1. JUST IN: Inflation rate rises to 22.22%
Nigeria’s inflation rate increased for the fourth consecutive month to 22.22 per cent in April from the 22.04 per cent recorded in March… Read more
Source: https://punchng.com/just-in-inflation-rate-rises-to-22-22/?amp
2. Amid Hike in Rates, PFAs Exposure in FGN Securities Up 17% to N29.66trn
The hike in Monetary Policy Rate (MPR) by Central Bank of Nigeria (CBN) in an effort to tackle double-digit inflation is driving Pension Fund Administrators (PFAs) to gilt edge securities as their exposure to federal government papers increased by nearly 17 per cent to N29.66 trillion in the first quarter (Q1) of 2023 from N25.36 trillion reported in the first quarter of (Q1) 2022… Read more
3. We don’t determine exchange rates in Nigeria – IATA
The International Air Transport Association has released a statement clarifying that it is not responsible for the exchange rate applied to international flight tickets in Nigeria. This comes after reports suggested that IATA was behind the current hike in exchange rates… Read more
Source: https://punchng.com/we-dont-determine-exchange-rates-in-nigeria-iata/?amp
4. Caverton Reports N5.16bn Loss-After-Tax
Caverton Offshore Support Group Plc, has announced its audited results for the year ended December 31, 2022, showing a Loss-After-Tax of N5.16 billion… Read more
Source: https://www.thisdaylive.com/index.php/2023/05/15/caverton-reports-n5-16bn-loss-after-tax/
5. States paying outgoing govs jumbo pensions owe N3tn debt
No fewer than 18 outgoing state governors will retire into lives of luxury with generous pension benefits despite mounting debts and unpaid workers’ salaries… Read more
Source: https://punchng.com/states-paying-outgoing-govs-jumbo-pensions-owe-n3tn-debt/?amp
6. TICT Receives Largest Containership to Berth in Lagos
The Tincan Island Container Terminal Ltd (TICT) last week in Lagos received MSC MAUREEN, the largest containership ever to berth at Lagos ports… Read more
7. Mimiko urges new govt to revive economy
The former Governor of Ondo State, Dr Olusegun Mimiko, has tasked the Bola Tinubu/Kashim Shettima administration on the need to revitalise the economy and pull citizens out of poverty… Read more
Source: https://punchng.com/mimiko-urges-new-govt-to-revive-economy/?amp
8. Nigeria loses N313bn as oil theft, shutdown rise, operators demand tough sanctions
Crude oil production in Nigeria crashed by over nine million barrels between March and April 2023, leading to a cumulative revenue loss of about N356bn, findings by The PUNCH showed on Sunday… Read more
9. FCMB FastCash boosts loan access with AI
FastCash, an instant loan solution in Nigeria, has been enhanced with Artificial Intelligence capabilities, to ensure that more individuals and households have access to funds to meet emergency obligations under friendly repayment terms… Read more
Source: https://punchng.com/fcmb-fastcash-boosts-loan-access-with-ai/?amp
10. Stanbic IBTC Pension prepares workers for retirement
The Executive Director, Stanbic IBTC Pension Manager, Nike Bajomo, has urged staff and clients to acquire relevant knowledge that will help them to live well in retirement… Read more
Source: https://punchng.com/stanbic-ibtc-pension-prepares-workers-for-retirement/?amp
