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Saturday, April 26, 2025

Economy

April 23, 2025

PenCom recovers ₦1.58 billion from defaulting employers as pension assets hit ₦23 trillion

Ms Oloworaran reaffirmed the commission’s commitment to achieving full onboarding of all states and the FCT into the CPS.

Pension
April 23, 2025

Insurance industry records N1.2 trillion gross premium growth

The insurance industry has recorded a 61 per cent year-on-year increase in the third quarter of 2024.

April 23, 2025

Japan starts third rice reserve auction to stabilise prices

The average price of rice in supermarkets across Japan reached ¥4,217 (about $30) per five kilogrammes in the week up to April 13, official data showed.

April 23, 2025

Customs laments exchange rate volatility disrupting export, import systems

“Within the quarter, we saw 62 exchange rate changes. Rates ranged from ₦1,477.72 to ₦1,569.53 per dollar, averaging ₦1,521.59,” the customs boss stated.

Adewale Adeniyi Comptroller General of Customs
April 23, 2025

Tinubu’s harsh reforms will drive long-term economic resilience, Edun insists

The finance minister said that the reforms would ensure equitable and sustainable development.

Bola Tinubu
April 22, 2025

IMF projects 3% economic growth for Nigeria in 2025

The IMF report cited mounting global uncertainties and sustained weakness in oil prices.

International Monetary Fund (IMF)
April 22, 2025

Stock market opens bullish with N318 billion gain

Market capitalisation rose by N318 billion or 0.49 per cent, closing at N65.817 trillion compared with Thursday’s figure of N65.499 trillion.

Nigeria Exchange (NGX)
April 22, 2025

Turkey fines manufacturers using pigskin to make shoes without indication

Turkey is a predominantly Muslim country. In Islam, pigs are considered impure, and many practising Muslims also avoid pigskin.

Turkey's trade ministry
April 22, 2025

Uber, Bolt, inDrive workers to protest May 1

“Let us show these companies that we are not just individual drivers, but a united force that won’t be ignored,” added the statement.

Bolt, Uber, inDrive
April 22, 2025
Gita Gopinath