Finance & Economy
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CBN Reacts to Claims About Capacity of NSPMC Plc, Alleged Threats to Close Some Deposit Money Banks
CBN has debunked false claims about capacity of NSPMC Plc and alleged Threats to close some deposit money Banks. According…
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Driving Cashless Economy on Steroids: Strategic or Suicidal?
Before we dive into this highly anticipated subject, let’s cover the basics. A cashless economy refers to an economic system…
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Naira scarcity: Instant payment hits N38tn in January
The Naira scarcity, caused by the Central Bank of Nigeria’s naira redesign and cash withdrawal policy, pushed instant electronic payment…
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Supreme Court stops CBN from stopping use of old Naira notes February 10
The Supreme Court gave the order in a suit filed by three APC-controlled states – Kaduna, Kogi and Zamfara. The…
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Court Sentenced Fidelity Bank Secretary, MD to Six Weeks in Prison
A chief magistrate’s court in Ogba, Lagos, has sentenced Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, to six weeks in…
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The Markets in Review: General Elections and the Markets – Coronation Research
General elections are to commence in just under three weeks’ time, with presidential and parliamentary polls due at the end…
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Fuel Scarcity Cripples Economy as S&P’s Outlook for Nigeria Turns Negative
Hope of Resolving Fuel Scarcity Challenges Rises as Stakeholders Parley If the recent engagement of all stakeholders in the downstream…
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Stallion Nigeria refutes claim of alleged debt to GTB, says matter pending in court
Stallion Nigeria has refuted reports that it is indebted to Guaranty Trust Bank (GTB) to the tune of N13 billion.…
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S&P Revises Nigeria’s Outlook to Negative from Stable on Weakening Fiscal and External Metrics’ ; ‘B-/B’ Ratings Affirmed
Overview Low (albeit recently rising) crude oil production, large refined-petroleum subsidy costs, high debt service expenditure, and associated sizable fiscal…
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CBN Directs DMBs to Pay Redesigned Naira Notes Over the Counter; Police and Other Agencies to Prosecute Sellers, Abusers of Naira
…Assures That Queues At ATMs Will Disappear Soon …Directs OTC payment of Redesigned Banknotes by DMBs The Central Bank of…
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