Nigeria News Headlines
* Nigeria: Financial Crisis – Pension Fund At Risk *
STRONG indications emerged at the weekend that over N220 billion pension contributions invested in the capital market by Pension Fund Administrators (PFAs), may have been adversely affected by the bearish trend in the stock market, making PFAs stand the risk of returning losses on their investments.
* Nigeria: Shell Plans U.S. $3 Billion Loan to Lift Oil Sector *
Royal Dutch Shell plans to lend Nigeria more than $3bn to sustain oil production and investment threatened by the lack of government funding.