Finance & Economy
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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…
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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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Monetary Policy Intervention Without Structural Reforms: A Panacea or Palaver?
Last year, as inflation reached record highs in many countries, central banks around the world adopted one of the most…
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Banks’ assets rise to N73tn
Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December…
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