Finance & Economy
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CBN lifts suspension on fintech firm, PalmPay
Financial technology platform, PalmPay, has resumed onboarding of customers, following lifting of the ban imposed on it by the Central…
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NDIC to begin refunds to Heritage bank customers next week
The Nigerian Deposit Insurance Corporation (NDIC) says the payment of depositors in Heritage Bank will commence in one week. The…
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JUST IN: Nigeria’s Central Bank Revokes operating Licence Of Heritage Bank
The Central Bank of Nigeria, CBN, has revoked the banking licence of Heritage Bank Plc with immediate effect. The CBN…
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Emefiele In Fresh Trouble
A Federal High Court, sitting on May 29, at Ikoyi, Lagos has again ordered an interim forfeiture of the sum…
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Banks generated N438bn from digital transactions in 2023
In 2023, digital banking channels brought in roughly N438bn for 10 financial institutions, an analysis of their annual reports has…
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SEC To Issue Framework On Recapitalisation
The Securities and Exchange Commission (SEC) has said that it will soon issue a framework that will guide the capital…
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Investors Gained N141.89bn as NGXASI Advanced by 0.26%; BDC Rate Depreciated to N1,498/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian bourse opened the trading week on a positive note, rebounding from Friday’s…
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What to Expect from the Markets this Week – 270524
Economy CBN MPC Raises MPR by 150bps to 26.25% In its most recent meeting on May 21, 2024, the Central…
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CBN MPC Raises MPR to 26.25%: Hawkishness Persists as Inflation Fears Wax Stronger
In its most recent meeting on May 21, 2024, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) continued…
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Federal High Court seizes $4.72m, N830.88m, multibillion properties linked to former CBN Governor, Godwin Emefiele
Justice Yellim Bogoro made the order on Thursday, following an ex-parte argued by the Economic and Financial Crimes Commission (EFCC)…
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