Pension managers target broader investments for N24tn fund –

Players in the Nigerian pension industry have called for regulatory guidelines that would enable them to invest in export-orientated businesses, toll roads, real estate and high-growth unlisted companies so as to boost returns. According to a Bloomberg report on Thursday, this call comes as high inflation and currency depreciation erode value for the contributors to the nation’s pension scheme. The monthly data from the National Pension Commission has revealed that as of June, the pension funds stood at N24.63tn, with a majority of it invested in government-backed instruments………(Read More)

Nigeria on track to hit 2.5mbpd oil output — FG –

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has declared that the country is firmly on course to ramp up crude oil output to 2.5 million barrels per day by 2026, following its strategy to unlock deepwater potentials, revive dormant fields, and accelerate approvals for new projects. It also announced the completion of a case-by-case review of the marginal fields licensing that are due for renewal……..(Read More)

Despite meeting OPEC quota, price drop threatens Nigeria’s capital projects –

The federal government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil. This is even as the government has met the production quota given by the Organisation of Petroleum Exporting Countries (OPEC) thrice during the year. Analysis showed that between April and August, the global oil price experienced a significant drop, influenced by a combination of factors including weakening demand and increased supply………(Read More)

Nigeria’s FX reserves rise to $41bn –

Nigeria’s foreign exchange reserves rose sharply to $41.00 billion on August 19, 2025, the highest level since 2021, Data from the Central Bank of Nigeria (CBN) indicated. Daily Trust reports that this was the first time the external reserves would witness this highest accretion since December 2021. Daily Trust reports that the month of August has witnessed consistent accretion with the reserve adding about $1.46 billion month-to-date, from $39.54 billion on 1 August before it hit $41.00 billion by 19 August….…..(Read More)

Stock Market Sustains Profit-taking Momentum, Drops by N781bn –

The Nigerian stock market yesterday continued its decline with a loss of N781 billion, driven by sustained sell-offs that negatively impacted performance. The Nigerian Exchange Limited  All-Share Index (NGX ASI) declined by 1,233.basis points or 0.87 per cent, to close at 140,332.44  basis points with the Month-to-Date and Year-to-Date returns settled at +0.3per cent and +36.4per cent, respectively. Also, the overall market capitalisation value lost N781 billion to close at N88.784 trillion. Market sentiment remained weak, with a negative breadth …….…(Read More)

Trade War Tensions: China ‘opposes’ Trump’s 50% tariffs on India, hails Beijing & Delhi as ‘double engines of Asia’ –

China has sharply criticised Washington’s decision to slap tariffs of up to 50% on Indian goods, warning that remaining silent in the face of “economic bullying” would only embolden the United States. Beijing has also pledged to stand firmly with New Delhi, framing the two neighbours as indispensable partners in shaping Asia’s economic and political future………..(Read More)