By the end of May this year, the total funds under the Contributory Pension Scheme rose to N4.9tn, statistics obtained from the National Pension Commission have shown. According to the commission, N568.9bn (11.58 per cent) and N72.97bn (1.49 per cent), of the funds have been invested in domestic ordinary shares […]
Capital Market
Cash-strapped Nigeria to keep fuel subsidies for another quarter
Wed Jul 15, 2015/Reuters Nigeria will stick with costly fuel subsidies for now as new President Muhammadu Buhari says investigating corruption is a bigger priority than scrapping price caps on domestic fuel. Buhari was advised by his transition committee to end the subsidy programme, which critics say is expensive, inefficient […]
Equities Dips 1.28%, as Bearish Streak Enters 11th Session
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian equities on Wednesday maintained its downward trend as all-share index (ASI) dipped 1.28 percent to close at 30,970.51 basis points (BPS), while market capitalisation declined by N137.42 billion to close at N10.58 trillion. With today’s depreciation, the ongoing bearish streak entered its 11th consecutive […]
