The naira dropped further to 242.5 against the United States dollar at the parallel market on Wednesday as artificial scarcity of the greenback continue to batter the black market, three weeks after the Central Bank of Nigeria restricted the sales of foreign exchange to importers. The naira, which hit 240 […]

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 […]

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 […]