News Reality

State pension insurance stable - for now


The Pension and Disability Insurance Institute (ZPIZ), the state-owned pension insurer, is performing better than planned this year, with outlays for pensions below projections and the growth in the number of pensioners slowing down. However, in just a few years the system will no longer be sustainable, according to ZPIZ director Marijan Papež.

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Festus Abu Portuguese Primeira Liga giants Porto have reportedly won the race to sign Nigeria’s Oghenekaro Etebo from   their struggling rivals Feirense during  the January transfer window.  The
Idris Adesina Nigeria’s two representatives Kano Pillars and Gombe Bulls are out of the 2017 FIBA Africa Champions Cup in Tunisia after losing their final group matches. However on Monday, they face
’Tana Aiyejina Organisers of GOtv Boxing Night 13 Flykite Promotions have assured fans  adequate security at  Landmark Centre, Victoria Island Annex, Lagos, venue for the event on December 26. Fly
Idris Adesina Nigeria ended  the 2017 Commonwealth Wrestling Championships in South Africa on Sunday with  one gold, two silver and one bronze. Five wrestlers Kemasuodei Dressman, Winnie Gofit, Bles
Tyson Fury has warned heavyweight rival Anthony Joshua that if his demands are not met then he can forget about their £50m all-British showdown, according to Daily Mail. Fury has not fought since tha
The manufacturing sector, which fell from a positive outlook to negative during the 2016 recession, rose briefly in the first quarter of 2017, aided by some policy initiatives. However, it plunged bac
Oyetunji Abioye The naira depreciated marginally by 0.55 per cent at the parallel market week-on-week to close at N365 on Friday. The local currency had closed at 363/dollar last Friday. Currency reta
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The Lagos State Government has commended Ecobank Nigeria for renovating and furnishing the main building at the Agbala Pediatric Centre in Ikorodu, as part of the lender’s corporate social responsib
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Heritage Bank has won in the inaugural Nigeria Sustainable Banking Award convened by the Central Bank of Nigeria. The lender said in a statement on Sunday that it won the award for “For Sustainable
Oyetunji Abioye Fhe Deposit Money Banks in the country borrowed the sum of N671.47bn from the Central Bank of Nigeria in the past five working days, data from the CBN have revealed. The CBN Standing L
US President told his Russian counterpart that he and the entire United States intelligence community were pleased to have helped save so many lives
Providus Bank says it has launched the World Elite MasterCard offering in Nigeria, providing affluent consumers and frequent travellers with a range of priceless travel benefits and lifestyle privileg
The sub-Saharan Africa faces a potential debt crunch unless commodity prices improve and boost the pace of economic growth, the International Monetary Fund has said. The Washington-based Fund said the
Fund managers seek U-turn by regulators after start of cryptocurrency futures trading. Bitcoin mania has reignited a race to launch an exchange-traded fund in the US that would track the volatile cryp
The Saudi crown prince who led a recent royal crackdown on corruption and lavish spending has reportedly been revealed as the buyer of “the world’s most expensive home.” Read Full
Akinpelu Dada The war of words between the Dangote Group and BUA Group continued on Sunday with the former accusing the latter of illegally mining limestone deposited in its Mining Lease No. 2541, loc
Okechukwu Nnodim, Abuja Thirty-seven federal universities in the country are using 1,068 generators as alternative power source, an energy audit of the tertiary institutions has revealed. According to

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