Nigeria's Pension Fund Assets Increases To N8.14 Trillion, Was N7.52 Trillion In 2017

A pension fund is an investment product into which scheme members pay contributions in order to build up a lump sum to provide an income in retirement. The Government also pays back the income tax deducted from these contributions.

9 Million Yam Seedlings To Be Distributed To Nigerian Farmers

No fewer than nine million yam seedlings are to be distributed to yam farmers across the country under the CBN’s Anchor Borrowers Programme, (ABP) the Technical Committee on Nigeria Yam Export says.

Mixed Reactions As FG Unveils Nigeria Air, Owns Only 5% Equity

The Federal Government has unveiled the name of the new national carrier as Nigeria Air. The airline, set for take-off on December 24, is largely private investors-owned, with the government owning only five per cent equity.

European Union Govts Approve Free Trade Deal With Japan

European member states have given the go-ahead for a free trade deal with Japan, the world's third-largest economy. The deal will be the biggest free trade accord ever signed by the European Union. The agreement will unite around 600 million people,

Federal Govt To Borrow N1.6tn To Fund Deficit Of The 2018 Budget

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, says the Federal Government will borrow N1.6 trillion to finance part of the N9.12 trillion 2018 budget.

Rumbles In Nigeria As President Buhari Signs Altered Budget 2018

Nigerians have said that President Muhammadu Buhari should not have signed the 2018 budget, which he did amidst claims that the National Assembly “tampered” with the document.

Nigeria To Start Artificial Impregnation Of Cows To Boost Milk Production

The Federal Government says it will commence artificial insemination of cattle at its different research institutes and centres to aid multiplication of cows and increase milk production in the country.

Federal Govt Opens Online Portal For Investors “iGuide Nigeria”

The Federal Government has launched an up-to-date online portal, `iGuide Nigeria’, containing necessary information and relevant data for willing investors.

President Buhari Seems Worried Over Unpaid National Debt

THE International Monetary Fund, IMF, has once again expressed concerns about Nigeria’s debt servicing capacity, as the size of the total debt keep rising against its revenue. Speaking at a press conference yesterday on the sidelines of the on-going World Bank Group Spring Meetings in Washington DC, Mrs Catherine Pattillo, Assistant Director, Fiscal Affairs Department

FG To Finance 11% Of 2017 Budget With Recovered Loot

The Federal Government said on Monday it would use a fraction of the looted funds recovered so far to finance part of the 2017 budget. The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said this at the 2017 budget breakdown in Abuja.

Akwa Ibom State Successfully Manufactures Toothpicks

Governor Emmanuel Udom of Akwa Ibom State has fulfilled the promise he made to the youths during his electioneering campaigns with the production of toothpicks.

House Of Reps Want Fuel Sold At N70 Per Litre

To drop a circulating rumour that there would be a possible hike in the price of petrol in the country during the festive session, Nigeria’s House of Representatives has moved for the reduction of the price.

IMF Claims Nigeria Is Now Africa Biggest Economy; Do You Agree With ?

Despite recession and untold hardship in Nigeria, International Monetary Fund (IMF) has declared Nigeria as the biggest economy in Africa — ahead of South Africa and Egypt.

ECONOMY UPDATE: Buhari in the Eye of Dwindling Economy & Sale of National Assets

In a desperate move to revive the nation from economic recession, Federal Government of Nigeria plans to sell its major assets. Those calling for the sale of national assets are: Aliko Dangote, Africa richest man;

EDESON TUTORIAL: The Meaning of ECONOMIC RECESSION: All You Need to Know

Goodday Nigerians and my friends abroad. If you are living in Nigeria, Recession shouldn't be a strange word to you as it is being used by even Nursery School pupils. It is visible to everyone that Nigeria is

CURRENT AFFAIRS: Jigawa State to Start Exporting Goats to Foreign Countries

As Nigerians clamour for economic diversification from Oil, Jigawa State is planning to support the call through goat production. The State Governor Muhammed Badaru is targeting 18,000 women ( from 27 local

CURRENT AFFAIRS: South Africa Overtakes Nigeria as Africa's Biggest Economy

South Africa is now the biggest economy in Africa after overtaking Nigeria in the race. The rating was in terms of dollar following the devaluation of the Nigerian naira and introduction of a flexible foreign

CURRENT AFFAIRS / ECONOMY:NNPC Now Sells Kerosine N150 Per Litre, Other Filling Stations to Sell for N220 Per Litre

Nigeria National Petroleum Corporation (NNPC) has fixed N150 per litre as the official depot price of kerosene. This was confirmed by Tokunbo Korodo, the South-West Chairman of Nigeria Union of

ECONOMY / ISLAMIC NEWS: N197 per Dollars To Hajj Pilgrims: CBN To Lose N7.6bn Tax Payers' Money

The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the Hajj at an exchange rate of N197.

CURRENT AFFAIRS: Skye Bank Ignores FG's Directive To Suspend Retrenchment, Sacks 200 Staff

Barely 24 hours after the minister of labour and employment, Chris Ngige asked banks to suspend sacking of its staff following petitions and complaints, Skye Bank Plc has fired at least 200 staff on Monday,