Finance & Economy
-
Higher MPR Raises Growth Concerns as Subsidy Fails to Keep Petrol Prices in Check
Further Rate Hikes Likely to Affect Real GDP Growth in 2023 as Economists Mull Unemployment Effects The Monetary Policy Committee…
Read More » -
More Naira notes as banks get old notes deposited with CBN today
Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN…
Read More » -
CBN Raises Policy Rate to 18%
–As Analysts Fret over Growth Nigeria’s Central Bank (CBN) has opted to stay hawkish as it confronts domestic inflation by…
Read More » -
At Last , Emefiele bows to pressure, says old naira notes legal tender
Exactly 10 days after the Supreme Court judgement mandating the use of old N,1000 and N500 notes as legal tender…
Read More » -
How does a bank collapse in 48 hours? A timeline of the SVB fall
Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal…
Read More » -
Manufacturers account for 28.76 per cent of FIRS collections in Q3 2022
Despite the lingering challenges in the real sector, Nigeria’s manufacturing sector, in Q3, 2022 contributed 28.76 per cent to lift…
Read More » -
Lagos, Kano get lion’s share as LGs share N2tn
Local Government Areas in Nigeria got N2.02tn from disbursed federal allocation in 2022. This came as LGAs in Lagos, Kano,…
Read More » -
Personal Statements by the MPC Members at the 146 MPC Meeting of Jan 23-24, 2023
1. ADAMU, EDWARD LAMETEK Year 2022 ended with less optimistic outlook for global growth in 2023 as prospects of recession…
Read More » -
CBN releases N114bn under 100-for-100 policy
The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the…
Read More » -
Banks’ NPL Sustains Decline at 4.2%, Assets Up 24.24% to N73.59trn
The Central Bank of Nigeria (CBN) has stated that the non-performing loans (NPLs) in the nation’s banking sector have sustained…
Read More »