The total amount of Pension Fund Assets so far invested in government bond has risen from N1.47tn in 2011 to N1.86tn, the National Pension Commission has said. The commission disclosed this in a paper on developments in the pension industry presented in Abuja by the Head, Research and Corporate Strategy, […]
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First Bank to expand retail business
First Bank of Nigeria will pursue an “aggressive†expansion strategy into next year as it seeks to tap into the growing consumer market in Africa’s most populous country, its chief executive said on Thursday. The Managing Director of the bank, Mr. Bisi Onasanya, told a conference call with analysts that […]
External reserves rise above 32-month high
Foreign exchange reserves climbed by 30 per cent to hit a more than 32 month high of $42.56bn by October 29, the latest figures from the Central Bank of Nigeria showed on Wednesday. Forex reserves in Nigeria stood at $32.72bn last year; the reserves rose by 3.4 per cent from […]
