Finance & Economy
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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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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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