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Finance & Economy - Page 279

Nigeria’s GDP Grows by 4.07% in Q4 2025 – NBS

Nigeria’s Gross Domestic Product (GDP) expanded by 4.07 per cent year-on-year in real terms in the fourth quarter of 2025, according to the latest report released by the National Bureau of Statistics (NBS). The growth rate is higher than the 3.76 per

February 27, 2026

Business·Finance & Economy

Nigeria Borrows N8.311trillion From Pension Funds, Experts Cry Out

Nigeria’s federal and subnational governments have, so far, borrowed N8.311trillion, representing 63.93% of the N13.001 trillion total pension assets in the country and raising serious concerns among pensioners as well as Nigerian economists and business lawyers. The borrowed amount represents National

December 6, 2021

Oil & Gas

Nigeria Records Zero Revenue From Oil Export – NNPC

Nigeria, according to the Nigeria National Petroleum Corporation (NNPC’s) latest report, got no revenue from crude oil export in the month of October. The NNPC, in the report to the Federation Account allocation Committee (FAAC) released at the weekend, disclosed that petrol

December 6, 2021

Labour

ASUU Threatens To Shutdown Nassarawa University Over N900m Earned Arrears

By Kayode Shopekan Academic Staff Union of Universities Chairman in Nassarawa State University Keffi, Dr Samuel Alu, has told the government of Nassarawa state to pay the earned academic allowance it is owing or risk a shutdown of activities

December 6, 2021

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Finance & Economy·News

Marginal Boost In Financial System Liquidity To Ease Interbank Rates

There are expectations that a marginal boost in financial system liquidity will ease the interbank offered rate this week. This is just as dealers say Treasury-bills worth N65.03 billion will mature through the primary and secondary markets to exceed T-bills worth N15.03

December 6, 2021

Finance & Economy·News

More Pension Fund Assets Invested In Banks

NEW report on pension fund assets by National Pension Commission (NPC) shows that third quarter (Q3) investments in Local Money Market Securities (LMMS) have more pension fund assets in banks through Open Market Operations and banks’ fixed deposits than in commercial papers.

December 6, 2021

Finance & Economy

eNaira Deepens Financial Inclusion, Says CIBN President

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Bayo Olugbemi, has commended the introduction of the country’s first digital currency, eNaira, saying it was part of measures to deepen financial inclusion and integrate millions of unbanked Nigerians into

December 6, 2021

Finance & Economy

Banks Write Customers To Submit Forex Requests Online

As the Central Bank of Nigeria (CBN) adopts measures to curb foreign exchange abuses, banks in adherence to the regulator’s directive, have informed their customers that forex requests can be processed online. In the same way, 10 Deposit Money Banks have made

December 6, 2021

Finance & Economy

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

After a rebound of 5.6per cent in 2021, global growth would move along at a brisk pace of 4.5per cent in 2022, moderating to 3.2per cent in 2023, says the Organisation for Economic Co-operation and Development (OECD). In its Economic Outlook, the

December 2, 2021

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Finance & Economy

Airtel Africa Plc Completes Airtel Nigeria Minority Buyout Offer

Further to the buyout offer announcement of 4 October 2021, Airtel Africa, a provider of telecommunications and mobile money services with a presence in 14 countries across Africa, on Thursday announced completion of its minority shareholding buyback of Airtel Networks Limited (‘Airtel

December 2, 2021

Currency·Markets

Foreign Exchange Update: Dec. 2, 2021

According to the data at the FMDQ Security Exchange where foreign exchange (forex) is traded officially, exchange rate between the naira and the US dollar opened at N413.94/$1 on Thursday December 2 after it closed at N415.07 to a $1 on Wednesday,

December 2, 2021

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Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Ellah Lakes Plc’s ambitious N235 billion public offer has ended

Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

By Lukman Otunuga In a welcome development for Nigeria’s economy,

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Finance & Economy - Page 279

Nigeria’s GDP Grows by 4.07% in Q4 2025 – NBS

Nigeria Borrows N8.311trillion From Pension Funds, Experts Cry Out

Nigeria Records Zero Revenue From Oil Export – NNPC

ASUU Threatens To Shutdown Nassarawa University Over N900m Earned Arrears

Marginal Boost In Financial System Liquidity To Ease Interbank Rates

More Pension Fund Assets Invested In Banks

eNaira Deepens Financial Inclusion, Says CIBN President

Banks Write Customers To Submit Forex Requests Online

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

Airtel Africa Plc Completes Airtel Nigeria Minority Buyout Offer

Foreign Exchange Update: Dec. 2, 2021

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