Pension Fund Administrators (PFAs) staked about 65.2% of Nigeria’s total pension assets in the Federal government’s borrowing instruments, a review of a report posted by the pension commission showed.

Oil prices increased as Saudi Arabia and Russia tightened supply with voluntary production cuts. ICE Brent price rose 0.86% on Monday to $85.62 per barrel from the closing price of $84.89 a barrel in the previous trading session on Friday.