCI Tells FG

12.5kg Cooking Gas Hits N8,000 In January – NBS

Yewande Sadiku, Ex-NIPC Boss, Appointed Into Flour Mills Board

Bank Loans To Private Sector Rise By N5.1tn, Hit N36.7tn – CBN

Fuel Scarcity: NNPC Promises Adequate Supply Next Week

FG Releases 5G Spectrum To NCC For Deployment

Pension Assets Rise By N1.11tn, Hit N13.42tn

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