January 23, 2024/FBNQuest Research The most recent data from the National Pension Commission (PenCom) reveals that the total asset under management (AUM) of the regulated pension industry increased by 2% m/m and 21% y/y to NGN17.9trn. However, despite the upward trajectory of Nigeria’s pension assets, the country’s pension industry remain […]
OPINION/EDITORIAL
FGN Records Lower Fiscal Deficit of N2.4trn in Q3 2023
January 22, 2024/FBNQuest Research According to the most recent quarterly economic report from the Central Bank of Nigeria (CBN), the federal government of Nigeria (FGN) recorded a lower fiscal deficit of -NGN2.4trn in Q3 ’23 compared with -NGN2.7trn. Although FGN’s aggregate expenditure declined by -3% q/q to NGN4.0trn, the narrower […]
Another Jump in the Average Cost of Refined Crude Oil Products
January 22, 2024/CSL Research Based on reports from the National Bureau of Statistics (NBS) the price of Automotive Gas Oil (Diesel) grew by 37.76% y/y and 6.74% m/m to an average price of N1,126.69/litre in December 2023 across the states of Nigeria from N817.86/litre and N1,055.57/litre recorded in December 2022 […]
