Finance & Economy
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Naira Devaluation Inspires Calls for Bank Recapitalisation
Stakeholders have taken a side glance at bank capital as the recent naira harmonization of official exchange rates has led…
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NPLR and CAR: Checking the Health of the Banking System
Non-Performing Loans The idea of maintaining a stable financial system is to ensure that credit performance is at a level…
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CBN makes Social Media Handle mandatory KYC requirements for bank customers
The Central Bank of Nigeria (CBN) has released its Customer Due Diligence Regulations 2023 or financial institutions under its regulatory…
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Fuel subsidy removal , unified exchange rate will sustain a more competitive economy – Tinubu
President Bola Ahmed Tinubu has expressed his commitment to sustaining the removal of fuel subsidy and the unification of Nigeria’s…
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World Bank Urges FG to Customize Reforms and Social Protection Initiatives
The World Bank has advised Nigerian policymakers to move away from relying solely on national averages when formulating social protection…
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GTB doubles salaries of junior staff to cushion subsidy removal
GT Bank has increased salaries for its junior and contract staff in response to the rising cost of living. Some…
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CBN removes saving, withdrawal limits on domiciliary accounts
The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts. The Central Bank of Nigeria (CBN) issued…
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Inflation Increases by 22.41% YoY in May 2023 as Food Inflation Rises by 24.82%
All Items Index In May 2023, the headline inflation rate increased to 22.41% relative to April 2023 headline inflation rate…
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Banks’ Performances Suffer Under the Burden of Multiple Deductions
While the introduction of the AMCON fee in 2011 was seen by Analysts as being pivotal to averting a financial…
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Nigeria Bonds Surge on Weekend Ouster of Central Bank Chief
Nation’s bonds best emerging-markets performers on Monday Naira may weaken to 700 to the dollar after Emefiele detention Nigeria’s dollar…
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