Finance & Economy
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Fitch Retains Stable Outlook for Four Nigerian Banks
Following the country’s sovereign downgrade, Fitch Rating downgraded six commercial banks’ long-term issuer default ratings (IDRs) to ‘B-’ in November…
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Nigeria’s Fiscal Deficit for February 2023 Worries Stakeholders
operations of the Federal Government led to a significant 22.8% increase in deficit spending in February, according to data from…
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The Problems With CBN’s CRR Deductions and NDIC Premium
The Cash Reserve Requirement (CRR) is the proportion of customer deposits that banks must hold in zero percent interest-yielding assets…
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Between NDIC and AMCON: Resolving a Knotty Problem
Between NDIC and AMCON: Recalibrating Regulatory Roadmaps Investors bother about earnings rather than asset size, which is the primary cause…
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FBN Holdings Plc Declares N50.05bn PAT in Q1 2023 Results
FBN Holdings Plc, a financial institution in Financial Services sector announced 43.7% Revenue growth in Q1 2023 Unaudited Results. Key Highlights…
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CBN refutes devaluation rumors, denies naira devalued to N631/$1
The Central Bank of Nigeria has debunked reports claiming that the apex bank has devalued the naira to N631/$1. Reacting…
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At Last , The real owners of Nigeria’s Polaris Bank revealed
A cast of venture capitalists, a banker, and a real estate entrepreneur are the controllers of Strategic Capital Investment Limited…
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Why President Tinubu’s plan to unify the naira will be a long, arduous process
Contrary to the concerns of some business people that there may be immediate action on unifying Nigeria’s exchange rate following…
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Single Digit Credit No Longer Feasible as CBN Facilities Reached N8tn in 5 Years—-EMEFIELE
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the single-digit funding enjoyed by businesses…
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President Tinubu and Nigeria’s Growth Conundrum
As President Bola Tinubu assumes office, analysts emphasize the need to address a plan to achieve a 10% annual real GDP growth target. Foremost…
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